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Israel's Purchase of Excess Industrial Diamonds from the Strategic and Critical Materials Stockpile

LCD-77-414 Published: Mar 11, 1977. Publicly Released: Mar 11, 1977.
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Highlights

The United States sold 300,000 carats of industrial diamonds to Israel for $9.1 million over a one-year period beginning July 22, 1975. The sale was part of a disposal of 4,961,000 carats of industrial diamonds authorized by Congress in 1971.

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Foreign salesMineral resourcesNegotiated procurementPrecious stonesSales contractsStrategic materialsContract termsFair market valueProfitsRaw materials