Listen Now: A Diamond’s History
Diamonds are forever and so is their history.
Marc Fink is CEO and chairman of Fink’s Jewelers. I recently spoke with him about the issue of conflict diamonds and online sales. Conflict diamonds are mined in war zones and sold to finance a warlord’s activity. Fink says all reputable jewelers are part of the Kimberly Process which requires every person in the supply chain to certify their diamonds conflict free. A process that will be notified in a customer’s invoice. Fink says a reputable jewelry store is always a safe bet but today a lot of people are going online.
I think you can buy on the internet and I think you can buy successfully on the internet but I think it’s much harder to really know what you’re buying and to really know what the quality of the diamond is. It’s sight unseen you don’t have a professional holding your hand through the process you can get a good deal that way but I recommend getting it from a reputable person in person.” Looks like size isn’t the only thing that matters.
CBS News Radio national business journalist Brian Banmiller has spent more than 40 years in the news industry, covering business, politics and the economy on television, radio and in print. Currently, his “Banmiller on Business” reports are delivered to an audience of millions nationwide.