The Israel Diamond Exchange (IDE) has partnered with online sales platform Alibaba.com. The agreement makes IDE the first diamond bourse to offer polished diamonds and diamond jewellery on the website, directly from the source.
Alibaba.com is a major digital platform for global wholesale trade, serving millions of buyers and suppliers around the world.
The launch was announced during the February 6 opening of the International Diamond Week in Israel.
Through this partnership, up to 150 IDE members will be able to establish virtual diamond and jewellery stores on the site, under the auspices of the Israeli diamond industry’s official body. With the IDE endorsement, buyers are guaranteed that the supplier offers only natural, conflict-free diamonds and upholds the highest professional standards of quality and reliability.
All IDE stores carry a special symbol indicating that they are “Authorized Members” of the Israel Diamond Exchange. Although the project is just now being officially launched, 80 IDE authorized stories are already in operation.