| Click on this Link to get your Price List:
http://www.DiamondWholesaleCorporation.com/FindyourDiamond.html
 Toronto, ON., September 19th. 2005
The Diamond Wholesale Corporation ranked # 27 as one of Canada’s Emerging TOP 50 Growth Companies in the sixth annual PROFIT HOT 50 ranking. The PROFIT HOT 50 is the definitive ranking of Canada’s emerging growth companies. Published in the September 2005 issue of PROFIT and online at PROFITguide.com, the PROFIT HOT 50 ranks young firms by two-year revenue growth.
“The PROFIT HOT 50 recognizes entrepreneurial ambition and managerial excellence in Canada,” says editor Ian Portsmouth. “These companies have succeeded by meeting emerging market needs, creating better ways to do business and never hesitating to expand beyond our borders.”
Diamond Wholesale Corporation's President & CEO, Patrick J. Boening (middle), receives the HOT 50 Award from PROFIT Publisher, Deborah Rosser (left) and PROFIT Editor, Ian Portsmouth (right).
The Diamond Wholesale Corporation is the first Diamond OnLine Firm in North America to receive this prestigious award.
The Diamond Wholesale Corporation (aka DWC Inc.), was incorporated in Richmond Hill, January 2001 by Patrick J. Boening with a vision of delivering superior Diamonds and Diamond Jewelry via the Internet. Market research revealed that customers are willing to purchase over the Internet if price, quality, and service, is better then what they experienced at their local jewelry stores. With a strong background in Gemology, Diamond Cutting and Diamond Wholesale, DWC Inc. has become unbeatable in its consulting services and price policy. Today DWC Inc. has an impressive client base including Hollywood celebrities.
In 2005, DWC Inc. expanded its facilities and added an Office in Germany (Cologne) and has launchet its new, German web site http://www.Diamantfachhandel.de
DWC Inc.’s attributes its rapid steady growth to the pursuit of their original vision in delivering the best services, highest quality diamonds, and the lowest prices available, enabling clients to purchase for the same price as their jewelers do.
PROFIT: Your Guide to Business Success, offers news, strategies, tips, interviews and other resources to the CEOs of Canadian growth companies. Each year PROFIT, which currently reaches more than 400,000 readers nationally, hosts a number of events that bring together business leaders in the fast-growth segment and champions the interests of those leaders. PROFIT was founded in April 1982 as Canada’s first national magazine geared to entrepreneurs.
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Good news for Canadian Jewelry and Diamond buyers!
Canadians are known to pay more taxes then US citizens. One of the Canadian taxes is called “EXCISE TAX” and is comparable to “LUXURY TAX”, that other countries around the world collect. The excise tax on Diamond and Jewelry in Canada was until February 24th. 2005, 10%. Most consumers did not even know that they pay excise tax on these items, simply because the Jewelers build the 10% in to the basic price and showed only the other two taxes GST(- Federal Sales tax 7%) and PST (-Provincial Sales tax 8%). Manufacturers, Wholesalers and Jewelers asked many times to have this tax eliminated. Finally, the Canadian government agreed. Naturally, Ottawa will not eliminate the 10% immediately and at once, but is willing to gradually (in a total of 4 years) “phase out”, what brought so much trouble to the Canadian Diamond and Jewelry Industry.
Here is, how it woks:
We hope that the Canadian Public will not wait until March 2009 with their Jewelry and/or Diamond purchases. We also hope that all Canadian retailers, have reduced already the 2% and will keep reducing until 2009 as the above plan shows.
DWC Inc., the Diamond Wholesale Corporation and his agents will naturally reduce the sales prices accordingly.
Patrick J. Boening
CEO and President
DWC Diamond Wholesale Corporation
DIAMONDS DISCOVERED IN BULGARIA
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Diamonds have been recovered for the first time in Bulgaria says Doctor Harizan Harizanov, a lecturer at the New Bulgarian University, reports the Bulgarian press.
Harizanov says that the diamonds were discovered in the area around Kardzhali, a town in Bulgaria's far south.
Bulgaria mines ferrous and nonferrous metals, mineral fuels (mainly coal), and industrial minerals as clays, gypsum, and rock salt, though the country’s minerals industry is small on a global scale and only of regional importance.
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PRESS RELEASE
Published: February 11th. 2004 |
Diamonds on the Internet!
A new and better way of shopping for your diamond and jewelry!
