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SourcingApr 21, 2015
Fire Polish to open factory in New York
The diamond company plans to open the facility in the Big Apple by year’s end and has signed a licensing agreement with Cal Tech University for “nano prisms.”
New York--Diamond company Fire Polish is aiming to open a factory in New York by the end of the year and has signed an exclusive license that allows them to put diffraction gratings on the surface of a diamond.
The brand announced Monday that it has inked an agreement with Cal Tech University that will allow it to cut “nano prisms”--another word for diffraction gratings--on the pavilion of diamonds, increasing the dispersion and scintillation of the stone without changing the stones 4Cs, including carat weight.
Fire Polish said the difference the diffraction gratings make can be seen by the naked eye, “without any of those awkward tools or viewing devices.”
The company also said it is building a factory in New York City that will have a soft opening in the fourth quarter of this year and be in full operation by January 2016.
“By having the exclusive patent licenses and our own factory, we (will) be able to guarantee an uninterrupted supply of Fire Polish diamonds for the first time,” said Fire Polish Chief Operating Officer Roberto Goldstein.
President and CEO Glenn Markman said Fire Polish, “will continue to change the way consumers look at and ultimately buy their diamonds and diamond jewelry,” calling the brand a “game changer.”
“By having both the exclusive manufacturing license and the exclusive distribution rights we will have complete control of the Fire Polish brand for the first time,” he said.
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