The new facility is expected to open later this year
Two Dallas-based jewelry businesses are partnering to establish a new diamond cutting facility to serve retail and wholesale clients.
The Diamond Doctor, the jewelry wholesaler and retailer, and Southwest Diamond Cutters, the diamond cutting company, plan to open the new facility later this year. The Dallas facility will house 14 diamond cutters who will produce polished diamonds from rough stones and refurbish and recut diamonds.
“I have always believed that being a vertically integrated diamond business ultimately benefits the consumer,” said David Blank, owner of The Diamond Doctor. “This new venture will allow us to manage the diamond cutting process, minimizing third-party costs. Ultimately, the consumer will benefit by being able to buy high-quality, lower-priced products.”
The cut diamonds will be sold by The Diamond Doctor wholesale and at its retail location.
“We are excited to join with David Blank, who has an outstanding reputation in the industry, to expand our services nationwide,” said Ashley van Crevald, owner of Southwest Diamond Cutters. “This is a great opportunity for us to better serve the industry and represents an important addition to the local business community.”