Moshe Schnitzer, founder of the Diamonds Exchange in Israel, died at the age of 86 on Thursday night, it was announced this weekend. Schnitzer was born in Cernauti, a Romanian town now in Ukraine, in 1921 and emigrated with his family in 1934. According to Israeli media, he was considered the most influential player on the Israeli diamond market.
He ran the Israeli Diamond Exchange between 1967-1993. In 2003 he received the Israel Award for his contribution in the development of the country. He also headed the world federation of diamond markets between 1968-1972 and 1978-1982.
His funeral was attended by top political and economic personalities of the country including former prime minister Benjamin Netanyahu.
