Ice.com Raises $47 Million

Ice.com, an online retailer of diamonds and fine jewelry, has raised $47 million in new VC funding led by Polaris Venture Partners.

The news was first reported by InternetRetailer.com, and later confirmed to peHUB by Alan Spoon, a Polaris partner who will join the Ice.com board of directors. A formal press release is expected tomorrow. Ice.com was founded back in 2001, and raised initial funding from Idealab.