For the first time, suppliers have the opportunity to incorporate wholesale prices directly into the cut planning of fancy color diamonds. For the way they plan, cut and sell their diamonds, this represents a major shift.
According to the FCRF, suppliers have long been confronted with a "price blind spot", as they always had to decide between cutting for appearance and cutting for yield. The integration closes this gap.
The FCRF determines the wholesale prices from several of its own data sources, the quarterly index, as well as a broad range of industry sources. This ensures that dealers and suppliers can view market prices that correspond to the current environment in the wholesale market.
Professional suppliers and diamond cutters, too, cannot rely solely on their experience and market knowledge when estimating value, but rather on precise data and market analyses from highly specialized research organizations. Since this data must nowadays be available in real time during valuation, such or similar software solutions have become indispensable.