With high quality video footage, Koin International, a tender house in the Antwerp diamond district, wants to revive the trade in rough diamonds. Thanks to the new application, the potential buyer can inspect the quality of the diamonds offered from a distance.

The diamond trade is a very physical sector because the goods are physically viewed and inspected for qualities such as colour and purity. This is one of the reasons why the diamond sector has been hit hard by the corona crisis in recent months. Furthermore, transport was blocked, because air traffic has come to a virtual standstill.

Tender house Koin International developed a system to gradually get the trade going again. “The company developed a system in which the physical inspection of the diamonds can be done remotely via live streaming of high-resolution video images“, says Margaux Donckier, spokesperson for the Antwerp World Diamond Centre (AWDC). “With the system, the expert of the tender house becomes, as it were, the hands and eyes of the potential buyer at home, safely in his own environment“.