In a letter to the industry from online diamond trading platform IDEX (International Diamond Exchange), the Chairman and the Chief Operating Officer state that in an effort to help the industry through these trying times, IDEX is opening their platform for free “for all newcomers” until August. Please see the letter below:
A personal letter from IDEX management
“As the global pandemic changes life for everyone, we at IDEX are adjusting to the ‘new normal’.
It’s time to take a bold and decisive action, so we have resolved to leverage our expertise and our platform assets to help friends and colleagues in our industry. That’s why we are, with immediate effect, opening up our diamond trading platform (http://www.idexonline.com) for free to all newcomers until August 2020. We offer the only global, objective and transparent platform in the diamond world.
• Access the entire IDEX Diamond Trading platform for free. Join today at www.idexonline.com.
• The IDEX price index is updated every hour and is derived from our trading inventory of more than 700,000 polished diamonds. The index is unbiased, market-driven and is the most reliable indicator of market movements. It is a composite formulated by specialists at Tel Aviv University’s finance faculty and it accurately reflects price trends as they happen in real time (http://www.idexonline.com/diamond_prices_Lp), such as the drop of over two percent since the start of March.
• IDEX Guaranteed Diamond Transactions™ is the only fully-automated trading service for polished diamonds. It provides a two-way guarantee: It guarantees the availability and authentication of goods for buyers, and it guarantees payment to suppliers.
As second-generation diamond traders, we have been part of this wonderful industry for a long time, throughout both prosperous and challenging times. We strongly believe that a bold, new vision is what will take us through this turmoil and beyond, to thrive and prosper once more.
Please feel free to get in touch with us at any of our offices (http://www.idexonline.com/ContactUs), in New York, Mumbai, Antwerp and Ramat Gan, to suggest new ways we can work together.
With respect and humility, kind regards,”