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To: H James Morris who wrote (102898)	5/7/2000 1:23:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

>This newsletter is only sent to accredited jewelry retailers, diamond dealers & DiamondFloor.com members. Interesting! No. Actually these guys are just a B2B venue with no revenue at least from the buy side. Polygon.net has a much larger inventory database and is successful enough to charge the buy side retailer $95/month. I do not know what the fee is for the sell side. The diamond market is a supply/demand equation that hardly varies from the trading of any commodity. Cash is king in this business it has nothing to do with the venue in which one trades. I had a good week in that a diamond dealer needed cash badly and I had some so was able to buy a lot of white eye clean quarter carat rounds at $250/carat. On the open market they cost about $600/carat but on the open market funds transfer in 15 to 30 days. Their bank was not willing to wait. I would have recommended they go to Morgan Stanley and have them do an offshore junk bond offering but they did not have time for that either;-)

To: H James Morris who wrote (102898)	5/7/2000 1:23:00 PM
From: Glenn D. Rudolph	Respond to of 164684

>This newsletter is only sent to accredited jewelry retailers, diamond dealers & DiamondFloor.com members. Interesting! No. Actually these guys are just a B2B venue with no revenue at least from the buy side. Polygon.net has a much larger inventory database and is successful enough to charge the buy side retailer $95/month. I do not know what the fee is for the sell side. The diamond market is a supply/demand equation that hardly varies from the trading of any commodity. Cash is king in this business it has nothing to do with the venue in which one trades. I had a good week in that a diamond dealer needed cash badly and I had some so was able to buy a lot of white eye clean quarter carat rounds at $250/carat. On the open market they cost about $600/carat but on the open market funds transfer in 15 to 30 days. Their bank was not willing to wait. I would have recommended they go to Morgan Stanley and have them do an offshore junk bond offering but they did not have time for that either;-)