RAPAPORT... Goldenwest Diamond Corporation, which conducts business as The Jewelry Exchange, The Jewelry Source and The Jewelry Factory, announced that it was negotiating a financial interest in long-time partner EZ Diamonds. Goldenwest stated that the companies' principals first met in 1987 and have a close personal relationship. Goldenwest had been actively seeking a major new investment for nearly three years.
Goldenwest defined EZ Diamonds as an impressive, well-run company with many international holdings which would provide new vertical integration for the retailer. While EZ Diamonds will continue providing diamonds to Goldenwest, existing relationships and purchasing volume with other vendors should not be affected, according to the retailer.