Loose Diamond Traders

For loose diamond traders, there are different challenges faced in Solitaires & Parcels. In the Solitaire business, grading stones accurately with genuine multiple opinions of graders is the best way to gain accuracy & empower the owners to make timely purchase decisions. This is difficult in the absence of a well designed process. Also periodic rate fluctuations of standard Rapaport rates affects their inventory which needs to be analysed to maximise profits of slow moving inventory. Parcels are mixed with each purchase and the packets purchased themselves have multiple quality and sizes. Tracking & knowing the actual cost of packets is a complex task which makes it difficult to know when the break-even point has been achieved to enable selling more agressively. In the absence of strong systems, dead-stock mounts and purchase decisions are progressively more difficult with growing business.

Our Loose diamond solution tackles the above problems gracefully and efficiently by providing:

  • RFID based Solitaire & Parcel management
  • Complete certification & assorting management with links to GIA & other sites
  • Online management of transfer of stock to the marketplace like Rapaport etc
  • Exhibition and multiple branch handling with multiple currency accounting
  • MIS reports and analytics to increase profitability and business efficiency.