Sourcing of rough in India through online tender system helpful amid COVID situation

Dinesh Navadiya, the Regional Chairman (Gujarat Region) of The Gems & Jewellery Export Promotion Council (GJEPC) of India has been appointed the President of The Southern Gujarat Chamber of Commerce & Industry (SGCCI). He is also...

30 november 2020

Cultivating demand for natural diamonds

CIBJO, the international jewellery confederation, hosted a webinar last month on cultivating demand for natural diamonds. CIBJO had been holding a series of webinars on the impact of the COVID-19 pandemic. The webinar examined ways to cultivate demand...

23 november 2020

Deljanin and Simic: We do not think laboratory diamonds are threat to natural diamonds

Gem and jewelry industry experts Branko Deljanin and Dusan Simic have completed the 3rd edition of their best-selling book, Laboratory-Grown Diamonds - Information guide to HPHT and CVD-grown diamonds. Deljanin and Simic are diamond researchers with...

16 november 2020

Kapu Gems: Limited diamond manufacturing increases demand

After completing the commerce degree B. Com, Kalpesh D. Vaghani ventured into the family business. His understanding of the market, diamond intricacies and the global standards technology utilization helped him create a niche for himself. An entrepreneur...

02 november 2020

Chris Del Gatto: “We provide capital to smart companies”

Chris Del Gatto, CEO & Co-Founder of DELGATTO Diamond Finance Fund L.P., a New York-based non-bank lender to the diamond and jewelry industry, started his career as a diamond cutter when he was just 17. In his early 20’s, Chris went on to co-found...

26 october 2020

UNI Diamonds, IDEX create the first fully-transparent price guide for the natural polished diamond industry

11 september 2020
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Image credit: UNI Diamonds

UNI Diamonds, a fintech company focused on building a global marketplace for diamonds, has announced a strategic relationship with a leading diamond price organisation and IDEX (International Diamond Exchange) to create the first fully-transparent and unbiased price guide for the natural polished diamond industry.
The Diamond Price Guide provides up-to-date wholesale market prices guidance. It is based on the diamond inventory data collected by UNI from international manufacturers and wholesalers, the IDEX diamond price list as well as on diamond search data that shows what buyers are looking for and what they are willing to accept.
To meet the privacy requirement, UNI partnered with QEDIT, a World Economic Forum Technology Pioneer and a leading provider of Privacy-Enhancing Technology (PET) solutions.
Mahiar Borhanjoo, UNI CEO, said: “The Natural Diamond Price Guide uses highly advanced technology to bring full transparency to diamond price guidance. This technological collaboration will enable us to provide an accurate picture of the market trends using real data provided by the diamond industry.”
Jonathan Rouach, CEO of QEDIT, said:” The privacy assurances we can offer, backed by such Privacy-Enhancing Techniques as homomorphic encryption and zero-knowledge proof cryptography, will enable sensitive price data to be handled and processed in a regulatory-compliant environment that guarantees data integrity and protects the commercial interests of every participant in the network."
Ehud D. Cohen, IDEX SA Chairman, commented on the announcement: "IDEX is proud to be part of the group that shares its data for the benefit of the industry."

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough&Polished