Jewellery organisations to offer IDEX trading network to members

GIA diamonds

Global diamond and jewellery organisations have announced an exclusive offer to their members to join the IDEX trading platform.

World Federation of Diamond Bourses (WFDB), Jewelers of America (JA), CIBJO (The World Jewellery Confederation), the Diamond Manufacturers & Importers of America (DMIA), the Indian Diamond & Colorstone Association (IDCA), the International Diamond Manufacturers Association (IDMA) and the World Diamond Mark (WDM), have all pledged to sign up to the scheme.

This special offer includes free access to the IDEX trading floor for retailers. Among the benefits are significantly discounted rates to sellers, with no limitations on inventory listings or login keys per subscription. In addition, users have access to the Guaranteed Diamond Transactions™ (GDT™) network – a proprietary and unique online transaction clearing function – as well as free access to IDEX’s objective and transparent price report, which has moved from a weekly to a monthly format to better suit the needs of the market, both wholesale and retail.

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The monthly IDEX price report reaches more than 76,000 industry players worldwide. Based on statistical algorithm analysis performed on the 700,000 certified diamonds listed on IDEX’s trading platform, the report reflects asking prices for high-quality diamonds in the global professional diamond centres.

IDEX chairman Ehud D. Cohen comments: “IDEX’s essence for the past 14 years has been transparent online real time prices. It is our business to share this expertise with the market. We are always looking for ways to facilitate trade in the industry.”

WFDB president Ernie Blom adds: “It is critical that our membership across the globe receives trading advantages, especially at such challenging times, and I am delighted that IDEX is able to provide our members with a special low-cost trading offer.”

“In the global market of the 21st Century, members of the jewellery trade are well served by tools that enable them to connect to suppliers, customers and inventory, around the world and around the clock,” says CIBJO president Gaetano Cavalieri. “We are happy to be able to able to offer all members of our member organizations preferential access to the IDEX Trading Network.”

 

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