For the first time ever, the diamond trading platform IDEX Online is making its unique database of diamond prices available.
International Diamond Exchange Online (IDEX) and One Creation Corporation are announcing a strategic partnership jointly developing the online market data portal directly to the participants in the diamond industry.
It will be made accessible via a portal to banks, financial institutions, investors, retailers, diamond traders and anyone else who needs a clear and accurate picture of this unique market behavior. The ground-breaking partnership with One Creation Corporation, specialists in data monetization, brings total transparency to a market that has traditionally been opaque.
IDEX boasts unique big data on actual diamond transactions. It has tracked the actual prices of the certified polished diamonds sold in the global wholesale market over the last 20 years. Its vast archive holds tens of millions of data points it has gathered on every possible category of diamond.
The One Creation Smart Contract based platform provides granular, attribute level rights enforcement so that IDEX subscribers to the new service will be able to set any parameters and only subscribe to a specific set of data points. For example, the indexed price of round polished 1.00-ct diamonds over the last 10 years.
Ehud D Cohen, CEO of IDEX said: “Never before has such a vast and authoritative collection of data on diamond prices been made available. We are delighted to be able to offer it on a commercial basis and bring complete transparency to the global diamond market.
In the new data economy, IDEX Online are now able to support emerging diamond indices trends and real time prices to be used in exciting new financial instruments such as Diamond NFTs and Diamond ETFs. The unique combination of the physical diamond digitized data in addition to the uniqueness commodity itself provides a perfect platform for tokenized services.”
“One Creation’s DREAM Digital Rights Fabric is meeting an unfulfilled demand for an enterprise platform-as-a-service that allows companies to regain control, monetize, and seamlessly distribute data and digital rights through a decentralized secure data supply chain,” added Zohar Hod, CEO of One Creation. “We give control over data and rights back to the owner.” Hod continued that data governance, privacy and safety are quickly becoming key differentiators in enterprises’ appeal to consumers. The partnership with IDEX is a key step towards achieving these goals.