UNI Diamonds Launches AI-powered Diamond Price App

Finance and Trade
13/10/2020 14:15

UNI Diamonds, the fintech company today announced the release of a free Diamond Price Calculator app, calculating what the company says "real time estimate prices for natural polished diamonds", underpinned by Artificial Intelligence (AI) algorithms and UNI Diamonds' trading platform data on sales and acutal diamond prices. . According to UNI Diamonds CEO, Mahiar Borhanjoo, "the industry has relied on complicated price lists that are only updated periodically and are based on data sources that are opaque. which led to a system bhy which dealers typically discount the prices, taking a leap of faith each time that they do. The Diamond Price Calculator is designed to provide an efficient and practical solution reducing the level of risk that inherently has existed in natural polished diamond transactions." The pricing app is available for free on the Google Play and Apple App store.