Login

Vallabhbhai Shamjibhai Patel tells about the ongoing construction of the Surat Diamond Bourse

The under-construction Surat Diamond Bourse (SDB) is India's second diamond trading hub based at Surat, Gujarat, spread across 35.54 acres with more than 4,000 offices for national & international traders. On the onset, the project which...

Yesterday

The strategy of regulating the Russian jewellery industry

At the General Meeting of the Russian Jewellers Guild Association held in April, two principally important documents were adopted: The Strategy of Regulating the Jewellery Industry of Russia and The Charter of a Good Faith Taxpayer. Besides, the issues...

13 june 2018

Our first priority is to better understand artisanal and small-scale mining - Elodie Daguzan

The Diamond Development Initiative (DDI), the organization dealing with the traditional diamond mining, recently announced the appointment of Élodie Daguzan as its first Goodwill Ambassador. Ms. Daguzan, who currently works as head of communication...

04 june 2018

Zimnisky on De Beers’ Lightbox: It’s a strategic, bold move that will benefit the entire natural diamond industry

De Beers shocked all and sundry end of May when it announced the launch of a new company called Lightbox Jewelry, which will market a new brand of laboratory-grown diamond jewellery in September. This effectively meant that the group had departed from...

01 june 2018

Tracking the provenance and lifecycle of a product is a natural and necessary evolution in our industry

A senior executive with a demonstrated history of working globally at management and board levels, Marcus ter Haar has been the Managing Director at Okavango Diamond Company (ODC), Botswana for about 10 months now, prior to which he held the...

28 may 2018

De Beers’ IIDGR takes diamond verification, inscription technology to Singapore

16 october 2017
De Beers subsidiary, the International Institute of Diamond Grading & Research (IIDGR), will provide diamond verification services to Singapore Diamond Mint Company (SDM)’s new investment-grade diamond product, Diamond BullionTM.
Diamond BullionTM was listed on the Singapore Diamond Investment Exchange (SDiX).
“Thanks to our range of industry-leading technologies, IIDGR is rapidly becoming the byword for confidence and assurance in the international diamond sector, and we’re delighted to be providing our diamond verification and proprietary inscription services for this exciting new initiative,” said company president Jonathan Kendall.
IIDGR would use its proprietary diamond inscription technology to inscribe a unique identification number on the tables of each diamond used in the Diamond Bullion, which would confirm the natural origin of each diamond sealed in the bullion.
The diamonds are then transferred into the bullion by SDM once inscribed, and verified by IIDGR through a Master Report that confirms the bullion meets with SDiX’s product specifications, prior to it being traded on the SDiX.
SDM director Alain Vandenborre said the unique inscription that IIDGR placed on every diamond inside the Diamond Bullion allowed all of the diamonds to be tracked and verified, providing investors with the highest level of confidence in this revolutionary new diamond investment product.
“IIDGR’s industry-leading technology, backed by De Beers Group’s 120-year diamond history and expertise, makes it the ideal partner to SDM and SDiX,” he said.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished

Comments

Only registered users can add comments (Register, Login)