How safe is diamond and jewelry shopping on the internet? What do you need to know! An interview with Patrick J. Boening, President & CEO of the Diamond Wholesale Corporation, aka: DWC Inc. One of North America's top firms in the diamond-online and wholesale business. (http://www.DiamondWholesaleCorporation.com)
February 11, 2004-- Interviewing Patrick J. Boening, President and CEO of the Diamond Wholesale Corporation (DWC Inc.).
Q: More and more people decide to purchase their diamonds online. DWC Inc. could improve its online sales by an impressive 83%, how come?
A: Price, Quality, Variety, Availability and good Customer Service. The confidence and trust in online diamond firms grow over the last years enormously, as most online businesses did. This is the 21st century; you don’t have to spend hours in jewelry stores only to be shown a medium quality diamond, in dimmed light for a ridicules price. Then you need to compare and run to the next store to start the whole process over and over again. A tiring, long and expensive way to do business. Retail stores will not give prices over the phone. They need you trapped within their environment. They have to sell you what they have on stock rather then what is available on the market. Remember, when you purchase a diamond or a piece of jewelry in a store, you pay for everything, the expensive location, the beautiful and costly store decoration, sales and security staff etc. etc. The price differences between online and store can easily be 50 to 70 %. On the other hand, jewelers are spoiled and hate the internet. It is like a secret leaked out. Did you ever wonder why jewelers did so well and whenever you passed by the store, their is hardly customer traffic? The smart and educated client with access to the internet realized all that.
Q: Isn’t it to risky to purchase such expensive items over the internet, and how can one minimize that risk?
A: I have never heard of an internet diamond firm that "ran off" with the client’s money. That would be a one time action. The internet is the fastest media in the world, such actions would be known and spread in hours, around the world and this company would be black listed forever. Surely you should not trust anyone just because they have a web site. If you keep these 9 rules, your purchase will be safer then in most stores:
Rule # 1: Trust a web site (company or organization) only if they publish on their web site, the full businesses address (not only a PO. Box) and phone number. If they don’t, they have a reason. Many web sites are owned by the same company or person and would show the same address and phone number.
Rule # 2: Check their references (Testimonials) and talk to existing clients. You will quick find out if they are real or made up.
Rule # 3: Check the professional trade networks and organizations, in the diamond and jewelry field: JBT (Jewelers Board of Trade), Polygon, Rapaport Network etc. If they are not registered there, they are no professionals.
Rule # 4: Check with your local BBB (Better Business Bureau). This is usually one of the first organizations that will receive a customer’s complaint.
Rule # 5: Make sure the company you are dealing with gives a full money back guarantee of at least 5 days. This will give you enough time to have the item checked by a professional (Gemologist/Appraiser) of your choice.
Rule # 6: Always choose the appraiser / gemologist yourself. Never let the salesperson recommend one. If the firm recommends an “independent” appraiser or sends the item (s) to an “independent” appraiser/gemologist of their choice, rest assure, that they are in cahoots. (If you have to sign a contract, would you ask the other parties lawyer for advice? Or would you hire your own lawyer?)
Rule # 7: Don’t be blinded by photos of diamonds. In most cases the are very misleading. Everyone who understands a little about photography knows that, photos are totally worthless. You need the scientific facts of the diamond, which are written in the Diamond Report, or Certificate. The more details you get the better. AGS (American Gemological Society) provides at the moment North Americas top certificate. It will mention details of cut that are most important and unfortunately most ignored. Crown angle in degrees and height in percent. Pavilion depth and girdle thickness. AGS is as tough as GIA (Gemological Institute of America), but gives you much more scientific details.
Rule # 8: If you found your stone, go for it! Don’t wait too long because this diamond could be sold to someone else and you have to start all over again. There are no endless supplies on diamonds in every size, shape, clarity and color out there. Like with most things in life, you often have to compromise.
Rule # 9: Compare apples with apples! When you compare one diamond and it’s price with another, hold both certificates (print out the copies that you get via e-mail) next to each other. Look at all the facts and compare, consult the gemologist if data is not clear or you need advice. Comparing one company and their prices with another, take in consideration if taxes, insurance during transport and shipping are included, is any extra cost involved, certificate, appraisal etc., or does it all come as a complete package?
Q: What will the New Year (2004) bring the Diamond Online Industry?
