The findings reveal that such applications have streamlined procurement and selling processes, improved communication, and increased transparency within the industry. By connecting buyers and sellers across geographical boundaries, these mobile applications have facilitated a more efficient and globalized diamond trade ecosystem. The adoption of these apps has resulted in improved market efficiency, reduced transaction costs, and expanded access to a broader range of diamond inventory. The study also highlights challenges and limitations faced by the industry in fully embracing these apps. The research report provides valuable insights for industry practitioners, policymakers, and researchers interested in understanding the implications of technology-driven changes in the B2B segment of the diamond industry.
The diamond industry is one of the oldest and most traditional industries in the world, with a significant portion of its trade occurring through B2B channels. The B2B trade in the diamond industry involves the sale and purchase of diamonds between manufacturers, traders and retailers, and it is a critical part of the global diamond supply chain.
The B2B trade in the diamond industry faces several challenges, including the lack of transparency, price volatility, and the risk of fraud. The lack of transparency in the industry makes it difficult for buyers and sellers to determine the true value of diamonds, while price volatility can make it challenging for businesses to plan and budget effectively. Additionally, the risk of fraud is a significant concern, with many instances of fake diamonds and fraudulent transactions being reported in the industry.
Denne historien er fra July - August 2023-utgaven av Diamond World.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra July - August 2023-utgaven av Diamond World.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
HOW THE LUXURY SEGMENT IS DEFYING PRICE VOLATILITY
De Beers's and Alrosa's recent price cuts reflect market pressures, but for those willing to adapt, they open the door for innovation and strategic recalibration. Luxury houses such as Cartier and Van Cleef & Arpels exemplify how maintaining pricing integrity and creative expansion can transform challenges into long-term success, finds out Anjana Vaswani
JJS 2024 A Grand Confluence of Heritage and Craftsmanship
This year's Jaipur Jewellery Show (JJS) drew a multitude of global buyers and exhibitors, transforming Jaipur into a dynamic stage that celebrated both the enduring artistry of tradition, and the innovative strides shaping the future of jewellery
India's CBIC Introduces Regulations for Lab-Grown Diamonds: Manufacturing Method Disclosure Required for Trade
Starting December 1, the Central Board of Indirect Taxes & Customs (CBIC) will require all exporters and importers to specify the manufacturing method of grown diamonds during customs declarations, aiming to streamline the processing and inspection of lab-grown diamond consignments.
THE CASE FOR A G7-COMPLIANT DIAMOND VERIFICATION CENTRE IN INDIA
India, the global leader in diamond cutting and polishing, faces mounting challenges due to G7 traceability demands requiring verification through Belgium (Antwerp) and Botswana. Establishing a G7-compliant diamond verification centre in India would streamline operations, reduce costs, and protect the livelihood of millions in the sector, while reinforcing the nation's leadership in the global diamond trade
Diamonds Do Good to Allocate Over $250,000 in Grants for 2025 Initiatives, Including New Programme in India
Diamonds Do Good (DDG), the nonprofit dedicated to supporting positive change in diamond mining and manufacturing communities, has announced it will distribute more than $250,000 in grants in 2025.
A Future Built on Design and Service
By prioritizing storytelling, thoughtful market expansion, and digital adaptability, brands can build lasting connections with customers, while staying resilient in the face of industry fluctuations, says Marin Flavia, Business Development Manager of the European division of Nivoda.
Facets of Fire Unveils New Marquise and Pear-Shaped Natural Diamonds with Revolutionary Sparkle
Facets of Fire has introduced two new diamond shapes to its lineup of natural diamonds: the marquise and the pear.
Aga Khan Emerald Sets World Record, Fetches $9 Million at Auction
The Aga Khan Emerald, set in a Cartier brooch adorned with 20 marquise-cut diamonds, holds a storied past.
NDC Unveils 'Diamonds of Canada' Report, Showcasing Sustainable Practices and Community Benefits
The Natural Diamond Council (NDC) has unveiled its latest report, 'Diamonds of Canada', as part of its ongoing efforts to highlight the responsible practices and positive global impact of the natural diamond industry.
Fabergé Unveils Exclusive 'Beetlejuice Beetlejuice' Egg in Collaboration with Tim Burton
Fabergé has announced an extraordinary collaboration with filmmaker Tim Burton to create a one-ofa-kind 'Fabergé x Beetlejuice Beetlejuice' Egg Objet, inspired by Warner Bros's 'Beetlejuice Beetlejuice.'
