The Solution

With our patented reverse auction technology, we were able to put hundreds of smaller and medium-sized diamond suppliers into competition with each other, ensuring that our client was able to access the long tail of supply and get the best prices. Our team constantly monitored the diamonds available from suppliers' inventory, giving our client first dibs on the stones they needed. This meant that our client could reduce their need to keep a large inventory ready for the retailer, as they were able to source diamonds just-in-time for the order.
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$20M+ of certified natural diamonds bought for program order

Our partnership has been a huge success. Liquid Diamonds has delivered over $20M worth of certified natural diamonds to this jewelry manufacturer for this big-box retailers’ program order. We have become the de-facto buyer for this program in India – where diamond manufacturers rely on our QC team to know market prices for this order, enabling our client to control the market on diamonds that fit this program order.
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Protecting Margins: Using our reverse auction platform and by sourcing for a multitude of suppliers, we are able to buy a large quantity of diamonds without moving the market and therefore protecting the jewelry manufacturer's margins. Also, by spreading the purchase over a period of time, we ensure that we are not overheating the category.
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QC and Delivery Process: Our QC team physically inspected each diamond based on the specific requirements of the order and gave a third-party approval. We also consolidated the stones from multiple suppliers into a single shipment, and provided a single window for payment, delivery, and returns. Our partnership has enabled the jewelry manufacturer to streamline their diamond sourcing process and reduce their overhead costs.
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