Diamonds icon Lev Leviev moving to London
Israeli’s channel 2 news reports that Israeli diamond and property magnate Lev Leviev will make London his home base. Leviev is making a move with his family to monitor the progress of AFI development, (the Russian property) unit of leviev Africa Israel investments.
In May AFI raised 1.4 billon dollars, but the share has since lost about 35 percent in trading on London stock exchange. The Russian-born Israeli made his first billon in the diamond mines of Russia and Angola and now holds the marketing rights for diamonds for Angola, the world’s fifth largest producer of rough diamonds.
The Leviev Group also has diamond retail stores in London and New York. Since 2001, however, Leviev has turned his attention to property, rapidly expanding into Manhattan and Eastern Europe.