DIA ANALYTICS LLP

In their own words

Problems people face: Diamonds have been there for centuries. But, it is still said that no two diamonds are the same. That means, each diamond is different from another and so its price too. There are various parameters which determine the pricing of Diamonds like shapes (Round, Pear, Princess, Emerald, Oval, etc.) colour, clarity, cut, polish, symmetry, fluorescence, etc. which make them different from another and unique. Apart from this, being a luxurious product, the diamond market has become so dynamic, that the prices keep changing very frequently. Due to such versatility, Diamond pricing is very very complicated. Even a person who may be dealing in diamonds for many years may still face challenges while valuing a diamond. Our Mobile Application CARATRATE is an endeavour to facilitate those organizations / persons to price a polished diamond or to buy rough diamonds. Solutions we provide: We have made a Mobile app called ‘CARATRATE’ for solving this problem. In CARATRATE, we have a vast database of 720 million possible combinations to price a diamond. Yes, you read that right, 720 million combinations! CARATRATE is a combination of such a vast database, algorithms and calculations which gives a near accurate price of a diamond, which one can use to buy or sell a diamond. This app can be used by Retailers/Manufacturers to ensure that the price of the diamond they buy is correct and that they have not overpaid for the diamond and it can be used by mines to ensure they sell rough diamonds at a correct price. CARATRATE is available on the app store and the play store. A User can search prices from ANYWHERE in the world like while buying a rough diamond from a mine in South Africa or Russia or while buying from a factory in Surat, India or somewhere in China or selling a diamond while sitting in Hong Kong, Antwerp or USA. Along with the app, user can use various integration tools to get prices directly in their software and use the information in further decision making. Our Uniqueness: No such app like CARATRATE exists in the world. This is the first time anyone has tried to address this problem of Diamond pricing. CARATRATE prices are so accurate that many companies have started following these prices for their business decisions. Our system is updating prices round the clock and keeping it as per current market prices so that the user does not need to worry about the accuracy. Along with that, our app is designed in such a simple way that in few inputs users can get results. Whether the user is in South Africa or Russia, factory located in India, China or Israel or sales office in Mumbai, Hong Kong, Antwerp or USA, our app gives extra-ordinary flexibility and accuracy This app can be used from anywhere in the world and can be used on the go. It can be even used in auctions while bidding for diamonds. This application has the potential to save millions of dollars for Manufacturers/Traders etc. With the help of API integration users can get our prices in their custom software and it becomes very easy for them to buy/sell diamonds anywhere in the world. http://www.caratrate.com/site/home/page#

Written by the company on its public Startup India profile. Not verified by us.