Diamond World (DW): What is BYPs and what makes it unique in the diamond industry?
Kiran Gems (KG): BYPs - short for Buy Your Parcels, is probably the first-of-a-kind digital bidding platform for parcels launched by Kiran Gems. It empowers buyers to build their own diamond parcels by selecting specific mm sizes, colour & clarity, and price points that match their business needs. Unlike traditional parcel buying where the options are fixed, BYPS offers unprecedented control and personalisation. Whether you are a retailer, manufacturer, or broker, BYPs allows you to tailor your parcel as per your exact preferences, all in a few clicks.
DW: Why did Kiran Gems decide to launch BYPs?
KG: The diamond trade has long operated with legacy systems that didn’t fully reflect the evolving needs of modern buyers. Most parcel systems required clients to adjust to what was available, instead of getting what they actually needed. Kiran Gems launched BYPs to break this rigidity, offering a system that gives control back to the buyer. In a world that runs on precision, speed, and transparency, we wanted to give our clients a platform that’s intuitive, efficient, and most importantly, buyer-led.
DW: Who is BYPs meant for?
KG: BYPs is built for global buyers who understand the value of precision and personalisation. This includes jewellers, diamond retailers, wholesalers, manufacturers, and brokers. If you are someone who wants specific mm sizes for calibrated designs, prefers control over colour and clarity combinations, or needs to manage your loose diamond inventory with flexibility, then BYPs is designed with you in mind. It removes the guesswork and lets you focus on building exactly what you need, when you need it.
DW: How does the platform actually work?
KG: BYPs runs in structured digital rounds, each open for a limited time. Once logged in, buyers can select stones by mm size, colour, clarity, and other filters. Bids can be placed blindly or by scheduling and viewing the parcels at our offices. All stones are screened for natural, colour and clarity by Kiran’s standards. There are also options to certify them through third parties like HRD and IGI. If your bid wins, the parcel is yours at your price. The system is built to be simple, transparent, and fair, while offering deep control.
DW: What kind of benefits does BYPs offer to buyers?
KG: BYPs gives buyers complete control, flexibility, and confidence in how they source diamonds. You can build your own parcel, choosing specific mm sizes, clarity, and even calibrated selections. You bid your price, independently. The platform works seamlessly from anywhere, making diamond sourcing truly global and time-efficient. All diamonds are 100% natural and screened by Kiran for natural, colour and clarity. If needed, third-party certification options are available. Buyers also benefit from loyalty discounts in upcoming rounds.
In short: BYPs combines customisation, convenience, and transparency, all backed by Kiran’s trusted quality.
DW: What larger vision does BYPs reflect for the diamond industry?
KG: BYPs is more than just a tool — it represents the future, a shift in how the diamond trade operates. It moves away from one-size-fits-all models and toward a more intelligent, data-driven, and user-centric module. In today’s competitive and fast-moving world, buyers want more control, more options, and more value for their money - and BYPs answers that call. It reflects Kiran Gems’ ongoing mission to lead with innovation, while staying deeply rooted in trust, quality, and long-term partnerships.
