Sightholder opens major Chinese plant, maintains focus on diamonds.

At first glance, the invitation that arrived during the March Hong Kong Jewellery Show to the opening of a new diamond factory set up by an Israeli firm in China looked increasingly familiar. Signed by Philippe Zivan-Sussholz and Abraham Fluk of YEI--Yahalomei Espeka International, it heralded the opening of a new plant at Hanji Village, Shiji Town, in the Panju District of Guangzhou Province.

So what made this opening so different from all other openings? "It's all part and parcel of our company's new line of attack or strategy, if you will," said Fluk, one of YEI's tw