SUNRISE, FL – Odimo, an online retailer based in Sunrise, has sold its diamond and jewelry business, including the domain name www.diamond.com, for $7.5 million to Ice.com, an online diamonds and jewelry retailer. Ice also purchased Odimo’s remaining diamond and jewelry inventory and corporate packaging for an additional $2 million.

Odimo also announced that Alan Lipton will step down as president and CEO, but will remain as chairman of the board of directors. COO Jeff Kornblum has been named as president and CEO.

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