China Securities Journal, 2/27/08
Online diamond retailer 9Diamond has announced today that it has landed over USD 10 mln in venture capital from Kleiner Perkins Caufield & Byers (KPCB), Qiming Venture Partners, Zero2IPO, and US-based online diamond trade firm Rapaport. The company added that, when the time is right, it will pursue a domestic IPO.
9Diamond was established in March 2005 and has achieved compound growth of 300% over the past three years. Products sold by the company are 30% - 70% below the average market price.