Photo - Diamond manufacturing and sales and services.
24520

Diamond manufacturing and sales and services.

India
Market: Trade, Services
Stage of the project: Idea or something is already done

Date of last change: 12/27/2017
Min investment
$  1.200
0
Total required
$ 5.000
Rating
equalizer 85 из 1000
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Idea

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

Current Status

There are innumerable clients and customers available currently all over the world. Diamond business needs no introduction at all.

Market

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.

Competitors

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.

Finance

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.

Business model

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.
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
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Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
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