Diamond News Archives

(IDEX Online) - Antwerp-based Baunat has become one of the first diamond jewelry companies to accept payment by cryptocurrency.

Customers can now pay for their purchases online using Bitcoin, Ethereum and others.

Steven Boelens, the firm's executive director, said: "Baunat has always been an early adopter when it comes to technology and in today's economic climate it's easy to see the added value of a payment technology that's on the verge of exploding into the mainstream market."

The company says it "does not take any position in cryptocurrency" but recognizes that using is at as a payment method is a "logical step".

Baunat, founded in 2008, makes most of its sales online, but also has showrooms in Amsterdam, Antwerp, Düsseldorf, Geneva, Hong Kong, Bombay, Nice, Paris and Zurich.

Pic courtesy Baunat...

(IDEX Online) - The IDEX Polished Price Index was up 1.37 per cent in May, an increase almost double that of April (0.73 per cent). The rise was pretty steady day on day, with the Index averaging 124.970 across the month and closing at 125.900.

The Index is currently the highest it's been since November 2018. It has been climbing, albeit with some volatility, since hitting a low point in April 2020, as the global pandemic struck. Before that it was in overall decline since mid-2018. It bottomed at 117.96 in March 2020 when coronavirus first hit....