Diamonds Direct was founded in 1995 in Charlotte. It now has 22 locations in 13 states, as well as an online presence.
When was diamonds direct established?
Diamonds Direct, founded in 1995 is headquartered in Charlotte, North Carolina and has one of the nation’s largest selections of fine jewelry and diamonds at the lowest prices guaranteed anywhere in the United States.
Who started diamonds direct?
Diamonds Direct was founded by Alon Arabov, a diamond manufacturer based out of Tel Aviv, Israel. In 1995, the first Diamonds Direct opened in Charlotte, N.C. eliminating the middleman and selling diamonds directly to the end customer from the manufacturing facility in Israel.
Was diamonds direct sold?
Diamonds Direct was bought by private equity firm Blackstone in 2015 for an undisclosed price, the Observer reported at the time. And in 2017, Diamonds Direct acquired Distinctive Diamonds and its sister company, Global Diamonds, adding four stores to the business, the Observer reported at the time.
Is diamonds direct a good deal?
Diamonds Direct offers excellent service and value for those who want to make a diamond or engagement ring purchase in person. Their prices might be slightly higher than James Allen or Blue Nile, but they still merit a good recommendation.
Who owns Diamond Direct?
Diamonds Direct is currently owned by private-equity firm Blackstone Group (NYSE: BX), which purchased the company in 2015 for an undisclosed amount. Diamonds Direct was founded in 1995 in Charlotte. It now has 22 locations in 13 states, as well as an online presence.
Are Diamonds Direct lab created?
While natural diamonds are forged in the Earth, lab-grown diamonds are created using extreme pressure, heat and advanced technology inside a machine. Lab-grown diamonds are nearly impossible to differentiate from natural diamonds, even by the experts.
How much did Blackstone pay for diamonds direct?
The owner of Kay Jewelers and Zales agreed to buy Diamonds Direct USA Inc. from Blackstone Inc. and other shareholders for $490 million, betting on a robust return of the U.S. bridal business as pandemic restrictions subside.
Did Signet buy diamonds direct?
Signet Jewelers agreed to buy Diamonds Direct USA for $490 million in cash. Signet, which owns jewelry chains Kay Jewelers, Zales and Jared, also hiked its outlook for the fiscal third quarter and for the year.
Did Signet Jewelers buy diamonds direct?
Fairlawn-based Signet Jewelers is buying Diamonds Direct, a Charlotte, N.C., jeweler for $490-million in an all cash transaction, which is expected to close by the fourth quarter of fiscal year 2022, according to Signet.
Who bought Zales?
|Location of the original Zales store in Wichita Falls, Texas|
|Number of employees||12,500 (July 2012)|
|Parent||Signet Jewelers (2014–present)|
|Divisions||Zales Gordon’s Jewelers Peoples Jewellers Mappins Piercing Pagoda|
Is diamonds direct a wholesaler?
Diamonds Direct began as a wholesale operation, based out of both Israel and the United States, that cut and sold diamonds to jewelry stores across the country. … The Diamonds Direct experience is born from our signature approach to selection and customer service.
Does diamonds direct negotiate price?
Direct diamond importers can offer lower prices than other jewelry stores because we buy from the original supplier and there is no middleman markup. We can offer a richer selection of diamonds and shapes that may be harder to find at your local jeweler.
Is Blue Nile a good company?
Despite its low prices, Blue Nile is a completely legitimate business. Blue Nile diamonds are GIA certified. The reason why their prices are so low is because they operate on lower margins and do not have expensive brick-and-mortar stores.