UNI Online diamond trading platform based on Yo!Kart

1st Online B2B
Diamond Trading
Marketplace

A Case Study

About UNI Diamonds

UNI is the first fintech company focused on the international diamond industry connecting business-to-business through their online trading ecosystem. With a vision to build a transparent and trustworthy network for both, the diamond buyers and vendors, this collaborative polished diamond marketplace enables its customers to seamlessly and digitally search, compare, value, bid and buy diamonds, verifying all the required information and market data. Known for maintaining best practices in the diamond trade industry, it lets the customers to focus on what they do the best.

Trustworthy Network
between Buyers & Vendors
End-To-End Cloud Solution - From
Diamond Evaluation to Delivery
Worldwide with the Infrastructure
and Logistical Capacity
100% Inventory Availability and
Control over Demand-Supply
UNI client Problem

The Problem

U.N.I Technologies, a team of highly experienced professionals from Diamond Trade Industry were looking to launch a unique & smart B2B multivendor marketplace solution that could seamlessly connect diamond buyers and vendors across the world.

To achieve first-mover advantage, gain a competitive edge in the diamond industry, capture the market and simultaneously make an indelible appearance in the Hong Kong International Show 2018, U.N.I Technologies decided to launch their B2B diamond trading solution as MVP using Yo!Kart - Customizable Platform to Launch an eCommerce Multi-Vendor Marketplace.

That’s where FATbit Technologies came into the play!

flow

The Approach and Solution

As the technology partner to UNI Diamonds (U.N.I Technologies), FATbit’s team of experts followed the SDLC process; starting from the requirement gathering, analysis, designing the application architecture inline to the client’s expectations and then customized Yo!Kart to come up with an advanced marketplace; MVP (minimum viable product) within the strict timeframe. With a deep and proven experience of building powerful and best-in-class multi-vendor marketplace, FATbit successfully delivered the secure, scaleable and trustworthy platform tailored to UNI Diamonds to connect with their Global Customers.

Understanding UNI business model, analyzing their traditional day to day backend operations and getting insights into the importance of data precision w.r.t. to Diamond Industry, FATbit delivered an end-to-end feature-rich solution that radically transformed the traditional diamond trade industry into the new digital trading arena.
With this UNI Diamonds made its 1st appearance in the Hong Kong International Show 2018 and opened up its digital platform with the different diamond manufacturers, vendors and buyers to digitally search, compare, value, bid and buy diamonds, verifying all the required information and market data.

To drive growth for UNI, enhancing end-customer experience, and increase business agility through an automated process, Team @ FATbit had implemented CICD (Continuous Integration and Continuous Delivery) software engineering practices which made the application run flawlessly, controllable and more test reliable with a faster release rate.

Work & Achievements

After 2018, moving from “Waterfall” methodologies to the iterative framework of Agile, CICD & DevOps for managing end-to-end engineering processes, YoKart empowered U.N.I Technologies to deliver 7+ successful digital tenders and trade shows in 2018, 2019 & 2020 at a global level.

uni
Yo!kart

Features We Delivered

Vision360 - Diamond 360º Photography System
Vision360 - Diamond 360º Photography System
Integration with Diamond Certification Bodies
Integration with Diamond Certification Bodies
Compare Diamonds
Compare Diamonds
Diamond Auction Negotiation and Memos
Diamond Auction,
Negotiation and Memos
Diamond Price Evaluation and Trends
Diamond Price
Evaluation and Trends
Online Tenders and Trade Shows
Online Tenders and
Trade Shows
White labelled solution for Retail Stores
White labelled solution
for Retail Stores
Logistic & Shipment tracking Integrating Malca Amit APIs
Logistic & Shipment tracking Integrating Malca Amit APIs
Custom UI for private stores
Custom UI for
private stores
Price Guide for Natural Polished Diamonds
Price Guide for Natural
Polished Diamonds
Broker Solution with Price Adjustments
Broker Solution with
Price Adjustments
AI-powered Diamond Price Calculator
AI-powered Diamond
Price Calculator
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UNI Journey with FATbit 2018 to 2021

Launch of MVP at Hong Kong International Show

Instead of spending time and money on the technology; UNI Diamonds ‘A successful Startup’ preferred to launch MVP (using Yo!Kart) to validated learning about their customers, defining their business strategies & model with the least efforts.

Launch of MVP at Hong Kong International Show

After a year of association with UNI Diamonds, Team @ FATbit was having a thorough understanding of UNI’s business challenges from business value identification to solution implementation.

With an excellent response for the Diamond Trade Industry and to increase the global reach, UNI decided to scale up their cloud solution and entertain the user engagement from the Diamond mines to the Trade market (B2B and B2C both) i.e. capturing the Businesses (Buyers & Vendors) and Reaching the end consumer through retail chain.

Launch of the Native Mobile Apps
for UNI (B2B) & UNI Retail Chain

  • Scalability of the UNI EcoSystem from B2B to Retail Chain
  • Attracting the targeted audience & increase user engagement
  • Integrating the market trends to day to day workflow
  • Executives in the sales and marketing processes
  • Improved Brand Presence

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Launch of the Native Mobile Apps for UNI (B2B) & UNI Retail Chain

5+ Successful Digital Tenders and Trade Shows

IDI Auction Israel
JCK Show Vegas 2019
HKG Show Feb, 2019
HKG Show Feb, 2019
IDI Auction Israel
Partnership with De Beers
Uni Tender Jan, 2019
Uni Tender Jan, 2019
HKG Show 09/2019
HKG Show 09/2019
HKG-RB-3EX
HKG-RB-3EX
IDI Auction Israel
IDI Auction Israel

During COVID-19, FATbit continued providing endless support to UNI in their Evolution to UNIte the Diamond Trade Industry.

We at FATbit being the SME for Diamond Industry took up a new challenge to scale up their cloud solution and can proudly say that we are successful in providing UNI an accurate and automated end to end solution.

Highlights from 2020

1. Digital Tenders

As the World transformed towards a Digital solution for every problem, so did FATbit.
For UNI, the metamorphic digital change worked upon by FATbit was transforming physical shows to the Digital Tenders.

FATbit built a robust solution to facilitate the Digital Tenders with in UNI existing platform.

Digital Tenders

2. EZcalc

FATbit built the infrastructure to support UNI Diamonds and EzCalc partnership to improve industry’s ability to do business remotely and cost effectively.

EZcalc

3. UNI Calculator with the Price Trends

Launched an AI-Powered Diamond Price Calculator App, which enables the users to quickly and conveniently obtain an up-to-date price estimate for a diamond, based on the stone’s 4Cs (Carat, Cut, Color and Clarity) and other contributing parameters.

UNI Calclculator with the Price Trends
With FATbit as the technology partner, UNI’s groundbreaking business model has transformed their business model into one of fastest-growing firms in the industry.

Providing financing, online and offline sales and logistics services and solutions, and in-depth industry intelligence, UNI has become the only company worldwide with the cloud solution, infrastructure and logistical capacity to aggregate and consolidate any size of diamond demand from multiple suppliers, evaluate and carry out quality checks for retail clients, and then complete the sales and secure delivery process through to the final buyer.

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