(PRESS RELEASE) NEW YORK – Liquid Diamonds, a business-to-business diamond sourcing platform for jewelry and diamond businesses, is bringing price transparency and liquidity to diamonds. With the goal of enabling diamond buyers to make quick and easy transactions at fair market value, the company’s state-of-the-art platform also allows suppliers to instantly liquidate their inventory, yielding a win-win for all parties involved.
Founded in 2018 by a triumvirate in the tech world, including Kashyap Mehta, whose family has been an integral part of India’s diamond industry for generations, Mark Molloy, a technologist and inventor, and Chetan Gupta, the company’s Chief Technology Officer, Liquid Diamonds patented reverse auction system (US Patent 7792723) enables wholesale diamond buyers and retail jewelers alike to purchase diamonds to fulfill their orders, while also protecting their margins. Unlike trading platforms such as Rapnet and Idex, Liquid Diamonds ensures diamond buyers achieve the best possible prices from multiple suppliers as they compete for sellers’ business.
Liquid Diamonds key offerings revolve around helping diamond buyers, whether in wholesale or retail businesses, to source the right diamonds at the right time at the best possible price. Specifically, the platform’s highlights include:
- Reverse Auction – Using a patented technology, suppliers compete for diamond demands to give buyers the best prices.
- Data Driven Diamonds – Broader market trends are combined with internal company data to reduce inventory cost, increase turn and liquidity.
- White Glove Service – A one stop shop for quality control, consolidated shipments, single window payments and returns.
“We are bringing price discovery to the forefront of the diamond market using a revolutionary patented auction technology,” explained Kashyap Mehta, the company’s CEO. “Liquid Diamonds was established to help jewelry manufacturers, wholesalers, and retailers alike to easily trade on a single platform, buying and selling diamonds at fair market value. This process has been convoluted and secretive for too long. The future is about price transparency.”
About Liquid Diamonds
Liquid Diamonds is a NYC-based technology startup in the diamond industry that offers a B2B sourcing platform for diamond and jewelry businesses. Our mission is to bring price transparency and liquidity to diamonds to enable diamond buyers to buy quickly and easily at fair market value and suppliers to liquidate their inventory instantly. For more information, visit www.liquid.diamonds.
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