It is a joint decision of the profession and the French Union of Jewellery not to grade synthetic diamonds, unlike other international laboratories. These stones do not have to be evaluated on the same scale as natural ones, because they are an imitation of the diamond and must remain so. This decision is unanimous in the profession except for those who want to promote this [lab-grown] material. But it must be remembered that the increase of synthetic diamonds on the market will bring down their price.
Dutch Diamond Technologies (DD) has created the world’s first ring that is entirely made from a lab-grown diamond. ‘Project D’, DD’s name for the ring, took a year to manufacture and was created in honour of the company’s 10th anniversary. For grading this unique piece of jewelry, DD turned to HRD Antwerp, Europe’s leading authority in diamond grading, writes the grading lab in a press release.
HRD Antwerp, a European leading authority in diamond certification, has entered a partnership with Dubai-based jewellery retailer Stargems Group to certify their entire jewelry inventory through the establishment of a diamond jewelry grading lab. This cooperation will ultimately ensure the transparency and authenticity of each jewelry piece, HRD Antwerp announced today in a statement.
Stephane Fischler, President of the World Diamond Council, spoke with Mines to Market. Some key takeaways [for the complete interview, click 'Read the full article']:
MtM: What is your idea of the ideal environment for the diamond industry to evolve in today’s scenario?
Fischler: The ideal scenario for the diamond industry, as for any industry, is a combination of positive tension on the 'supply and demand' side and growing consumer desire for the product. That is the theory.
HRD Antwerp, a leading European authority in diamond certification, recently undertook a study entitled “The Effect of Fluorescence on the Colour of a Diamond”, concluding that even strong fluorescence does not negatively impact a diamond’s appearance. In fact, their findings demonstrate the contrary: under normal conditions and even when outdoors, strong fluorescence has a positive influence on the color of diamonds. This finding directly contradicts the common perception that fluorescence is a negative property of diamonds, driving down their value.
Fosun International, through its holding company Yuyuan Shares, has announced that it plans to invest US$108.8 million to acquire an 80% stake in the diamond, gemstones and jewelry certification and appraisal lab, the International Gemological Institute (IGI). Headquartered in Antwerp, Belgium, IGI is a world-renowned gemological training and diamond appraisal organization, known to be the world's largest independent gem certification and appraisal institute for diamonds, colored gemstones, and jewelry.
In the context of the KP Intersessional taking place this week, which has brought the diamond world to Antwerp, the Ministry of Finance of the Russian Federation, represented by the Deputy Minister of Finance of the Russian Federation Aleksey Vladimirovich Moiseev, signed a Memorandum of Understanding with HRD Antwerp for the establishment of an HRD Antwerp diamond grading lab in Moscow.
Sarine Technologies, which provides high-tech equipment and services to the diamond industry, announced yesterday that it is opening its second Sarine Technology Laboratory in Mumbai, India, as scheduled, which will offer services to the key Indian polishing centre, commencing immediately. The Laboratory, one of the leaders in the development, manufacture and sale of precision technology products for the evaluation, planning, processing, finishing, grading and trading of diamonds and gems, offers reports on a broad range of a polished diamond's parameters.
The world's most recognized diamond grading institution, GIA (Gemological Institute of America) is launching a pilot program together with leading jewerly retailer, Chow Tai Fook which will use blockchain technology to deliver secure, digital diamond grading reports to consumers for the first time.
HRD Antwerp, one of Europe's leading diamond grading labs, last week opened its new office in the Bharat Diamond Bourse (BDB), as well as a jewelry grading lab in the Santacruz Electronics Export Processing Zone (SEEPZ) in Mumbai, established for manufacturers exporting to international locations. The new office was inaugurated last week by Belgium’s Consul-General, Mr. Peter Huyghebaert, in the presence of HRD CEO Mr. Michael Janssens, BDB President Mr. Anoop Mehta, Vice President Mr. Mehul Shah and other dignitaries. In his opening speech, Mr.
HRD Antwerp announced the opening of a jewelry grading lab in the Santacruz Electronics Export Processing Zone (SEEPZ) in Mumbai, for manufacturers who export to various international locations. “Our customers will have safe, reliable and easy access to our services. Our laboratory has the know-how and tools to thoroughly analyze jewelry, provide a general description of the jewel, the quality of the diamonds it contains, and the precious metals of which it is made”, explains Ravi Chhabria, Managing Director of HRD Antwerp India.
Sarine Technologies Ltd, one of the leading diamond industry technology developers, announced significant declines in its financial figures in 2017, with total profits falling 68% to US$5.76 million and revenues down by 19% to US$58.6 million.
Israeli diamond tech group Sarine Technologies is opening its first gemological laboratory this February in Ramat Gan, Israel, with plans to follow with the opening of a lab in India, planned for May. The company says it will utilize its, "breakthrough artificial-intelligence based technological solutions for the automated, accurate, consistent, digital, and objective grading of a polished diamond's Clarity and Colour." The services offered will include authentication whether a polished diamond is a simulant, natural or synthetic, treated or not, as well as the grading of its 4Cs.
