A number of Israeli, US, and Indian diamond companies have already taken advantage of pre-construction pricing for space in the International Gem Tower, a project planned to go up on 47th St. in the heart of the New York diamond district.

Israeli buyers include polished diamond manufacturer M.I.D and Eshed Diam, which specializes in large round and fancy diamonds.

US-based companies that have opted for space in the IGT include M.B. Altman; Mordechai Kopciel; SKC Jewelry, which sells colored gemstones and tanzanite in addition to diamonds, Galaxy Color; KTF Gems/ Feigenbaum & Klein; and Kuperman Bros, who have secured the last of the space on the tower's 18th floor.

Pre-construction pricing will be available until the end of March only. The IGT team will be participating in the BaselWorld jewelry and watch exhibition from March 24-31.