ERP Insights >> Magazine  >> October - 2020 issue

Manage, Promote & Grow Your Diamond And Jewellery Business

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Thursday, October 22, 2020

The Diamond and Jewellery industry has been one of the most affected business segments with the current covid19 scenario and most companies are finding it hard to cope up with the loses and implications that the pandemic has bought on them. The decrease in customer demand and the increase in the cost of raw materials has been a massive hit for businesses operating in the diamond and jewellery industry. With various restrictions in place for international travel and shipping, businesses are having more issues to match their books and stay afloat in the market. One thing that has been helping the industry to deal with their current predicaments is the development in technology and especially the technology related to diamond and jewellery solutions. Many solution providers and consultants who specifically concentrate on the diamond and jewellery industry have come up with a plethora of innovative solutions that are helping businesses to cut the slack and streamline their business operations. Some of these solution providers have been operating in the market for decades and have been evolving with the changing times to bring in revolutionary changes and innovative solutions to increase the efficiency of the diamond and jewellery industry.

With that being said, in this fast-moving world where technology is coming and going at a rapid pace, companies should give importance to incorporating the best technologies and innovations in the market to take their business to the next level. Thus, ERP Insights brings you a list of `10 Most Promising ERP Solutions for Diamond and Jewellery Industry - 2020'. A distinctive panel comprising of CIOs, industry analysts and ERP Insights' editorial board have cherry-picked the technologies and solutions that provide the best results to help diamond and jewellery businesses operate in an optimal manner and reach their true potential.