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US 2014/0279338 A1Published application
Standard diamond parcel certification for exchange traded funds
AssigneeRosy Blue Dmcc
InventorDilip R. MEHTA
Life of this patent
Estimating the term…
Abstract
Standard Diamond Parcels (SDPs) are certified for use in Exchange Traded Funds (ETFs). Three SDP colour types, Luxury, Premium and Privilege along with seven weight ranges simplify the complexity of diamond trading into twenty one different types of SDPs. Each SDP has ten diamonds, each diamond having a different colour/clarity combination. An SDP certification device, method and durable, non-transitory computer readable storage medium assures the characteristic of the diamonds in of each SDP type have a uniform valuation even though characteristics of the individual diamonds in each SDP may vary. One or more SDP may be grouped for use in an EFT unit.
Claims20
A standard diamond parcel certification device comprising:
- a qualification analysis module for passing a parcel of diamonds if each of a multiplicity of descriptive reports corresponding to each of a multiplicity of diamonds included within the parcel of diamonds indicates that the parcel of diamonds satisfies minimum qualifications;
- a caratage analysis module for passing the parcel of diamonds if each of the multiplicity of descriptive reports indicates a carat weight within a one weight range of a plurality of weight ranges;
- a type analysis module for passing the parcel of diamonds if each of the multiplicity of descriptive reports indicates a colour within a one colour range of a plurality of colour ranges;
- a distribution analysis module for passing the parcel of diamonds if each of the multiplicity of descriptive reports indicates a unique colour and clarity combination;
- a weighted average caratage analysis module for passing the parcel of diamonds if a sum of a weighted average caratage calculation for each of the multiplicity of descriptive reports exceeds a minimum amount corresponding to the one weight range of the plurality of weight ranges;
- and
- a standard diamond parcel certification module for assigning a standard diamond parcel identification element to the parcel of diamonds if the parcel of diamonds is passed by the qualification analysis module, the caratage analysis module, the type analysis module, the distribution analysis module and the weighted average caratage analysis module.
4 more elements
A standard diamond parcel certification method comprising:
- passing a qualification analysis of a parcel of diamonds if each of a multiplicity of descriptive reports corresponding to each of a multiplicity of diamonds included within the parcel of diamonds indicates that the parcel of diamonds satisfies minimum qualifications;
- passing a caratage analysis of the parcel of diamonds if each of the multiplicity of descriptive reports indicates a carat weight within a one weight range of a plurality of weight ranges;
- passing a type analysis of the parcel of diamonds if each of the multiplicity of descriptive reports indicates a colour within a one colour range of a plurality of colour ranges;
- passing a distribution analysis of the parcel of diamonds if each of the multiplicity of descriptive reports indicates both a clarity range within a plurality of clarity ranges a unique colour and clarity combination;
- passing a weighted average caratage analysis of the parcel of diamonds if a sum of a weighted average caratage calculation for each of the multiplicity of descriptive reports exceeds a minimum amount corresponding to the one weight range of the plurality of weight ranges;
- and
- assigning a standard diamond parcel identification element to the parcel of diamonds if the parcel of diamonds is passed by the qualification analysis, the caratage analysis, the type analysis, the distribution analysis and the weighted average caratage analysis.
4 more elements
A durable, non-transitory computer readable storage medium comprising a computer program which instructs a computer to perform an automated method of aggregating data for a database, the method comprising:
- passing a qualification analysis of a parcel of diamonds if each of a multiplicity of descriptive reports corresponding to each of a multiplicity of diamonds included within the parcel of diamonds indicates that the parcel of diamonds satisfies minimum qualifications;
- passing a caratage analysis of the parcel of diamonds if each of the multiplicity of descriptive reports indicates a carat weight within a one weight range of a plurality of weight ranges;
- passing a type analysis of the parcel of diamonds if each of the multiplicity of descriptive reports indicates a colour within a one colour range of a plurality of colour ranges;
- passing a distribution analysis of the parcel of diamonds if each of the multiplicity of descriptive reports indicates a unique colour and clarity combination;
- passing a weighted average caratage analysis of the parcel of diamonds if a sum of a weighted average caratage calculation for each of the multiplicity of descriptive reports exceeds a minimum amount corresponding to the one weight range of the plurality of weight ranges;
- and
- assigning a standard diamond parcel identification element to the parcel of diamonds if the parcel of diamonds is passed by the qualification analysis, the caratage analysis, the type analysis, the distribution analysis and the weighted average caratage analysis.
4 more elements
Dependencies are inferred from the claim text.