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Press Release: IDD and Sandeep Diamond Corporation announced a strategic alliance between the two accomplished market players in their respective spaces of expertise. The merger will bring additional resources that will benefit the current clients of both companies. This partnership results in the creation of a new evolved direction for their customers in the independent jewelry space. “IDD has found a right partner with the similar customer-centric culture in Sandeep Diamond Corp. Their expertise of the consumer, especially in the bridal category and intellectual property in many aspects, is unrivaled. We look forward to welcoming their accomplished independent team of professionals and helping create even more value for our combined clients. Both companies being family- owned, we share a respect and admiration for the family owned businesses in America,” said Alok Mehta, the CEO of IDD NY. Sandeep Shah, the CEO of Sandeep Diamond Corp., said, “IDD’s consistency, service and delivering value in diamond basics are an industry benchmark. We are thrilled to merge our independent jewelry division with IDD and open new sources of collaboration in a new changed consumer and retail landscape. Nothing will change for our customers in terms of the people and how they are being serviced. Sandeep Diamond Corp. will continue to focus on the majors, mid-majors and the departmental stores.”
During the integration process, customers can expect the same high level of quality and service they have come to recognize in both companies. All services will remain fully operational during the integration process at IDD’s NY office. Rapaport News is not responsible for, and does not endorse, the content of any third-party press release. This is not a Rapaport Press Release. It has been provided as additional information for our clients.
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