October 23, 2006

Jewish diamonds find favor in Arab Dubai

The two-year-old Dubai Diamond Exchange has put the Gulf emirate squarely inside a global business dominated by Jewish traders. And that, inevitably, means trade ties with Israel, another world diamond hub. Israeli Diamond Exchange president Avi Paz says diamonds and hospitality flow freely between Israel and Dubai. "We came there, they came here. There is no problem at all," Paz said in Tel Aviv. Nearby Qatar also keeps discrete ties with Israel.