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 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Apparel/Garments | On 25th May 2017

Guess records $458.6 million revenue for Q1 2018

For the first quarter of fiscal 2018, the net revenue of American...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Igor Chapurin
Chapurin

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search