Business-to-business diamond marketplace Nivoda has surpassed a significant milestone for its business.

The diamond marketplace reported that it now stocks one million stones on its website.

Furthermore, the one million stones have a combined value of more than £2 billion.

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A statement from the company reads: “The platform combines the ability to search for and purchase natural, lab-grown and melee diamonds with an operational team that tends to the entire delivery process from A to Z.

“It offers online retailers, brick-and-mortar jewellers and wholesalers the ability to accelerate their business growth by increasing sales whilst removing the operational burden of sourcing diamonds.

“With an increasing demand for lab-grown diamonds, Nivoda has over 110,000 of them available to purchase through its network of global suppliers.

“In addition to this, there are 910,000 natural stones which is a figure constantly growing and estimated to hit 1,000,000 by the end of 2021.”

The company claims that these numbers are only set to keep growing in the future.