THE DETROIT JEWISH NEWS 16 Friday, May 29, 1981 LOWER PRICES BETTER QUALITY FASTEST DELIVERY VERTICALS-DRAPES-BLINDS CALL 559-8209 YOU CAN'T GO WRONG WITH HURTIG WINDOW INTERIORS "WE PUT THE AC ENT ON WINDOWS" Heartiest Congratulations To RABBI & MRS. JOSHUA SPERKA ON THEIR 50th WEDDING ANNIVERSARY May they be blessed with many more healthy years to enjoy the fruit of their work for K'LAL Israel and much Nachas from their children and grandchildren. Detroit Friends of Shaare Zedek Hospital in Jerusalem Diamonds Israel's Biggest Business By JUDY CARR closed down for shorter or longer periods. This is ex- plained by the recent drop in retail demand for diamond rings and jewelry. Recently a new building was added on to the diamond exchange, with a connecting bridge between them. Security in these two buildings is the most sophisticated in the world. At night, an "Electronic Eye." can see whoever is ap- proaching the building from three miles away. World Zionist Press Service The Ramat Gan Diamond Exchange must be one of the most exciting places in Is- rael — or in the world. Here manufacturers, merchants and brokers buy and sell polished diamonds in multi-million - dollar deals. The huge complex of buildings is a world in itself: everything a human being needs- for the day is on the premises so that the diamond dealer has no need to take himself out of the building till he leaves it in the evening. There are banks, barber shops, travel agents, restaurants — even medical facilities. It is also one of the most expensive buildings in the world. Offices cost thousands of dollars to rent. It costs a bank $18 a square meter per month just for maintenance purposes. The corridors are lined with offices of diamond mer- chants. As for the floor of the exchange, it is occupied, by earnest men, and not a few women, dealing in a commodity the name of which is synonymous with riches. Most of the men wear kipot. To become a member of the diamond exchange is a tough business. Your record is checked and counter- checked, socially, finan- cially and businesswise. DMS 13rie fr -es II lor J ERUSALEM DAY J UNE 7, 19 81 N JERUSALEM O CITY OF PEACE CELEBRATE 14 YEARS OF REUNIFICATION • WEAR YOUR BLUE 8 WHITE! • 1 P.M. — RALLY: OAK PARK PARK, NORTHFIELD NR. CHURCH. • ERIC ROSENOWand his CONTINENTALS, Detroit Federation of Musicians • BRING PICNIC LUNCH • RAIN — MEET 1 P.M.: J.C.C. - 10 MILE BRANCH • FOR INFORMATION CALL 547 0790 DETROIT ZIONIST FEDERATION - P. Israel's Diamond Exchange You are a part-member for roughs cheaper to the man- three years before being ufacturers than for export. fully admitted, and in case The Israeli cutters and of a departure from the ethi- polishers can adapt cal norm, such as failing to themselves speedily to pay on time, you can be -whatever type of stone is thrown out. A special court needed on the market. at the exchange judges The Israeli industry spe- these proceedings under a cializes in melees, the complicated legal system smaller stones, but can with precedents and prev- also switch to medium ious verdicts to guide it. size stones if there is a The manufacturers sell to demand for them inter- the merchants through nationally. brokers. The brokers make Israel exports more than the deal with the merchant, who sends up his bid to a billion dollars worth a manufacturer in a sealed year of polished diamonds, envelope. If it is acceptable, which are the country's the deal is concluded with a leading export. The preci- "Mazal." Nothing is written ous stones exchange re- down and nothing is signed. cently became part of the The word is enough in the diamond exchange and vast deals are carried out in diamond business. "Mazal," the good old emeralds, rubies, sapphires Jewish word meaning luck, and semi-precious stones. However all is not well is used in every Exchange throughout the world, even with the Israeli diamond in Singapore and India. The industry. Increasing num- bers of dealers and man- term used to be "Mazal u'bracha" but this was ufacturers are in financial difficulty and diamond gradually shortened. _ The Ramat Gan polishing plants are being Diamond Exchange be- gan, like so many other Rabbis' Award to Israeli enterprises, on a shoe - string, accom- Ben Zion Bokser NEW YORK — Rabbi panied by prophecies of failure. Moshe Schnitzer, Ben Zion Bokser, spiritual the exchange's president, leader of the Forest Hills recollects that just before (N.Y.) Jewish Center, has it opened its doors in been chosen the first reci- 1968, the director general pient of a special prize for of the Ministry of Com- "outstanding rabbinic merce, Gideon Lahav, scholarship" by congrega- suggested to Schnitzer tional rabbis by the Rabbin- that the vast building be ical Assembly. turned over to the gov- The prize, established by ernment as a hospital, as the Beth El Sisterhood in the diamond business Baltimore, Md., and ad- was in a depression. ministered by the Rabbini- Schnitzer says, "For a cal Assembly, the interna- time we made no sales. We tional association of Con- had no capital and could not servative rabbis, was speculate but had to do it all created to honor Rabbi on the basis of turnover." Jacob B. Agus, rabbi Now, much of the world's emeritus of Beth El Con- diamond business is done in gregation, on his retire- Israel, not only at the ment. Ramat Gan Exchange but Rabbi Ben Zion Bokser, at a smaller exchange and who has been the spiritual in other places not far away. leader of Forest Hills Schnitzer claims that the Jewish Center for 47 years, Israeli diamond polishing and is currently serving as and cutting manufacture is the chairman of the Rabbin- the most flexible in the ical Assembly's Committee world as regards the type of on Jewish Law and stone, and has more know- Standards, was awarded the how than other countries. Agus prize "for his distin- This enables Israel to corn- guished career spanning pete with countries such as almost five decades." In that Russia and South Africa time, he has authored 14 that have their own books and dozens of essays. diamond mines and sell the (Dimethyl Sulfoxide) CHEMICAL SOLVENT AS SEEN ON 60 MINUTES 99.9 + % PURE FAST DELIVERY Phone (313) 898-8888 Right In Your Own Driveway! 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