SimplexDiam move in to International Gem Tower

The International Gem Tower Will be in the heart of New York. Image by Bruce Bennett/Getty

Ambitious New York space shapes up to house the diamond industry

Extell Development Company announced today (August 19) that SimplexDiam Inc., the industry’s leading diamond and jewellery liquidation and asset recovery specialist, purchased office space in New York’s International Gem Tower.

The International Gem Tower will be NY’s only commercial condominium designed specifically for the global diamond, gem and jewellery trade. Set for completion next year, the 34-story office building will provide services and amenities never before offered in New York’s diamond district. The Tower promises “a new level of efficiency, excellence and security that will redefine how business is done in New York and in the global jewellery marketplace. “

SimplexDiam chairman and CEO, Yogesh K. Madhvani, believes it will be a focal point for the industry, creating a "show" atmosphere for the most important jewellery companies in the world. Madhvani added: "Both its classification as a Foreign Trade Zone and its anchoring in the centre of New York’s Diamond District are historic and strategic steps forward."

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