RapNet


Rapaport News

 

Retail

 

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

Israel Trade Signs Alibaba Consumer Deal

Exchange to offer loose diamonds on luxury site Ali Auction.
Oct 18, 2018 3:50 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT... The Israel Diamond Exchange (IDE) has expanded its collaboration with Alibaba by introducing sales directly to Chinese consumers.

Israeli diamonds will be available as loose stones on Ali Auction, the Asian e-commerce giant’s luxury platform, the IDE said Wednesday. The bourse will launch the venture at the inaugural China International Import Expo in Shanghai in early November.

The nation’s diamond trade began its partnership with China’s Alibaba in February, creating an online virtual store incorporating about 150 bourse members. They started by selling to jewelers and dealers, with the intention of extending the operation to consumers at a later stage.

“We’re really excited to again be partnering with Alibaba, which is one of the most exciting and creative internet sales platforms in the world,” said IDE president Yoram Dvash.

Image: Alibaba’s headquarters in Hangzhou, China. (Alibaba)
Tags: Ali Auction, alibaba, asia, e-commerce, IDE, inaugural China International Import Expo, Israel, Israel Diamond Exchange, Rapaport News, shanghai, Yoram Dvash
Similar Articles
JBT jewelry display 150Jewelry Business Closure Rate Drops
Jul 21, 2019
The US jewelry trade continued to contract in the secondquarter, but the...
Hong Kong Slowdown Hits Swiss Watches
China Lifts Richemont Jewelry Revenue
Chow Tai Fook China Sales Rise
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us