CountSure - Expert Accounting Services
Offshore CPA Firm for Diamond Industry
CountSure’s Comprehensive Accounting, Tax Services, Assurance and Financial Advisory for Diamond Industry
Diamond businesses navigate unique financial challenges from inventory valuation and consignment tracking to international trade compliance and gemstone certification costs. Managing these while maintaining security, authenticity, and profitability requires specialized accounting expertise.
CountSure is your trusted offshore CPA firm serving diamond professionals across the United States. We provide comprehensive accounting, tax, and financial management services tailored for diamond dealers, wholesalers, retailers, and manufacturers at up to 60% cost savings compared to traditional US-based firms.
Our Comprehensive Services:
- Accounting Services (inventory tracking by stone, consignment management, memo reconciliation, cost of goods sold by carat weight)
- Tax Services (federal/state compliance, customs duty management, import/export documentation, luxury goods tax compliance)
- Business Management Services (margin analysis by stone quality, pricing strategy support, cash flow optimization)
- Audit & Assurance (inventory audits, insurance documentation, trade compliance reviews)
- Financial Reporting (US GAAP statements, inventory valuation reports, gemstone certification cost tracking)
- Payroll Services (sales staff commission tracking, security personnel payroll)
- USA Company Registration
- SOC 1 & SOC 2 Services
- Valuation Services for business sales, estate planning, and partnership restructuring
Ready to simplify your diamond finances?
Who We Serve
CountSure provides specialized accounting services:
- Diamond wholesalers and distributors
- Retail jewelry stores with diamond inventory
- Diamond manufacturers and cutters
- Gemstone dealers
- Jewelry designers and custom jewelers
- Online diamond retailers
- Diamond auction houses
- Estate jewelry dealers
- Diamond brokers and traders
- Jewelry appraisers
- Diamond importers/exporters
Why Diamond Industry Businesses Choose CountSure's Offshore Accounting Solutions
Diamond Trade Expertise
Deep understanding of diamond grading impact on valuation, consignment and memo accounting, insurance requirements, international trade documentation, and jewelry industry-specific financial practices.
Significant Cost Savings
Reduce accounting costs by up to 60%. Invest savings in inventory acquisition, marketing, or business expansion.
Inventory Management
Track individual stones or parcels, manage consignment properly, reconcile memos, calculate accurate COGS, and maintain perpetual inventory systems.
Compliance Support
Handle customs documentation, track import duties, manage sales tax on luxury goods, and ensure proper reporting for high-value transactions.
Proven Excellence
15+ professionals, 100+ satisfied clients, 25,000+ monthly transactions, 98% client retention rate, 10+ years combined industry experience.
Software We Use
Diamond Industry-Specific
Accounting Platforms
Proven Results. Trusted by the Industry.
Benefits
- Reduce accounting costs by up to 60%
- Focus on sourcing quality inventory and customer relationships
- Access specialized diamond trade accounting expertise
- Track inventory by individual stone characteristics
- Manage consignment and memo transactions properly
- Ensure customs and import compliance
- Maintain accurate insurance documentation
- Calculate true profitability by stone or collection
- Support high-value transaction documentation
- Optimize pricing based on accurate cost tracking
Need help with multi-state diamond industry tax filings?
The Role of Technology in Diamond Industry
AI-Powered Pricing Analytics
CountSure leverages artificial intelligence to analyze pricing trends by diamond characteristics (cut, color, clarity, carat), predict optimal pricing strategies, identify slow-moving inventory requiring markdown, detect pricing anomalies, and provide insights that help diamond businesses maximize margins while remaining competitive.
Integrated Inventory Management
Modern diamond inventory systems connect gemstone data to accounting platforms, enabling real-time tracking by certificate number, automated valuation based on market pricing, instant COGS calculation upon sale, and detailed reporting by diamond characteristics for strategic purchasing decisions.