A: Growth! We expect a minimum total growth of 37% this year for the diamond online firms. The Diamond Wholesale Corporation (DWC Inc.) invested heavily and increased customer service as well as keeping the prices at the lowest level possible in order to insure satisfied clients.
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U.S. House Approves 'blood diamonds' Legislation
From the International Herald Tribune of Thursday, April 10, 2003
The U.S. House of Representatives has overwhelmingly passed a bill aimed at regulating the international trade in rough diamonds that fuels rebel activities in Africa. The Senate is due to move forward on a companion bill to the Clean Diamond Act. The two pieces of legislation then will need to be made into one and finally signed into law by President George W. Bush.
The House bill, which passed by a vote of 419 to 2, seeks to finalize the structure of the so-called Kimberley Process to oversee diamond trade between nations and individuals worldwide using certificates verifiable at the government level. Fifty-two countries announced last November that they had formally adopted the Kimberley Process, which was started in South Africa in 2000 and is supported by the United Nations. Forty-six countries said then that they would implement the plan Jan. 1, and a further six countries pledged to set it up by the end of this year. Conflict diamonds have been linked to civil wars in Sierra Leone and Angola. The rebels use forced labor to mine diamonds, then sell them to buy weapons.
The U.S. Customs Service has said it will monitor the diamond trade and fine anyone violating the ban. Representative Christopher Smith, Republican of New Jersey, asked the agency to look into whether some countries participating in the Kimberley Process still trade in conflict diamonds. Lawmakers also argued that blocking trade in illegitimate diamonds would cut off financing to international terrorist groups. The Treasury Department suspects that terrorists are moving their assets into commodities like diamonds as they are forced out of the traditional banking system. "If somebody can just take a sock full of illegal diamonds," said Representative Vic Snyder, Democrat of Arkansas, "put it in their pocket, walk onto a plane, they have an ability to move wealth all over the world to bribe, to buy weaponry, to buy explosives."
Please note: The Diamond Wholesale Corporation (DWC Inc.) fully supports the US. Legislation!
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PRESS RELEASE Published October 24th. 2002
North America's #1 Diamond Wholesaler goes public! Every resident in the
US, can now purchase Diamonds for the same price as their local jewelers.
Sometimes-even lower! No sales tax, no shipping charges, no hidden charges.
The reasons that diamond wholesalers sell to the public.
Private clients could never before shop for a diamond so inexpensive.
According to the Corporations President and CEO, Patrick J. Boening: "It
was necessary to open new markets and rethink the concept of diamond
wholesale". The strategy of direct marketing is not new. Many manufacturers
in most areas of trade have been doing it successfully for years. In the
diamond trade, monopolist DeBeers has begun to sell to the public. What is
different with the Diamond Wholesale Corporation? DWC has NO RETAIL MARK UP's!
The price that retail stores or jewelers pay is the same price that the private client will pay.
This, has never been offered before.
Today retailers and jewelers, ask for payment conditions like 30 days,
60 days, 90 days and even 120 days. That means that the wholesaler or
producer of the diamond has to wait up to 120 days for payment. The
board of directors decided to continue with the distribution to merchants but
shift at least 50% to the private (direct) market.
Naturally, the retailers do not like it very much, but the public loves it
and the feedback DWC Inc. is getting, is unbelievable. DWC Inc.
dedicated a whole web site to the public, where everybody can get a professional
gemologist to search for individual diamonds. (Free of charge) Clients will get
professional advice; they will receive a copy of the certificate and
examine it before closing the deal; they will receive an international
appraisal with no extra charge; shipping and handling within the United
States is free and there will be no taxes or hidden costs. Last but not
least, there is a 7 day full money back guarantee, beginning on the day
the client receives the diamond. This will allow ample time to have
the diamond examined by a professional appraiser or gemologist.
DWC Inc. recommends having this done by an independent
gemologist/appraiser of your choice, not by a jeweler. Most jewelers are
not gemologists, but are highly qualified and specialized business
people. Many are good designers and goldsmiths, but their knowledge and
experience in gemology may be limited. The grading and judging of a
diamond should be left to professional gemologists. To further protect
the client from possible conflict of interest, an independent gemologist
will give an unbiased appraisal, based solely on the quality of the diamond.
Is the Diamond Wholesale Corp. the only wholesaler on the "Direct
Market" today? No, but they have the best prices and offer the best customer
service.
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