NY Diamond Dealers Club Completes HQ Purchase At International Gem Tower
May 28, 17
(IDEX Online) – Extell Development Company and the Diamond Dealers Club (DDC), the largest and oldest diamond trade organization in the United States, announced today that the DDC has closed on the purchase of its new headquarters on the 11th floor at the International Gem Tower (IGT) on West 47th Street in Manhattan’s famed diamond district.
The DDC will relocate its offices this June.
"As the anchor of New York’s Diamond District, DDC members will have the opportunity to conduct their business out of a beautifully designed open trading space with state-of-the-art technical facilities, a relaxing cafeteria and break area and gorgeous views from floor-to-ceiling windows," the DDC said in a statement.
“The International Gem Tower is critical to the future success and stability of the diamond industry on 47th Street in New York," said DDC President, Reuven Kaufman. "I believe that this new facility and trading floor will be an incredible benefit to our members.
“Our members will enjoy the modernity, prestige and value that IGT has to offer. We are confident that the Club's presence will enhance the experience for IGT owners, visitors and tradesmen. Now is an excellent opportunity for DDC members to secure office space still available from Extell Development and be in the same location as the DDC and other major companies in the industry.”
Gary Barnett, the founder of Extell, said: “Having the DDC at the International Gem Tower completes our vision for a modern industry center in New York.”
The ultramodern tower was developed specifically for the global diamond, gem and jewelry industry. In addition to a cutting-edge security system, which includes iris recognition scanners at the lobby turnstiles, owners will also benefit from on-site underground parking and a private health and fitness center.
Among buyers of offices at the IGT are the GIA, DeBeers, Smolensk, Leo Schachter & Company, Dalumi Diamonds, SB Diamonds, S. Schnitzer Diamonds, Ben Mellen & Company, Esskay, Christopher Designs, Isaac Davidowitz, Eurostar, Kuperman Bros. Diamonds USA, and Malca-Amit USA.