Hasenfeld-Stein Launches Re-Cutting Program for Recycled Diamonds
March 20, 12(IDEX Online News) – In a bid to help jewelers increase their profits, diamond manufacturer Hasenfeld-Stein recently announced the launch of its diamond re-cutting program. The web-based program enables retail jewelers to send stones above 0.60 points for re-cutting into GIA triple excellent or AGS 000s diamonds.
“Similar to the purchase of gold jewelry, retailers have been, and we’re quite certain will continue to purchase diamonds from the general public for a long time to come,” says company vice president Hertz Hasenfeld. “We’re using our expertise to help retailers turn these diamonds into well cut, very saleable and profitable products.”
Retailers who submit a diamond will receive an evaluation and judgment within 24 hours of receipt of the diamond that includes confirmation of the specific parameters of each stone, including carat weight, color and clarity, confirmation that Hasenfeld-Stein will accept the submitted diamond for re-cutting (the company reserves the right to reject stones deemed too high a risk) and expectations for the resulting re-cut stone.
Jewelers also have the option of potentially selling the stone to Hasenfeld-Stein rather than having it re-cut.
Founded in 1949, Hasenfeld-Stein has cutting factories in