Profile: Online Diamond Retailer

Globe and Mail reported on Vashi Dominguez and his business diamondmanufacturers.co.uk, which has seen success by partnering with major players in the diamond industry.

As quoted in the market news:

The diamond industry is notoriously tough to compete in, populated by major players and allowing very small margins, but Mr. Dominguez was determined to give it a go….

He started out by wholesaling to jewellers and other dealers, quickly ran into credit problems, and created negative cash flow. Hardly a sustainable business model. He soon realized that selling online meant consumers had to pay directly, and with longer terms to pay suppliers his negative cash flow turned positive.

Click here to read the full Globe and Mail report.