Archive

  • In a bold move to revive its heritage, De Beers announced it will cease producing lab-grown diamonds for jewelry, focusing instead on natural stones. This decision follows a tough year of declining sales and strategic uncertainties, as parent company Anglo American considers divestiture options.

    A Strategic Shift

  • This last year in the diamond industry was not what one would consider "normal". Standard business patterns disappeared, business relationships changed drastically, and traders adapted to new regulations and ways of trading. Many of us think we have seen all the possible changes one can be faced with in a year, but I believe this is just the beginning of a paradigm shift in our industry, where quality will be replaced by a new kingmaker: origin. Heraclitus said it best: “There is nothing permanent except change”.

  • GIA announced it is developing “GIA Source Verify”, a service aimed at retailers and consumers, to be launched in the near future, using “third-party verified documents, such as KP certificates and invoices”, to provide “reliable diamond origin information”. Although apart from a landing page, not much information on the process behind the service is yet available, it seems GIA will be focusing on a (digital) paper trail rather than technology for the information it will include in Source Verify, which will be made available for consumers at no additional cost.

  • The Bonas Group, a global tender and auction house, announced they are adopting the Sarine Diamond Journey traceability program and will offer stones with a registered geographical origin.

    Bonas brings diamond output directly to the market. Therefore, the origin can be confidently assured. The diamonds will be registered using the Sarine Diamond Journey ecosystem. The rough diamonds will be accurately scanned, allowing their subsequent traceability throughout the polishing process, providing retailers reliably traced diamonds from varied origins.

  • Antwerp Jeweler Beldiamond teamed up with digital transparency company Everledger to offer diamonds backed by blockchain. Thanks to this technology, the journey of a diamond can be entirely traced and recorded, creating its own unique digital identity. According to Beldiamond, blockchain technology paves the way for diamond sourcing to become even more transparent and responsible.