Established in the 1930s by immigrants who had learned the trade in Belgium and formally named the Israel Diamond Exchange in 1937. During WW2, when the traditional European centres fell under German occupation, Israel became a major source for polished diamonds. The industry experienced continuous growth with exports to the United States, the Far East and Europe. Israel’s diamond polishing factories – considered the most advanced in the world – are equipped with sophisticated diamond processing technologies – many of which were developed locally. Israeli technological advances such as lasers for diamond cutting, brutting machines, automatic polishing machines and computer aided design systems are used today throughout the global diamond industry. Israel’s diamond polishers are world-renowned for their expertise in polishing large and medium sized diamonds, of all shapes and cuts. However, they have also expanded their manufacturing capabilities overseas – primarily in Asia – importing smaller stones for grading and sorting.