Login

AWDC Board Elects New President

The Antwerp World Diamond Centre (AWDC), the industry organization representing the interests of 1,600 diamond companies in Antwerp, has elected Nishit (Bali) Parikh as its new President, replacing outgoing President Stéphane Fischler...

22 february 2018

De Beers’ 2017 core earnings up 2pct despite drop in revenue

De Beers, which is 85 percent-owned by Anglo American, said its underlying adjusted earnings before interest, tax, depreciation and amortization (EBITDA) leaped 2 percent to $1.435 billion compared to $1.406 billion a year earlier despite lower...

22 february 2018

Lucapa Diamond CEO perceives good start for rough diamond market in 2018

The rough diamond market has this year started off “very well” as high demand has seen prices go up in January, according to Lucapa Diamond chief executive Stephen Wetherall.

22 february 2018

GJEPC and MIDC sign MoU for Jewellery Park in Mumbai

The Gem & Jewellery Export Promotion Council (GJEPC) of India and the Maharashtra Industrial Development Corporation (MIDC) signed a MoU for the setting up India’s largest Jewellery Park in Mumbai.

22 february 2018

Stellar starts front end engineering, design for Tongo-Tonguma

Stellar Diamonds said it has started the Front End Engineering and Design study (FEED) for the underground mine development of the Tongo-Tonguma project in Sierra Leone.

22 february 2018

How Three Jersey Shore Developers Intend To Drop The Price Of Diamonds

14 july 2017
(forbes.com) - These three 28-year-old guys work out of Asbury Park, New Jersey, just a quick drive to the boardwalk and The Stone Pony, the venue that’s famous for launching Bruce Springsteen’s career. One of them, Justin Insalaco, is a former Mercer County cop, who came up with the idea for a law enforcement app after getting frustrated that he couldn’t access critical information, like policies and floorplans, from his cell phone. That app became Guidant Systems, which has been adopted by The Department of Homeland Security and The Pentagon Force Protection Agency. Insalaco developed it with his business partners Matthew Roselli, a former advertising executive, and Jason Elhomsi, who came out of financial marketing. None of them have any background in jewelry, which is why Roselli found ring shopping so challenging after he decided to get engaged a few years ago. “When you say you’re getting engaged,” Insalaco says, “about 15 people in your network in Jersey and New York tell you that they’ve got a [diamond] guy.” Still, Roselli found the process daunting, unsure of whom to trust and why ring prices varied so much from jeweler to jeweler. That got the team at 3BDreams, a marketing think tank that Insalaco founded after Guidant Systems became successful, wondering. They founded Legemdary in 2015, with the notion that engagement ring buyers should have access to the kind of easy, seamless shopping experience that the internet has made possible for so many different industries. Legemdary is reverse auction site that bypasses the retailer completely . Instead, it connects buyers with wholesalers.

Comments

Only registered users can add comments (Register, Login)