Moshe Schnitzer, one of the founding fathers of the Israeli Diamond Industry, past Chairman of the Israel Diamond Institute, Honorary President of the Israel Diamond Exchange and the World Federation of Diamond Bourses, passed away last night at the age of 86.
He is survived by his three children, Hanna Gertler, Etty Yovel and Shmuel Schnitzer and their families. His wife Varda, passed away in 2002. His son Shmuel also served as President of the Israel Diamond Exchange and of the World Federation of Diamond Bourses. The family diamond firm he established, M. Schnitzer & Co., continues to be an important member of the Israel Diamond Exchange.
Moshe Schnitzer was born in
From 1967 to 1993 Schnitzer served as President of the Israel Diamond Exchange, during which time polished diamond exports rose from $200 million to $3.4 billion a year. Schnitzer served as President of the World Federation of Diamond Bourses from 1968 – 1972 and again from 1978 – 1982. He was voted lifelong Honorary President of the WFDB in 1982, and lifelong Honorary President of the Israel Diamond Exchange in 1994.
Moshe Schnitzer received the Order of King Leopold of
Schnitzer was responsible for establishing the
In 2004 Moshe Schnitzer was awarded the prestigious Israel Prize for “his life’s work which has made a special contribution to the State of Israel and Israeli society. The official announcement of the prize stated: “Moshe Schnitzer is identified more than anyone else with the
Moshe Schnitzer’s funeral was held on
To view the photo gallery commemorating Moshe Schnitzer, click here.