Online diamond retailer www.diamondexchange.com.au has been placed in administration. Liquidation and bankruptcy specialist Worrells have confirmed they have been appointed administrators of the company.
This highlights the danger for consumers buying from online diamond retailers that do not own the diamond stock and rely on listing virtual diamond stock that is sourced from multiple companies and countries.
At www.diamonds.co.nz we own all the white diamonds that are listed on the website. The customer is able to view the diamond with a manufacturing jeweller nominated by www.diamonds.co.nz
Therefore there is no risk to the customer and you are able to deal with professional jewellery trade companies.