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Tech Pioneer Sees Future for Synthetics in Israel
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Israel has an opportunity to forge a new specialism in diamond synthesis as its polishing sector diminishes, according to a leading hi-tech executive and founder of a lab-grown venture.The country’s once-thriving diamond-manufacturing industry has mostly shifted to India, with only...
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Technology
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Jan 02, 2020
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Joshua Freedman
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Synova Launches Automated Cutter
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A technology provider part-owned by De Beers has unveiled anautomated cutting machine that, it claims, will significantly speed up diamondmanufacturing and reduce costs. Synova’s DaVinci system is the market’s first automated instrument that can produce all...
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Manufacturing
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Sep 26, 2019
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Rapaport News
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DPA Puts Synthetics Detectors to the Test
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A synthetics detector costing less than $7,000 is one of only two machines that conclusively identified 100% of lab-grown diamonds in a recent industry-widestudy.Yehuda’s Sherlock Holmes, priced at $6,495, correctlyspotted all synthetic diamonds in a “deliberately challenging” sample,according to a report...
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Technology
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Mar 05, 2019
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Rapaport News
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Lucara Completes First Sale on Clara Platform
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Lucara Diamond Corp. recorded an 8% premium in theinaugural sale of rough on its new digital platform, which it completed lastmonth, the miner reported Tuesday. Five out of seven participating manufacturers andjewelers came away with goods, with...
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Rough Markets
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Jan 08, 2019
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Rapaport News
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De Beers’ Lightbox Chief Reveals 2019 Plans
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De Beers shocked the industry in May by announcing it would launcha line of fashion jewelry featuring laboratory-grown diamonds. Lightbox Jewelrystarted selling the products online in September, and it’s now looking atexpansion options.The main opportunity to develop...
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Retail
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Dec 27, 2018
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Joshua Freedman
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Lesedi La Rona May Once Have Been 2,774ct.
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The second-largest diamond in history was probably twice as big before it broke into pieces, researchers at the Gemological Institute of America (GIA) have claimed.Similarities between the 1,109-carat Lesedi La Rona, the 812-carat Constellation and three...
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Mining
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Dec 20, 2018
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Joshua Freedman
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Chow Tai Fook Joins De Beers Blockchain
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De Beers has expanded its blockchain initiative into theAsian retail sector by signing up Chow Tai Fook, the largest diamond jeweler inthe region. Chow Tai Fook’s participation will enable De Beers to extendthe reach of the...
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Technology
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Dec 19, 2018
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Rapaport News
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Analysis: Crypto Firms Betting on Diamonds
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Somewhere between the volatility of cryptocurrencies and thestability of diamond prices lies an opportunity for investors. That is, atleast, what several new initiatives to create diamond-backed crypto-coins arebetting on.In fact, developers of these coins, or “tokens,”...
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Technology
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Dec 11, 2018
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Avi Krawitz
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De Beers Hires Tech Exec to Lead Blockchain
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Tracr,De Beers’ blockchain platform, has appointed technology executive Jim Duffy to runthe next phase of the project’s development. Duffy (pictured) joins Tracr as general manager just as the platform is starting to grow inscale, the De Beers...
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Technology
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Aug 16, 2018
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Rapaport News
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Israel Bourse Ends Cryptocurrency Deal
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The Israel Diamond Exchange (IDE) has terminated itspartnership with Carats.io because the cryptocurrency company did not haveregulatory approval, both organizations told Rapaport News. The IDE has required Carats.io to cease all...
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Technology
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Jun 26, 2018
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Joshua Freedman
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Hari Krishna Partners with Blockchain Firm
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Hari Krishna (HK) Group will receive technological backingfrom blockchain company Everledger for its diamond-provenance program. Everledger will cryptographically certify HK stones destinedfor the Indian manufacturer’s “My Diamond Story” brand, letting consumers...
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Technology
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May 31, 2018
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Rapaport News
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MID Among Investors in New Payment App
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Mobile payment app Mazalit has raised $1.9 million infunding from diamond companies, and aims to begin piloting thetechnology in the near future.Israel-based MID House of Diamonds, Benma Diamonds, Novel Collectionand HND Diamonds are...
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Technology
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Mar 08, 2018
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Joshua Freedman
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De Beers Is the New Kid on the Blockchain
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Lastmonth, dozens gathered in midtown Manhattan to learn more about De Beers’Diamond Blockchain Initiative — a project that aims to underpin confidence indiamonds by creating permanent records for them. While most know blockchain asthe technology that underlies...
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Technology
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Feb 15, 2018
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Jennifer Heebner
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De Beers Takes Further Blockchain Step
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De Beers is piloting blockchain technology for the diamond industry, working with a small number of participants to test how it works, it said Tuesday.The platform — which keeps a tamper-proof ledger of transactions — will enable a permanent digital record for...
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Technology
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Jan 16, 2018
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Rapaport News
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Sarine Unit to Sue over Alleged Fraud
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Sarine Technologies subsidiary Galatea will be taking legalaction against a manufacturer in Surat, India, claiming fraudulent use ofSarine’s Galaxy inclusion-mapping technology and software, the companyannounced Thursday. Galatea noted a long-term discrepancy between the weights...
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Technology
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Jan 07, 2018
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Rapaport News
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Diamond Midstream Improving Efficiency, Says Bain
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Tough market conditions are forcing diamond traders andmanufacturers to adjust their business models amid sluggish consumer demand, accordingto a report by management consultancy Bain & Company. While miners’ sales of rough diamonds to the midstreamleapt...
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Manufacturing
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Dec 13, 2017
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Rapaport News
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India Firm Launches Diamond-Cutting Robot
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An Indian company claims to have developed the world’s first diamond-cutting robot powered by artificial intelligence (AI).The machine, called Robomatic, takes care of positioning the diamond for cutting — a job that is currently a manual one despite...
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Technology
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Dec 12, 2017
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Rapaport News
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De Beers Taps Blockchain for Diamond Tracking
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De Beers is investing in blockchain technology that willenable the industry to trace a diamond’s entire transaction history. In a blockchain, a database stores every transaction thattakes place, as well as the order in which the deals occur, who is involved,and what...
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Technology
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Dec 04, 2017
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Rapaport News
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Polished Stocks Too Heavy for Sarine
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Sarine Technologies' sales slid in the third quarter as abuildup of polished inventories resulted in manufacturers investing less in their operations. Revenue fell 35% to $11.3 million in the three months endingSeptember 30, reported the Israel-based company,...
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Technology
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Nov 14, 2017
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Rapaport News
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Ex-Signet COO Joins Stuller
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Stuller has hired former Signet Jewelers executive BryanMorgan as its chief systems and technology officer.Morgan (pictured) — who will oversee the US-based jewelry manufacturerand supplier’s IT infrastructure — was chief operations officer at Signetbefore he left...
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Manufacturing
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Nov 05, 2017
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Rapaport News
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