Verichannel The Israeli Diamond Industry

DTC Diamond Broker I. Hennig Acquires Equity Interest in Verichannel.Com

01.06.11, 12:06

Arik Sela

I. Henning Managing Director Arik Sela
I. Hennig & Co., the lead broker for the Diamond Trading Company, has acquired an equity interest in Verichannel, LLC, an online diamond trading platform and jewelry industry search engine.

Verichannel, launched by Polygon founder Jacques Voorhees, opened for business in January and, among other services, uses patent-pending technology to showcase diamonds online within hours of when the stones have been graded, including a full PDF of the grading report. The company's core services are restricted to the trade, and Verichannel has established direct computer links with the primary grading laboratories GIA, HRD, IGI, and AGS.

"Hennig worked closely with Verichannel during its research and development phase," said Arik Sela, Hennig Managing Director, adding that the company was impressed with Voorhees' team and was eager to take part in the diamond industry's expanding online business-to-business activity.

"I. Hennig is an ideal partner for Verichannel," said Voorhees.