e-commerce
“Investing in diamonds is like having a solid anchor in your investment ship”: DiamondXE’s Ankit Kimtee
Mumbai: Diamond XE connects suppliers, jewelers, and buyers from across the globe through its innovative and transparent online platform.
The landscape of diamonds and diamond jewelry has experienced a monumental transformation with the ascent of Lab-grown diamonds. However, this transformation has brought about challenges, including pricing uncertainties and supply issues. Traditional diamond agents have struggled to meet buyers’ demands for easy returns and exchanges, leaving customers in a state of confusion. In the midst of these complexities, DiamondXE emerges as the ultimate solution provider, revolutionizing the diamond industry with its focus on transparency and convenience.
With a combined industry experience of over 60 years, the founders of Diamond XE offer access to an impressive inventory of over 5,00,000 natural and lab-grown diamonds which are certified by GIA, IGI , HRD and other laboratories. From exquisite fancy-colored diamonds to classic solitaires ranges from 0.18cts+ to 15 carat which allows customers to have an array of options to choose from. .The platform is designed to be user-friendly, allowing buyers, merchants/dealers, and suppliers to easily view and select their desired diamonds at the best possible prices. To empower India’s diamond Industry they are also spreading awareness regarding the diamond trading platforms through an enlightening series of seminars across several cities by collaborating with the Gems and Jewellery Council of India.
Indiantelevision.com caught up with an email interaction with DiamondXE Ankit Singh Kimtee, where he shared a lot of inputs about the diamond trading industry…
Edited excerpts
On investing in diamonds fitting into a diversified investment portfolio
Investing in diamonds is like having a solid anchor in your investment ship. You see, unlike other investments, diamonds stand strong against credit risks, currency fluctuations, and even the sly moves of inflation. During periods of high inflation, the value of paper currencies may decline, but tangible assets like diamonds tend to hold their value or even appreciate. Investors often include diamonds in their portfolios to diversify and safeguard their wealth, especially in times of economic uncertainty or when seeking alternatives to traditional financial instruments. Thus, diamonds play a crucial role in reducing the risk that comes from unpredictable sources. You want stability? Diamonds got your back. They are not just a girl’s best friend, they’re an investor too. And, as a reputable online platform for diamonds, DiamondXE offers an avenue to include diamonds in your investment mix.
On providing insights into the current trends and outlook for investments in the diamond trading industry
You know, the diamond trading scene is really evolving. There’s this whole digital wave taking over, and lab-grown diamonds are shaking things up in a big way. Here at DiamondXE, we’re all about staying ahead of the curve, adapting to these shifts to make diamond trading more accessible and efficient. The diamond market is highly dependent on consumer demand, particularly for use in jewellery. Economic growth, consumer confidence and cultural trends can all impact the demand for diamonds. Also, consumers are becoming increasingly aware of the ethical implications of their purchases and are seeking out diamonds that have been sourced responsibly. This is leading to a growing demand for conflict-free and sustainably mined diamonds. While natural diamonds are valued for their rarity, lab-growns are being widely embraced as a sustainable option. I’m feeling pretty optimistic about the investment scene. More and more folks are leaning towards sustainable and tech-driven solutions, and that’s exciting. I see a future where DiamondXE is a trailblazer, setting the standard with smart and sustainable solutions. It’s an exciting time for the diamond industry!
On the potential benefits and drawbacks of including diamonds in an investment mix
Well, investing in diamonds has its perks and challenges. They diversify a portfolio, which is like putting your risk eggs into different baskets. Diamonds hold their value over time, protecting against the effects of inflation. Moreover, high-quality diamonds tend to appreciate in value over the long haul, say five or ten years. And let’s not forget, owning a beautiful diamond isn’t just financially satisfying, it’s aesthetically pleasing too.
On the flip side, diamonds lack a standardized price index, making it a bit tricky to pinpoint their exact market value. Selling them can also be a waiting game as they’re not as easy to liquidate compared to stocks or bonds. Also, investing in diamonds without a good grasp of the industry can be like walking in the dark. You need to know your stuff to make informed decisions.
So, while diamonds do add diversity and carry long-term investment value, you’ve got to be willing to navigate the unique challenges they present.
On factors influencing the ease of buying and selling diamonds as investments
When it comes to buying and selling diamonds as investments, there are a few key factors that really make a difference. Firstly, having proper certification from reputable gemological labs lends credibility and makes the process a lot smoother. The timing of your sale can significantly impact its ease. Selling during peak demand periods or during specific events may result in better prices and a faster sale. Also, the better a diamond’s quality, the easier it is to find a buyer. Lastly, economic factors can’t be overlooked. The state of the economy, interest rates, all those things play a role. So, it’s a mix of market know-how, timing, and understanding the value of what you have. That’s what influences how easy it is to buy or sell diamonds as investments. And with DiamondXE, buying diamonds is a breeze, adding to the ease of including them in your investment mix.
On company’s future plans and goals for growth & innovation
DiamondXE is committed to expansive growth and innovation. We envision becoming a global leader in the diamond industry by extending our platform beyond India, onboarding international suppliers, dealers and buyers. Technological advancements will remain at our core, ensuring a seamless, user-friendly experience. We plan to enhance our platform with more AI-driven features, expand inventory offerings, and introduce innovative solutions to meet evolving market demands. Ultimately, our goal is to be the go-to platform for natural and lab-grown diamonds, promoting trust, transparency and accessibility in the diamond trade.
e-commerce
American Express to acquire AI startup Hyper to boost automation
Deal targets expense management as AI reshapes corporate spending tools.
MUMBAI: From receipts to robots, the expense sheet is getting a brain upgrade as American Express moves to bring artificial intelligence into the heart of corporate spending. The company has announced plans to acquire Hyper, a relatively young but fast-rising startup founded in 2022 that builds AI-powered agents capable of organising expenses, generating reports, verifying compliance with budgets and policies, and nudging users with timely reminders. The deal, expected to close in the second quarter of 2026, underscores a growing shift among financial institutions to automate traditionally manual, time-heavy workflows.
Hyper counts Sam Altman among its backers, adding a layer of Silicon Valley credibility to the acquisition. While financial details remain undisclosed, the strategic intent is clear: deepen automation capabilities and sharpen American Express’s position in the competitive corporate spending ecosystem.
The two companies are not strangers. They previously collaborated in 2024 on a co-branded credit card product, suggesting that the acquisition is less a cold buy and more an extension of an existing relationship. With this move, American Express is effectively bringing that capability in-house, aiming to embed AI directly into its commercial services stack.
Chief executive Stephen Squeri had already signalled the direction of travel in a recent shareholder letter, describing AI as a “structural shift” in how businesses operate. The Hyper acquisition appears to be a direct response to that shift, particularly in expense management, where processes such as approvals, compliance checks and reporting remain ripe for automation.
Alongside the acquisition, the company is also expanding its product suite. A recently launched business credit card offers cashback and benefits at an annual fee of $295, with another card expected later this year moves that complement its broader push into commercial services.
Taken together, the strategy points to a future where managing expenses may require fewer spreadsheets and more algorithms. For American Express, the bet is simple, if businesses are rethinking how work gets done, the tools that power that work need to evolve just as quickly.
