National Jeweler Network

Market Developments

Diamond co. IDD partners for credit card program

April 16, 2014

Dallas--Loose diamond supplier and jewelry manufacturer International Diamond Distributors is now providing retailers with a private label credit card service they can offer to customers.

Called the “Iddeal” credit card program, the benefits of the service include flexible financing options and payment plans.

IDD is offering the card through Alliance Data Systems Corp., which provides data-driven marketing and loyalty solutions and manages more than 130 private label and co-brand credit programs.

Plano, Texas-based Alliance will provide retailers in the credit card program with marketing solutions designed to optimize cardholder acquisition and retention efforts.

“The Iddeal credit card from Alliance Data offers a convenient way for jewelers to increase sales and purchase size, it’s a win-win for everyone,” said IDD CEO Alok Mehta.

IDD is based in New York’s Diamond District and also has offices and factories in Belgium, India, Israel, China and Thailand.

The company has been in business since 1977 and specializes in serving independent jewelers. It is a major loose diamond and jewelry supplier for retail stores across North America.