Last Updated :
22 March 2011 at 16:20 IST
Diamond firms launch online platform
VeriChannel, the search engine of the jewelry industry, has announced the participation of new DTC sightholders posting diamonds on its innovative Daily Diamond Report service.
The Daily Diamond Report (DDR) is an online platform where freshly graded diamonds are automatically made available to the trade, on a password-protected website, within a few hours of being graded and while they are still at the major laboratories.
Newest Sightholders include Hasenfeld-Stein, EFD, and Eurostar, bringing total participation to twenty-five major diamond manufacturers, including over a dozen Sightholders world-wide.
"DDR was created to provide the industry with an open-access sourcing tool for diamonds not yet available anywhere else on the web," noted VeriChannel president Jacques Voorhees. "We are pleased to bring such a large number of the world's best, freshly-graded diamonds directly to buyers globally, almost immediately after certification, and with no access fees."
"Being able to source goods before the certificates have even been printed, and before the stones have even left the labs, is a fantastic tool for the industry," said Mr. Ory Vogel, of Dor Diamonds in Ramat Gan. "I'm using the system daily and have already purchased diamonds I found on it."
"One of the best things about this new platform," said Jeff Fischer, of Fischer Diamonds, New York, "is that it's freely open to the trade. This means buyers world-wide can access it at no cost and with no barriers other than demonstrating trade status."
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