DTC Broker I. Hennig Acquires Stake in Verichannel
June 02, 11(IDEX Online News) – I. Hennig & Co. has acquired an equity interest in Verichannel, an online diamond trading platform and jewelry industry search engine, the sides announced Wednesday. They did not disclose the size of Hennig's investment or stake in the company.
Verichannel opened for business in January and, among other services, uses patent-pending technology to showcase diamonds online within hours of when the stones have been graded, including a full PDF of the grading report.
The labs involved in this venture are GIA, HRD, IGI, and AGS.
Verichannel was formed by Jacques Voorhees, founder of Polygon.
"Hennig worked closely with Verichannel during its research and development phase," said Hennig Managing Director
Verichannel also provides search engine functionality for finding companies, products, and other services in the industry, using Google-based technology combined with its own proprietary software.