Home / Knowledge / News / Information Technology / Guaranteed diamond transactions trading platform from IDEX
Guaranteed diamond transactions trading platform from IDEX
02
Jun '08
Singapore Exchange Mainboard-listed Sarin Technologies Ltd a worldwide leader in the development, manufacturing and marketing of advanced diamond planning, evaluation, production, measuring and grading systems, is pleased to announce that IDEX Online SA (a company of which Sarin has acquired 23% of its share capital – "IDEX Online") has announced the launching at the JCK Las Vegas 2008 show of the Guaranteed Diamond Transactions trading platform.

IDEX Online is a leading provider of trading services and content for the diamond industry. According to a Press Release issued by IDEX Online: "Guaranteed Diamond Transactions is a fully automated online trading service for loose certified polished diamonds that guarantees the availability of diamonds to buyers and immediate cash payment to sellers.

Featuring a low, fixed transaction fee of US$25, Guaranteed Diamond Transactions provides an immediate, cost-effective trading platform.

The world's first and only polished diamond spot market, Guaranteed Diamond Transactions enables diamond traders to submit their bids and buy orders with a simple click of the mouse.

IDEX Online, in cooperation with HSBC Bank, has built a secured payment system to ensure fund transfers. Leading gemological laboratories will authenticate the diamonds against their grading certificates before they are delivered to buyers "Based on conversations with industry players, we recognized a strong and growing demand for online trading among diamond manufacturers, diamond traders and jewelry store owners.

Guaranteed Diamond Transactions meets that need head on," said Abraham Stern, CEO of IDEX Online. "Guaranteed Diamond Transactions is a natural extension of IDEX Online's world-leading polished diamond inventory, and underscores our commitment to provide innovative, high-quality services at the best price."

IDEX Online is exhibiting at JCK Las Vegas 2008 at Booth no L47 at the Sands Expo & Convention Center and the Venetian Resort Hotel Casino until June 3.

Sarin Technologies Ltd

Must ReadView All

Textiles | On 28th Mar 2017

India may impose duty on elastomeric filament yarn

The Government of India is likely to impose anti-dumping duty on...

Courtesy: Lee Cooper

Apparel/Garments | On 28th Mar 2017

CCI clears FLFL proposal to divest Lee Cooper

The Competition Commission (CCI) of India has approved the proposal...

Textiles | On 28th Mar 2017

Bardoli CEFC to benefit south Gujarat MSMEs

India’s first common engineering facility centre (CEFC) at Bardoli,...

Interviews View All

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search