< BACK TO THE DIAMOND BLOG MAIN PAGE
25
October 2016

Like? Share!

SPECTRUM – Voices from the Diamond Industry #10

Welcome to the 10th edition of our SPECTRUM diamond news blog, with all the latest hot topics and trends from the diamond industry. There are some heavy-going geopolitical pieces featured in this edition, with Frank Kane writing for Thenational.ae on the call by the Kimberley Process for a UN Body to oversee the global diamond trade and Dipanjan Roy Chaudhury reporting for Indiatimes.com that India is likely to sign a diamond deal with Russia. But there are also some educational and fun pieces, like Michelle Graff’s list of 7 Mistakes of Christmas Past for National Jeweler Magazine and our Diamond Tweet of the Week from @CelsteelDiamond, talking about the history of the Beluga Diamond which weighs in at 103 carats, and more…

7 Mistakes of Christmas Past

National Jeweler Magazine Online

By Michelle Graff

Apart from being an excellent source of interesting tidbits about diamonds and jewelry, The National Jeweler Magazine have put together this wonderful list of 7 Jewelers who share their biggest holiday season blunders and lessons learned. Take as one smile-inducing example, Cathy Calhoun of Calhoun Jewelers in Royersford, Pa. She used to run an annual Oscars bash with ‘Carat’ cake housing surprise gems for her guests to enjoy. Until word got out about the little treats in the cake and pandemonium broke out. The lesson learned: Know when an idea has run its course. What was fun and created buzz in the beginning soon evolved into an over-advertised mini-nightmare complete with cake-crazed children. Well done to the National Jeweler and Michelle Graff for putting out such an educational piece.

 

Kimberley Process Chairman Calls for UN Body To Oversee Global Diamond Trade

www.thenational.ae

By Frank Kane

Frank Kane writes for The National Business Section about recent call by the UAE, as the chair of the Kimberley Process (KP) organisation that regulates the global diamonds trade, for a permanent body under the auspices of the United Nations to oversee the multibillion dollar business. Ahmed bin Sulayem, who heads up the UAE’s KP chairmanship for 2016, has written to all members of the Civil Soc­iety Coalition (CSC), the group of non-governmental bodies involved in the diamond trade, asking them to back the new proposal for a UN body as a “genuine effort to bring back peace into the KP family in the interest of all stakeholders”. Read the full report to understand what this will mean for the diamond industry.

 

India Likely to Sign Diamonds Deal with Russia

economictimes.indiatimes.com

By Dipanjan Roy Chaudhury

According to this Indiatimes.com report, India could soon put in place regulations to end the role of intermediaries in the import of rough diamonds from Russia that would expand bilateral trade and boost this lucrative industry which involves hundreds of traders and workers from Prime Minister Narendra Modi’s home state of Gujarat. Apparently issue will be discussed when Modi meets Russian President Vladimir Putin when the two meet in Goa on Saturday at the 17th edition of the annual summit. These new regulations could mean a relaxation of the restrictive taxation and customs procedure which Indians have to follow when importing rough diamonds. But is that a good thing?

 

How One Artist Is Turning Beijing’s Smog into Diamonds

www.bloomberg.com

Just when you would be excused for thinking this week’s SPECTRUM blog was all heavy-going geopolotical analysis of the industry, we are delighted to share this story with you. This fascinating story, debuts Dutch artist and designer Daan Roosegaarde’s “Smog Free Tower” which is now operational in the Chinese capital of Beijing. Using a positive ionization process, the air-cleaning tower captures tiny particles suspended in the air and filters them out. Since more than 40 percent of the collected pollution is carbon, he has struck on a novel innovation: using high pressure to convert the residue to diamonds, which can be sold as jewelry. It’s certainly an innovative way to clean up the environment and create something beautiful out of something so unclean.

 

Dad Rocks! Washington Father, Daughter Find Big Diamond In Arkansas Park

www.nydailynews.com

Who knew there was a park in Arkansas where you could pay $8 to enter and dig around for diamonds, and the best part is that you get to keep what you find. That’s exactly what happened when father, daughter team Dan Frederick, 52, and his daughter Lauren, 23, found a 2.03-carat white diamond less than an hour after entering Arkansas’ Crater of Diamonds State Park, and all for the lowly price of $16. We know where we are headed for our next family vacation.

