The Israel Diamond Exchange (IDE) has shut down its trading floor for some time and switched to “emergency mode” operations as an urgent security measure in view of recent direct missile attacks.
The IDE released an official statement on 14th of June, according to which only crucial services will function until future announcements, while many buildings in Ramat Gan complex will stay under closure. This includes top managers’ offices, postal services, the quality control office, and many other establishments.
Currently, the Shimshon building is the only way to enter the IDE, and other options are blocked. The parking lots in Maccabi and Yahalom are also closed, as well as the office that issues tags permitting entrance to the premises.
The building’s secure depository room will be open until 2 o’clock in the afternoon according to the recently imposed restricted schedule. The IDE asks members and businesses to move all the valuables to this safe room in order to ensure they are protected during the attacks.
The recent news reminded Israeli people that most insurance policies don’t cover terrorist attacks or war-associated damages. Therefore, one might want to examine their coverage and consider different compensation options in case of any incidents.
This comes after Iran launched missile attacks in retaliation for Israeli air attacks on military bases the day before the IDE issued the announcement. The headquarters in Ramat Gan has been hit by some of the launched missiles. Israel’s Home Front Command has responded by banning any non-essential public events, which also emphasizes the need to close IDE.
The IDE promised to keep the public updated via the official channels. It’ll keep observing the military situation and take security measures accordingly.
In the end, the damage that the jewelry industry suffers in view of war conflicts is nothing compared to the tragedies of ordinary people going through these experiences. However, the Olertis team hopes for the soonest resolution of the military situation and peace agreement between the two countries. We hope that the peaceful sky will once again have civil planes and not military drones.