World-renowned diamond grading lab GIA has announced it will open a new laboratory in Surat, India and expand its long-term presence in Antwerp, Belgium in the second quarter of 2018 to meet the needs of the global gem and jewelry industry. GIA says it has already secured premises for both locations. In Antwerp, GIA will be occupying space in the Antwerp Diamond Bourse.
Next week, on October 26, HRD Antwerp is planning to launch a brand new product that it says will be a revolutionary concept on the diamond grading landscape, the HRD Antwerp diamond ID Card for diamonds smaller than 1 carat. While the details have yet to be released, HRD Antwerp says their new product will help keep the European gemological lab at the cutting edge of diamond grading technology.
On September 19, GIA (Gemological Institute of America) President and CEO Susan Jacques announced the opening of GIA’s Tokyo campus at a ceremony attended by several industry leaders. Beginning in November, the new GIA campus in Tokyo will offer the Diamond Essentials Intensive and Diamond Grading Lab classes in Japanese.
Sarine Technologies has announced it is, "expanding its services, adding 4Cs grading and diamond identification to its Sarine Profile Report." Using proprietary tools including its automated clarity, color, cut and light performance grading technologies along with advanced synthetic diamond and treatment detection methods, Sarine claims it will be able to, "deliver an unmatched level of accurate, repeatable and automated diamond grading with less subjectivity and far fewer human errors.
On Monday June 12, the Antwerp World Diamond Centre (AWDC) welcomed eight participants for a two-week course in rough diamond valuation: the "KP Technical Assistance Valuation Program". The course originates from the commitment of the Diamond Development Initiative (DDI), which coordinates requests for Technical Assistance on behalf of the Administrative Support Mechanism (ASM) in the framework of the KP. The participants work for KP authorities in four countries: Ivory Coast, Sierra Leone, Guinea and Liberia.
The International Gemological Institute (IGI) will unveil two new organizations at a jewelry workshop in Italy this week on the technical and commercial impact of synthetic diamonds on the jewelry industry. Firstly, the IGI Italy Association, which will represent the Antwerp-based laboratory’s operations in Italy, combines the five territorial districts involved in implementing IGI’s School of Gemology programs in Italy. Secondly, the IGI Italy Alumni Association will also be introduced at the workshop.
The International Institute of Diamond Grading & Research (IIDGR), a De Beers Group company, has entered a partnership with one of Japan’s leading bridal jewelry retailers, I-PRIMO, to provide polished diamond grading reports. The reports will provide assurance to I-PRIMO customers that their diamonds meet the retailer’s strict quality standards, writes De Beers in a press release. I-PRIMO only uses loose diamonds that have been graded as ‘excellent’ for engagement rings and all melee diamonds must meet ‘Heart & Cupid’ grading standards.
The Gemological Institute of America (GIA) launched a new service which tracks the origin of a selection of polished diamonds, which offers retailers a new method of being able to uncover a stone’s history. Since the project is only two years in development, GIA's M2M™ (Mine to Market) program is restricted and is not yet able to provide a complete solution to determining a diamond’s provenance. “If you just gave me any polished diamond, I can’t tell you what mine it came from,” says Matt Crimmin, GIA’s vice president of laboratory operations.
The Gemological Institute of America (GIA) has made an alarming discovery, namely, a natural white diamond covered by a thin (80 microns, or 0.003 inches) synthetic layer that colors it blue – and has warned that more such composites might be on the market. The 0.33-carat stone is a composite of CVD synthetic Type IIb diamond overgrowth on a natural Type Ia diamond.
HRD Antwerp officially inaugurated its new lab & office premises in Mumbai on Tuesday April 25, joined by Belgium's Secretary of State for Foreign Trade Pieter De Crem. This expansion underscores HRD Antwerp's commitment to fundamentally strengthening the ties between the world's leading diamond trading center – Antwerp – and the Bharat Diamond Bourse - the world's largest diamond bourse. “HRD Antwerp started its activities in India back in 2012, to provide faster and more convenient service to Indian diamond companies”, explains Ravi Chhabria, Managing Director of HRD Antwerp India.
The International Institute of Diamond Grading & Research (IIDGR), part of the De Beers Group, announced a polished diamond grading service partnership with Hong Kong-based jeweler Lukfook. The first partnership with a vertically-integrated Sightholder.
Sarin India, the Indian subsidiary of diamond processing equipment maker and services provider Sarine Technologies, has consolidated its Surat operations in a brand new, wholly-owned, hi-tech facility, the “Sarin House”. The new facility covers 55,000 square feet (5,100 sq.m.) over six floors, housing approximately 400 staff members.
The International Institute of Diamond Grading & Research (IIDGR), part of The De Beers Group of Companies, announced its first retail partnership in Asia for its generic polished diamond grading services. The partnership is with the Soo Kee Group in Singapore, which formally launches in February for the retailer’s bridal brand, Love & Co., for its Lovemarque diamond collection.
