People's Republic of China visited the Israeli Diamond Exchange (IDE), and the subject of the talks was the development of China-Israel trade relations, Israelidiamond.co.il reported, citing IDE. The chairman of the Shanghai Municipal Trade Commission, Shang Yuying, met with IDF's newly elected president, Shmuel Schnitzer, and members of the exchange to increase trade between the two states, especially the development of cooperation in the diamond industry.
During her visit, Shang highly appreciated the security system at the diamond exchange in Ramat Gan. Meanwhile, Schnitzer is well acquainted with the activities of the Shanghai Diamond Exchange, and he played a big role in her education in 2000, and also worked in the advisory commission of the exchange.
Diamond Controller Shmuel Mordechai noted that, despite many differences, both exchanges have similar structures and systems for controlling trade turnover and customs authorities.