Ice.com buys diamond.com.(Brief article)

Jewelers Circular Keystone,  July, 2006  by Bates, Rob

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Ice.com, a Montreal-based, mostly mass-market Internet jewelry site, has purchased diamond.com, the domain and site previously owned by odimo.com.

Ice purchased Odimo's rights to the domain name www.diamond.com and related trademarks for $7.5 million, and diamond and jewelry inventory and related packaging for another $2 million.

The transaction comes shortly after Ice completed an external financing round from the venture capital firm Ignition Partners.

Odimo also announced that Alan Lipton will step down as president and chief executive officer. He will remain as chairman ...

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