RAPAPORT… Israel’s Get Diamonds has signed an agreement to sell stones directly to the Chinese jewelry market, the company said this week.
Get Diamonds, the e-commerce platform of the Israel Diamond Institute
(IDI), will partner with Rock & Trade, an Israel-based company that
provides a loose-diamond platform specifically for Chinese jewelers and
suppliers. Get Diamonds is a website that enables Israeli traders to upload their goods, making them available to buyers around the world.
“Get Diamonds is an extremely powerful tool in growing
Israel’s diamond trade,” said IDI chairman Boaz Moldawsky. “This partnership
will enable us to trade directly with Chinese jewelers easily and efficiently,
and in their own language.”
China is one of Israel’s leading markets, and the agreement
will help the trade reach those customers, Moldawsky said.
In January, the Israel Diamond Exchange (IDE) announced a
partnership with e-commerce giant Alibaba, which will enable traders to sell
goods online to businesses and consumers in global markets.
Israel Bourse E-Seller Inks Chinese Trade Deal
The Bottom Line
- Get Diamonds, operated by the Israel Diamond Institute, signed a deal with Rock & Trade to serve Chinese jewelry buyers and suppliers.
- The partnership allows Israeli traders to list diamonds on Get Diamonds and reach Chinese customers in their own language.
- This move complements Israel Diamond Exchange’s earlier agreement with Alibaba to expand online diamond sales globally.
Summary by Rapaport AI
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