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Stage 3 (2020) “Diamonds Are Forever”

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Stage 3 (2020) "Diamonds Are Forever"

This is an actual case from the Financial Modeling World Cup 2020, Stage 3 (Nov 20-23) competition. It can be used to expand your knowledge of financial modeling and train for future FMWC Stages.

The downloadable file consists of the following:
-Task: Excel file with data for the case; PDF file with Case Materials; PDF file with Questions.
-Solution: Excel file with the full Solution Model; PDF file with correct Answers in Bold.

This model awarded 400 points, while the whole 2h Stage allowed to earn 1,000 points in total.

For your questions/suggestions/consideration please reach out to the Organizing Committee of the Financial Modeling World Cup at
You can also buy tickets to participate in the future FMWC Stages at


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