Israeli diamond company MID House of Diamonds was presented with Israel’s Outstanding Exporter Award for 2011 by Israel’s President Shimon Peres and Minister of Industry, Trade and Labor Shalom Simhon, at a ceremony held recently at the President’s residence.%% Each year the award is granted to Israel’s best exporting companies in a variety of fields. MID is one of 10 companies to win the award this year.%% MID House of Diamonds was established in 1994 by brothers Benny and Yossi Meirov. Headquartered in Ramat Gan, the company has offices in Los Angeles, New York, Belgium, Hong Kong, and Shanghai. MID manufactures diamonds and high-end diamond jewelry, supplying leading retailers and jewellery manufacturers around the world. In 2011, MID exported $239 million worth of diamonds, making it Israel’s second largest diamond exporter.%% Israel Diamond Exchange (IDE) President Yair Sahar, Israel Diamond Manufacturers Association (IsDMA) Bumi Traub, Precious Stones Exchange President Shlomo Eshed and Diamond Controller Shmuel Mordechai attended the ceremony.%% Bumi Traub, who led the ceremony, said that he has known the Meirov family for many years and was very proud of their accomplishments. “There is nothing more exciting than seeing where you began and where you have arrived,” he said.%% Yair Sahar said he was gratified to note that for years diamond companies have been among Israel’s Outstanding Exporters. “We have the honor of representing a sector that is responsible for some $28 billion in revenue and annual exports of $11 billion – representing 25 per cent of Israel’s exports,” he said.