Buying of rough uncut diamonds to process it by cutting it and polishing it. The finished product to be sold to wholesalers, retailers and diamond merchants
There are innumerable clients and customers available currently all over the world. Diamond business needs no introduction at all.
Diamond is not a product which can only be sold at local level or national level. It's has an international existance with markets all over the world especially Europe, America and Canada
Problem or Opportunity
Clients couldn't be entertained due to non-availability of seed capital to buy raw material. Clients who are into processing of diamonds can directly buy raw material too from me even if finished item is unavailable.
Solution (product or service)
Once raw material is available finished goods can be produced and the clients will be satisfied. Manufacturers can directly buy raw material from me and trade with me.
This business is held up with only a handful of people in India. Hence, monopoly will be gained by the business with no or very very less competition.
Advantages or differentiators
This field is an specialized field of work. Choosing of high quality rough diamond to cut and polish requires specialized knowledge and skills hence, my business has no drawbacks or any chances of incurring loss howsoever.
After cutting and polishing the diamond turns into a stone to be acquired forever. As it is very rare it's selling price is too high. Hence, the profits gained is very high as compared to the unfinished/raw material.
It's a simple model. Providing finished items for exports to the already existing client base is the main business plan.
Money will be spent on
The money will be spent on buying raw materials and statutory licences required to start the business.