 

Diamond Tweet of the Week is brought to you by @CelsteelDiamond, talking about the history of the Beluga Diamond which weighs in at 103 carats.

 

 

 

 

We hope you enjoyed this week’s SPECTRUM blog post, be sure to respond in the comments or tweet us @SarineTechltd or follow us on LinkedIn.

Subscribe to the Diamond Blog

Get the latest technology, grading and retail news straight from the source, straight to your inbox.


MORE FROM THE DIAMOND BLOG

The State of the Diamond Industry in 2019: Challenges & Opportunities

Today, the diamond industry is more complex and dynamic than ever, and technology has only deepened the challenges faced by industry players at every stage of the diamond pipeline. At Sarine, our technologies scanned more than 70 million diamonds in 2018, enabling us to take a broad consideration of the changes happening now in the […]

3 Retail Technologies & Trends that are Changing the Consumer Experience

Recent years have seen a spike in the number of retail stores that are closing down. In 2017, there was a record-setting estimate of approximately 102 million square feet of retail space that went out of business. Retailers worldwide are facing significant challenges, and the main culprit is the internet. We live in a world that […]

The Sarine Diamond Journey™ Provenance Report Goes to Africa

Recently, it was announced that a leading diamond manufacturer in Africa, Schachter & Namdar, has adopted the Sarine Diamond Journey™ provenance reports for its two exclusive diamond brands – Brilliant Rose and Proudly South African. This announcement comes at a time when diamond traceability and provenance are the fastest-growing issues in the diamond industry. Today, […]

5 Diamond & Jewelry Trends for 2019

We’re already well into the year, but 2019 is shaping up to be a bold one in diamonds and jewelry. Designers are pushing the envelope with new, creative styles, and reaching back to revive retro trends. Whether it’s a new fancy diamond shape, an engagement ring worn on the pinky, or a chunky chain of […]

SPECTRUM – Diamond Industry News #28

Love is in the air in this edition of SPECTRUM, Sarine’s monthly roundup of diamond industry news and trends. This week, we are celebrating Valentine’s Day with a great piece about how to choose the perfect engagement ring from Good Morning America, and a showcase of 15 gorgeous Valentine’s jewelry gifts, compiled by Business Insider. […]

The History and Future of Lab Grown Diamonds

In 2015, photographer Dillon Marsh undertook a fascinating project to demonstrate visually just how much natural diamond has been extracted from a diamond mine during its entire lifetime. In one dramatic example, a photo of the Kimberley mine in South Africa – also known as the “Big Hole” – is juxtaposed with a CGI rendered […]

The Importance of Diamond Provenance in a Data-Driven Age

In breaking the frontiers of the diamond industry, from manufacturing to retail, technology must strive to reach beyond what it can do today, to the potential of what it can achieve tomorrow. At the same time, technological development that brings true change must be in lock-step with the state of the industry at the current […]

3 Ways Artificial Intelligence Affects Your Life (That You May Not Be Aware Of)

What is “artificial intelligence”? Since the very beginnings of computerization, the concept of artificial intelligence has captured the imaginations of science fiction writers and movie makers. Today, fantasy is already reality, and artificial intelligence, or AI, is implemented in a wide range of everyday applications and devices. As the technology becomes more sophisticated, and as […]

How Technology Has Advanced the Diamond Industry: Sarine Celebrates 30 Years

This year, Sarine is launching celebrations for 30 years in the diamond technology business. When Sarine was established, in the late 1980s, technology in the diamond industry was in its very earliest stages. The kinds of technologies used today by diamond manufacturers and gem labs all over the world, such as inclusion mapping, automated rough […]

How Diamonds Are Produced

After the long natural formation process deep in the earth, the diamond is extracted from the mine in its rough, raw state, and begins on its next journey – to become a polished diamond.   From mine, to jewelry store, to the engagement ring finger of its eventual owner – every diamond undergoes a long […]