Case Study: B2B Diamond Trading Marketplace

FATbit Technologies
  • Score Awaiting client review
  • Date Published
  • Reading Time 3-Minute Read

UNI Diamonds, a B2B diamond trading marketplace which is powered by Yo!Kart, leading marketplace software of FATbit Technologies.

About the Client

UNI is the first and foremost professional diamond business-to-business 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 them 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 you focus on what you do best.

The Problem

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

To achieve a first-mover advantage, gain a competitive edge in the diamond industry and simultaneously make an indelible appearance in the Hong Kong International Show 2018, U.N.I Technologies decided to follow in the footsteps of Yo!Kart – a multivendor marketplace as a B2B diamond trading solution.

That’s where FATbit Technologies came into play!

The Solution

As the technology partner to UNI Diamonds (U.N.I Technologies), FATbit’s team of experts executed the process of requirement gathering, defining the 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 a powerful and best-in-class multi-vendor marketplace, FATbit successfully brought multiple vendors and buyers over the same platform.

Understanding the business model, analyzing the backend operations and getting insights into the importance of data precision w.r.t. to the Diamond Industry, FATbit delivered a scalable, robust and secure solution that radically transformed the traditional diamond trade industry into the new digital trading arena.

By examining the psychology of the multivendor marketplace along with its ever-changing medium, we accelerated the process of B2B diamond trading for U.N.I Technologies. This further enhanced the efficiency of the back end operations and enabled customers to make better purchase decisions.

Work & Achievements

Moving from “Waterfall” methodologies to the iterative framework of Agile and DevOps for managing end-to-end engineering processes, Yo!Kart empowered U.N.I Technologies to launch and deliver 5+ successful digital tenders and trade shows in 2019 with the diamond trading industry.

To drive growth for UNI, enhance customer experience, and increase business agility through an automated process, programming team working on UNI-Diamonds project implemented CICD (Continuous Integration and Continuous Delivery) technique which made the application run flawlessly.

On the technical side, integration of third-party APIs i.e. GIA Certification, IGI, AGS on the back end and V360 as the most advance diamond display system on the front end was a great learning for the development team and a new milestone for the UNI-Diamonds Marketplace.

Implemented Features

  • 360º Vision View
  • Compare
  • Inventory Insights
  • Auction
  • Bidding System

& Many More…