EGL Asia Signs Diamond Grading Agreement with 21Gem.com
June 18, 09
EGL Asia signed a grading agreement with 21Gem.com, one of China's leading online gem and jewelry sales websites. The deal makes EGL Asia the exclusive grader and provider of certificates for loose diamonds and set jewelry diamonds sold on the web site.
21Gem.com sells either directly to customers or by designated stores.
“We have tested EGL Asia's grading standards time and again at the State Center of Supervision and Inspection on Quality of Gold and Silver Products (NGGC) and are very happy with the results,” said Mark Gao, CEO of 21Gem.com
China is the world's third biggest consumer of luxury good in terms of sales volume. Jewelry has been placed third after housing and automobiles in the luxury market.