{"id":24430,"date":"2020-08-18T18:59:03","date_gmt":"2020-08-18T13:29:03","guid":{"rendered":"https:\/\/www.fatbit.com\/fab\/?p=24430"},"modified":"2025-11-17T12:45:38","modified_gmt":"2025-11-17T07:15:38","slug":"online-diamond-and-jewelry-industry-solutions","status":"publish","type":"post","link":"https:\/\/www.fatbit.com\/fab\/online-diamond-and-jewelry-industry-solutions\/","title":{"rendered":"Online Diamond and Jewelry Industry: Solutions, Integrations and Potential Scaling Options"},"content":{"rendered":"

Diamond and Jewelry industry in the online space has tremendous potential and growth opportunities. From Tiffany\u2019s diamond earrings to Zales jewelry design, retailers worldwide are prospering online with their luxury product line-up. Tree Hut, for instance, with an annual growth rate of around 67% became the fastest growing online jewelry retailer in 2018 closely followed by GemSelect.com at 52%.<\/span><\/p>\n

\"Fastest-Growing-Jewelry-Retailers1\"Source: DigitalCommerce360<\/p>\n

As the majority of jewelry and diamond retailers realize the importance of an eCommerce store, it is the perfect time to invest and cash-in.<\/span><\/p>\n

Industry Segments<\/b><\/h2>\n

Business-to-Business (B2B)<\/b><\/h3>\n

From lab-grown diamonds to certified jewelry items, trading luxury products require a structured and holistic approach. As manufacturers, distributors, and vendors look for a transparent and trusted trading environment, an online B2B marketplace with niche-specific features is a perfect platform to connect. It leverages trade logistics cost delivering a secure environment with maximum growth opportunities. A recent survey by <\/span>DigitalCom<\/span>merce360<\/span> suggested that nearly 75% of B2B sellers have planned to launch an eCommerce marketplace by 2020. As sellers are keen on investing online, it is the perfect time to start a B2B marketplace for the jewelry and diamond industry.<\/span><\/p>\n

Business-to-Consumer (B2C)<\/b><\/h3>\n

Like B2B, online B2C marketplace for the diamond and jewelry industry also offers significant growth opportunities. For instance, Amazon – the retail giant claims nearly half of overall online jewelry sales in the US. As retailers look for growth opportunities, starting a B2C marketplace can be a great investment idea.<\/span><\/p>\n

Scaling Options<\/b><\/h2>\n

Diamond and Jewelry industry is huge with tremendous scaling options available for everyone. Below we\u2019ve highlighted the five prominent scaling options:<\/span><\/p>\n

1. Marketplace<\/b><\/h3>\n

\"Online<\/p>\n

A unique and dedicated multi-vendor marketplace for the diamond and jewelry industry is a rare entity with a handful of marketplaces currently existing. <\/span>UNI Diamonds<\/a> (<\/span>Powered by FATbit Technologies) for instance, is a niche-specific B2B diamond trading marketplace for polished diamonds<\/span> with a complete logistical solution<\/span>. Such marketplaces seamlessly connect manufacturers, buyers, and vendors to digitally search, compare, and buy polished diamonds after verifying the essential information.<\/span><\/p>\n

Developed by FATbit Technologies, <\/span>JTC – Jewelers Trade Center<\/span> is another unique yet dedicated online marketplace for the jewelry industry. It enables retailers, wholesalers, manufacturers, and even small jewelry business to list their inventory and get attention from the buyers. The marketplace has a 5-star feedback system – a first in the jewelry industry. <\/span><\/p>\n

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Kick-start your online diamond and jewelry marketplace with FATbit Technologies<\/h2>\n<\/div>\n
Consult the Experts<\/a><\/div>\n<\/div>\n
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2. Ecommerce store<\/b><\/h3>\n

From Tiffany & Co to Zales, there are several exclusive jewelry and diamond retail chains witnessing growth with their eCommerce stores. Zales, for instance, <\/span>aims to increase its jewelry sales<\/span> with a mobile-optimized eCommerce store. The team recognizes the eCommerce site as a potential platform to address consumer needs on the go.<\/span><\/p>\n

Another fine example is <\/span>Forevermark<\/span> – a popular diamond firm and a subsidiary of De Beers Group currently operating in 32 international markets. With a consumer-centric website, the brand offers an exquisite range of diamond collection and custom ring design options.\u00a0 As more jewelry brands and local retail stores look for means to grow, starting a B2C eCommerce store like Forevermark (with attention given to details) is the perfect platform to invest. <\/span><\/p>\n

3. Mobile app<\/b><\/h3>\n

Smartphone applications are convenient, highly productive, and a potential scaling option for a diamond and jewelry industry if developed right. Launching a mobile app will help you reinvent the diamond business and here\u2019s how:<\/span><\/p>\n

Manage day-to-day operations<\/b> – Imagine a B2B diamond business with separate offices for manufacturing, mining, sales, and other processes in different parts of the world. A dedicated mobile app can help connect teams at different locations with real-time communication.<\/span><\/p>\n

Personalize jewelry<\/b> – A mobile app with a customization feature enables customers to personalize jewelry items while at home. This improves consumer engagement and communicates in-demand designs to the business for future references.<\/span><\/p>\n

Improve efficiency<\/b> – Make diamond cataloging seamless with a dedicated mobile app. From details like how the diamond was cut\/polished to grading and selling, the mobile app introduces better processes to eliminate any inconvenience and improve efficiency.<\/span><\/p>\n

\"Mobile<\/p>\n

For instance, Malca-Amit – a dedicated mobile app offering B2B logistics and secure delivery solutions for jewelry, diamond, and other valuable assets on the go. The team at FATbit Technologies worked extensively on restructuring the existing mobile app architecture using the latest Java 1.8, Xcode 10.2 along with the JSON API approach. The result was a seamless mobile app with an improved user-interface\/user-experience.<\/span><\/p>\n

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Looking for a custom mobile application for diamond and jewelry business<\/h2>\n<\/div>\n
Click Here<\/a><\/div>\n<\/div>\n
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4. Retail Chain<\/b><\/h3>\n

Having retail stores for diamond & jewelry items in different geographical locations can be a bit challenging to manage especially without a reliable centralized platform. From managing peer-to-peer communication to handling inventory, a dedicated solution is required that is easily accessible. Consider having a user-friendly web platform and a customized mobile app to connect different retail stores and manage inventory levels with ease. It is a perfect option to invest and scale your network without delay.<\/span><\/p>\n

We, at FATbit Technologies, will help you provide a dedicated web platform and mobile app solution to manage the entire retail chain.<\/span><\/p>\n

5. Marketing Website<\/b><\/h3>\n

Start a business website like <\/span>De Beers Group<\/span> to market the products\/services to a wider audience. Try to include a complete overview of the company\u2019s history, group structure, leadership, and stories created. Information like this builds trust and credibility for a company while improving exposure and visibility. A good business website enables consumers to interact more with the business, presenting new growth opportunities. <\/span><\/p>\n

Starting a marketing website for jewelry and diamond business will help you:<\/span><\/p>\n