Reduce Inventory Costs
With diamonds, inventory costs can be a significant expense for any company. By using data-driven insights, we can help you optimize your inventory by buying the right categories of diamonds at the right time. This reduces the cost of holding inventory and not only helps to improve your bottom line, but it also improves the efficiency of your inventory.
Increase Turn
Data Driven Diamonds improves the liquidity of your diamond inventory. When you price your diamonds well, you not only increase the chances of selling your diamonds faster but also ensure that you are not leaving money on the table. This helps to improve your cash flow and provides you with the flexibility you need to invest in other areas of your business.
Strong Pulse of the Market
With constant changes in the diamond market, it can be challenging to keep up with the latest trends and shifts. However, by benchmarking current programs against market prices using our bid/ask spread data, our trend analysis tools give you a strong pulse of the market. This helps you to make more informed decisions about your diamond inventory and stay ahead of the competition.
Spot Opportunities
Data Driven Diamonds helps to reduce blind spots that might otherwise be missed. Our recommendation engine spots the best opportunities available in the broader market. We also help wholesalers who are looking to buy a volume deal with a single supplier to identify the best value stones from within the supplier's inventory. We look at several data points from the market as well as what’s moving well in your inventory to recommend how to replenish your stock.
Be Ahead of the Curve
Often times, we make a well-thought decision based on data but by the time we act, we’re too late as the market has already changed. Liquid Diamonds uses AI and Machine Learning on supply, demand and price data of tens of millions of diamonds in the market to predict price and supply trends. This helps you stay ahead of the curve by identifying areas where you can improve your inventory planning. Also, we constantly keep eye on what’s available in the market to ensure you get first dibs on stones relevant to you.
Risk Mitigation
Data Driven Diamonds provides you with an audit trail of all transactions. With a clear record and market comparison of all transactions, you can reduce the risk of errors and potential fraud. This helps to ensure that every decision is based on accurate data and actionable insights.
