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MARKET MOVERS: David Sutton, co-founder and CEO, Nivoda

Nivoda

Nivoda launched its B2B diamond buying platform last year and has been seeing exponential growth in the UK.

With platform sales increasing steadily at 15% month-on-month, the company has grown over 400% in less than a year.

With Nivoda, David Sutton and his team have created a faster, simpler and more profitable way to buy diamonds from all around the world, directly connecting diamond buyers to suppliers offering over 500,000 certified stones.

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The diamond supply chain is extremely fragmented and inefficient. Jewellers buying directly from manufacturers in India and Hong Kong are often faced with high shipping, payment and insurance fees.

Nivoda has local teams on the ground consolidating shipments and payments. Through these efficiencies the platform is able to offer a transparent pricing structure that is always cheaper than shipping directly from suppliers.

All customer have to do is create a free online account and within a few minutes they are ready to trade.

There is no minimum order required, and the delivered prices shown on the website include insurance and shipping costs.

Its little wonder the Nivoda service is already being used by many leading industry players in the UK, with those using the platform having nothing but praise for it.

In summary, the business model provides users with vast selection, fast delivery and the best possible prices.

 

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The author Stacey Hailes

Editor, Professional Jeweller

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