Guaranteed diamond transactions trading platform from IDEX

02 Jun '08

2 min read

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

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