Automated Consignment Tracking
Advanced systems track memo and consignment inventory separately from owned stock, monitor consignment periods and return dates, calculate owed payments to suppliers, generate automated reminders for memo expirations, and ensure accurate accounting for goods sold versus returned.
Cloud-Based Certificate Management
Cloud platforms store GIA, AGS, and other certification documents digitally, link certificates to specific inventory items, provide instant access for insurance and sales purposes, maintain audit trails for provenance, and enable secure sharing with customers and partners.
Problem-Solving Case Studies
Diamond Wholesaler
A diamond wholesaler with $8M inventory struggled with consignment tracking, couldn’t calculate accurate margins, and spent $130K annually on accounting. CountSure implemented stone-level tracking and consignment management.
Results
- 63% cost reduction ($82K savings)
- Discovered $240K in unreturned consignment inventory
- Improved gross margin visibility from estimated 18% to actual 24%
- Reduced insurance costs by $35K through accurate inventory documentation
Retail Diamond Jeweler
A high-end jewelry retailer faced sales tax compliance issues, lacked inventory turn analysis, and needed better cash flow management. CountSure automated tax compliance and inventory analytics.
Results
- 59% cost reduction, achieved 100% sales tax compliance
- Identified $180K in slow-moving inventory
- Improved inventory turns from 1.8 to 2.6
- Freed $220K in working capital for new collections
Our Process: How We Work
We follow a simple, transparent, and efficient 4-step process:
01
Discovery & Assessment
Comprehensive consultation to understand your inventory model, consignment practices, international trade activities, and compliance requirements.
02
Customized Setup
Configure diamond-specific inventory tracking, establish consignment accounting procedures, integrate point-of-sale systems, and set up certification cost allocation.
03
Seamless Transition
Work with your team during onboarding, migrate inventory data by stone or parcel, train staff on workflows, and ensure continuous inventory accuracy.
04
Ongoing Excellence
Daily transaction processing, weekly inventory reconciliation, monthly financial statements with margin analysis, quarterly inventory aging reports, and continuous tax compliance support.
Experience the difference.
Get started with a dedicated expert today
Industry-Related FAQs
We track inventory by specific identification, maintain records by 4Cs, include certification costs, adjust for market pricing, calculate COGS per stone, and provide detailed reports by category and aging.
Yes, we track consignment separately, record memos with terms, distinguish owned versus consigned stock, calculate supplier amounts due, track returns, and ensure accurate financial presentation.
We track inventory turnover by stone category, gross margin by diamond quality characteristics, average days in inventory, consignment percentage of total inventory, certification costs as percentage of inventory value, insurance costs per million of inventory, sales per carat, and margin by source (wholesale, manufacturer, estate) for comprehensive business insights.
We track customs duties paid on imports, maintain documentation for Harmonized Tariff codes, record import costs properly in inventory value, manage bond requirements, track temporary import permits for trade shows, coordinate with customs brokers, and ensure proper sales tax collection on luxury goods in applicable jurisdictions.
Absolutely. We integrate with EDGE, RapNet, IDEX, Polygon, and other platforms. Our team configures automated synchronization of inventory data, ensures proper cost allocation, maintains certificate linkage, validates transaction flows between inventory and accounting systems, and provides detailed reporting combining operational and financial data.
Ready to polish your diamondbusiness's financial performance?
Stop letting accounting complexities distract you from sourcing exceptional stones and serving customers. Partner with CountSure and gain the financial clarity, inventory control, and cost efficiency you need to grow your diamond business.
- Contact us today for a free consultation and discover how we can reduce your accounting costs by up to 60%.
About CountSure
CountSure is a leading offshore CPA firm specializing in comprehensive accounting, tax, and financial services for US-based businesses. With deep expertise in the diamond and jewelry industry, we combine luxury goods trade knowledge with AI-powered technology and cost-effective offshore delivery to help diamond businesses achieve financial excellence.
- Service Areas: Nationwide across the United States
