The Diamond Dealers Club (DDC) of New York has concluded an agreement with the TransGuardian high-security shipping and logistics company that will let DDC members being able to ship packages of diamonds and jewelry at preferred rates using what has been called a Concierge Shipping Service.

Under the terms of the agreement, TransGuardian will:

• Organize a credit risk insurance policy for transactions managed through the DDC's Bonded Trading System.

• Set up a package drop off and receiving kiosk near the entrance to the DDC trading floor on the 10th floor of 580 Fifth Ave.

• Provide a means of managing return shipments from web traders to the DDC, as well as return shipments between web traders and the Gemological Institute of America and other gem labs.

• Assist the DDC in setting up a Patriot Act Compliance Secure

Trading Zone. All transactions within the system will be checked against worldwide governmental anti-money laundering and anti-terrorism check lists.

In addition, TransGuardian says the DDC Concierge Shipping Service will provide savings of an average of 30% or more on insured freight rates worldwide.



"This new set of member services is an important step in our program to expand the range of facilities being offered by the DDC to the American diamond and jewelry trades," said Moshe Mosbacher, DDC president.



"TransGuardian is delighted to be associated with the Diamond Dealers Club," said Jim Moseley, TransGuardian's president and CEO.