Gembridge, a newly created and strictly regulated global digital platform for the transparent trade of colored gemstones, pearls, and jewelry, has announced the appointment of its ambassadors to nations around the world.
For the North American region, New York-based gem and jewelry specialist and World Bank advisor Joe Menzie has been selected as one of three ambassadors. The others are Edward Boehm (RareSource, based in Tennessee) and Evan Caplan (Evan Caplan Rare and Fine Gems, based in California).
Providing a marketplace for verified members to buy, sell and consign, using a secure and insured door-to-door service, Gembridge is global in nature. It is based in Singapore, which requires this type of company to pass strict Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance that is demanded by both the highly regulated international financial sector of Singapore and its internationally respected legal industry. It is licensed to trade by Singapore’s Ministry of Law in cooperation with the Financial Action Task Force (FATF), which is leading regulatory reforms across 200 countries.
Gembridge believes in responsible supply-chain management and sustainable business practices. The company is a member of the Responsible Jewelry Council (RJC) and the World jewelry Confederation (CIBJO). Initially, Gembridge will serve the B2B wholesale market, with plans to launch B2C and C2C platforms later in 2021.
“Some US$1 trillion of gemstones, pearls and jewelry are trapped in industry and consumer hands due to the absence of a trusted secondary market,” says Gembridge Chairman, Anthony Brooke. “The industry is ripe for disruption with only a tiny proportion of these precious stones traded digitally each year. The solution is a global digital marketplace where people can trade with trust.”
“Gembridge is a platform that members can trust at every stage of the transaction. Members can list precious stones and jewelry on Gembridge from anywhere in the world and benefit from transaction cost reductions of up to 70%,” says Gembridge CEO, Nick Merrett.
“Adding the talent of our ambassadors to our Gembridge team is crucial in an industry where networking and knowledge are the keys to success,” says Gembridge Head of Business Development, Helen Molesworth. “With their support, Gembridge has a truly global reach as the ‘go-to’ international trading platform for colored gemstones.”
“On the Gembridge platform, you will be able to view all prices, buy from the Showcase, and list your precious stones and jewelry on your own exclusive Storefront, which Gembridge can also design for you, allowing transparent transactions 24 hours a day, 365 days a year, fulfilled and maintained by Gembridge,” comments Joe Menzie.
For more information on Gembridge, please visit: gembridge.com.
