Dubai-based Gemgow, a new online platform designed to facilitate trade in precious stones and materials, has announced that prominent Canadian businessman and world-renowned investor Boris Birshtein is investing in the company.
Gemgow, however, did not disclose Birshtein’s total investments in the company.
A businessman with vast international experience, Birshtein was one of the first to build bridges between the emerging economies of old Soviet Republics and the strong, economically developed countries of the West.
An ‘old-school businessman’, Birshtein - the former chairman of Seabeco, an investment and trading company - is clued in with the modern trends and sees Gemgow as a blend of the traditional sphere of trading precious stones with the latest technologies and tools.
Developed by NY Koen Group in Dubai, in 2017, the e-platform allows users to trade in diamonds, emeralds, rubies and other precious stones in rough and unprocessed formas well as other polished stones.
The value of stones currently available on the platform exceeds $100 million. It is expected that newly formed partnership will encourage growth of Gemgow platform and further increase it’s worth value on the market.
Founder and CEO Naum Koen said: "The main objective of Gemgow platform is to create a focused virtual space where investors and companies in the gem and jewellery sector can engage in profitable trade relationships, irrespective of location or language."
NY Koen Group is a group holding of companies with diversified experience across sectors related to precious stones trading, jewellery design and retail and IT.-TradeArabia News Service