The International Institute of Diamond Grading & Research (IIDGR), part of The De Beers Group of Companies, has appointed independent digital agency Ridgeway to produce a new online education experience to share and disseminate the company’s industry knowledge to interested parties, reports Professional Jeweler. Ridgeway will develop an e-learning hub to provide educational courses on various topics. The plans will be unveiled at a launch event in April 2017, with the intention to have 1,000 students by the middle of 2018.
The American Gem Society Laboratories (AGS Laboratories) announced the release of a new service offering - "Only My Diamond" - that allows suppliers and retailers to present the diamond to their customers by "bringing the grading report to life", and providing complete details on the 4Cs, with visual and descriptive explanations of the diamond characteristics. The service is an interactive online tool on AGSLab.com, providing an enhancement to AGS Laboratories' Diamond Quality Document (DQD) by offering supplementary diamond quality information.
Avi Krawitz of Rapaport News details a decision by the Israel Diamond Exchange (IDE) to enforce a new rule compelling a dealer to cancel the sale of a rough diamond after he failed to disclose that a stone underwent value analysis using a Sarine Galaxy machine. Krawitz has been informed it is the first ever enforcement of new guidelines the World Federation of Diamond Bourses (WFDB) adopted in May aiming to keep a level playing field between both parties trading rough diamonds.
HRD Antwerp, the Antwerp based grading lab, officially opened a first Centre of Excellence in Shanghai, a concept that combines the strenghts of the grading lab and select retailers across the globe, aimed at increasing consumer confidence and knowledge by offering a true in-store experience.
The International Institute of Diamond Grading & Research (IIDGR), part of The De Beers Group of Companies, has unveiled a US$5 million expansion of its diamond grading and testing centre in Surat, India. The move follows the Group’s initial investment of US$10 million in 2015 to establish the facility, which has the capacity to process over US$500 million of diamonds every year.
Diamond manufacturing technology company Sarine Technologies announced in a press release the unveiling of it, "new groundbreaking technology for clarity and color grading", which it claims, "will revolutionize the way the diamond industry and consumers perceive clarity grading, and transform the polished sourcing and sorting process ... Technological standardization translates into greater credibility for the industry and increased trust for the diamond consumer." They say while carat size has traditionally been the only objectively measurable factor of the 4C’s in diamond grading, Sarine
A week after the Gemological Institute of America (GIA) announced that its Hong Kong laboratory recently identified an undisclosed chemical vapor deposition (CVD) grown diamond weighing 5.19 carats - the largest ever CVD synthetic diamond ever detected - Tom Moses, the GIA’s executive VP and chief laboratory and research officer explains to Michell Graff of The National Jeweler how lab-grown diamond certificates issued by GIA differ from their natur
Last Friday, September 30, the second of three rough diamond valuation forums initiated by the current Kimberley Process (KP) Chair, Ahmed Bin Sulayem, was held in Antwerp.
HRD Antwerp has announced in a press statement that Peter Macken has been relieved of his duties as CEO as a result of differing strategic views. The decision was taken by mutual agreement and is effective immediately. HRD Antwerp’s Executive Committee thanked Mr. Macken for his services and wishes him all the best in his future endeavors and professional career. At the request of the HRD Antwerp Board of Directors, Mr. Ari Epstein, a statutory board member at HRD Antwerp and CEO of the Antwerp World Diamond Centre, has been appointed President of the HRD Antwerp Board of Directors.
The Fancy Color Research Foundation (FCRF) is launching what it says is the first ever industry Fancy Color Rarity Evaluator (FCRE™). The Evaluator provides proprietary rarity estimates for all yellow, pink and blue fancy color diamonds based on the diamond’s carat weight, color, color intensity, clarity and shape. It will provide a range estimate for the number of such diamonds unearthed in mines each year and will allocate them a Rarity Level, from Common to Super-Stone.
In his latest contribution to the diamond debate, "Diamond Trade a Medical Diagnosis: Self-Destructive" Melvin Moss, president at Regal Imports Ltd, argues for a unified marketing strategy - together with a standardized grading system - to benefit all in the diamond value chain. Currently, the situation is one where each company is promoting its own brand, thereby working against the interests of the diamond industry as a whole. "The multitude of new proprietary brands ... are making generic diamond marketing complicated.
HRD Antwerp has found grading discrepancies at the HRD Antwerp in Mumbai lab involving a limited number of diamonds which were submitted by one specific client. HRD Antwerp said in a statement that it maintains a continuous and rigorous system of internal controls. "As HRD Antwerp is adamant in upholding its excellent reputation in terms of quality, integrity and controls, the company has taken immediate and swift action. HRD Antwerp has filed an official complaint with the local authorities and legal action against all parties involved, both internally and externally, has been taken.
The International Institute of Diamond Grading & Research (IIDGR), part of The De Beers Group, has announced the agreement of a partnership with the National Association of Jewellers (NAJ) for its diamond grading service in the UK, whereby NAJ members will benefit from preferential terms when they submit diamonds to the IIDGR’s UK lab for diamond grading, according to a De Beers press release. Commenting on the partnership, Jonathan Kendall, President, IIDGR, said: “Working with bodies such as the NAJ, IIDGR hopes to bring consistency, accuracy and in