The well-known international diamond and luxury jewelry retailer, Samer Halimeh New York, has announced the company will now start jewel trades and sales in Bitcoin.
Also read: Five Leading Russian Universities Start Offering Cryptocurrency Courses
Luxury Diamond Retailer Samer Halimeh NY Will Accept Bitcoin for Sales and B2B Trading
The luxury diamond retailer headquartered in Knightsbridge, Samer Halimeh NY, has decided to start accepting bitcoin for the jewelers’ retail services and business-to-business (B2B) gemstone trades. The company was created by the entrepreneur, Samer Halimeh, a Lebanese-born American who made his mark as a luxury international jeweler. The Samer Halimeh NY brand has shops in London, Riyadh, and New York. The jewelry store’s founder has also provided valuable trinkets to celebrities such as Elton John, Naomi Campbell, Oprah Winfrey, and the royal families of Saudi Arabia.
The Samer Halimeh firm says they will be using Bitpay for its bitcoin merchant services, and the Atlanta-based company will also help facilitate B2B trades. Samer Halimeh, the chief executive of Samer Halimeh NY believes his shop is one of the first ‘bond street’ diamond and luxury jewelry dealers to accept bitcoin.
“We are the first diamond dealer and ‘bond street’ level luxury jeweler to start accepting and trading using bitcoins,” explains Halimeh. “This is because we have seen rising inquiries for this digital currency from clients, suppliers and trading partners.”
Our high-net-worth clients and contacts are currently holding large quantities of Bitcoins within their investment portfolios and have decided to exchange some of their stock for hard assets such as diamonds, artwork, gold and fine wine.
‘Bitcoin Will Revolutionize the Luxury Goods Marketplace’
Halimeh explains that the company has historically dealt with USD purchases from clients residing in the Gulf and Asian regions. However, over the past 18 months, Halimeh says customers have been acquiring large amounts of bitcoins. Halimeh says an “increasing number of clients” have been asking to purchase goods with bitcoin. According to the jeweler, this trend was especially predominant from VIP customers who buy jewelry costing over “seven figures.”
“Because trading and retailing via bitcoins can be done from anywhere in the world, it is especially beneficial for our suppliers in Africa and our clients from developing countries like China, Brazil, South Africa, Nigeria, India, and Uzbekistan,” Halimeh states.
We also believe that in the future the currency will revolutionize the luxury goods marketplace and the use of this digital currency will make trading and purchases for our clients and contacts easier, cheaper and much faster.
Samer Halimeh NY Might be ‘Bond Street’ Level With Celebrity Clients but Not the First Diamond Dealer to Accept BTC
Even though the lavish Samer Halimeh NY jewelry retailer is a well-known establishment, it is not the “first” diamond retailer and jeweler to accept bitcoin. The large jewelry chain Reeds accepts bitcoin for fine jewelry, diamonds, and watches with over 60 locations in North America. The jewelry retailer, since1910.com, a 5th generation family-owned business also accepts BTC payments for goods and services.
So Samer Halimeh NY may not be the ‘first’ diamond peddler to deal in bitcoin. However, it seems to be the first ‘Bond Street’ level jeweler with celebrity clients to adopt the digital currency.
What do you think about Samer Halimeh NY accepting bitcoin for jewelry sales and diamond trades? Let us know what you think in the comments below.
Images via Shutterstock, Arabian Knight, and the Samer Halimeh NY logo.
Need to calculate your bitcoin holdings? Check our tools section.
Source: News Bitcoin