Demand will pick up once the season starts

N Anantha Padmanaban took charge as the Chairman of the All India Gem & Jewellery Domestic Council (GJC) in January 2019. He has immense hopes and confidence in the Indian jewellery sector. His motto is to ‘ensure that after the day’s business...

14 october 2019

Prospects for discovering new diamond deposits in the Arkhangelsk Province are far from exhausted

ALMAZINTECH is engaged in technical auditing and comprehensive assessment of activities performed by exploration, diamond mining and gold mining businesses in Russia and other countries, as well as carries out research and development. It employs highly...

07 october 2019

Botswana Diamonds eyes expansion of Thorny River to include Marsfontein – Campbell

Botswana Diamonds, which has a 40% stake in Thorny River, through Vutomi, said there are plans to expand the project located in South Africa to include Marsfontein once a mining permit for the latter has been awarded. Company managing director James...

30 september 2019

Diamond knife and tender system: The tight-fisted paying twice?

LLC Kristalin is the only company in Russia that manufactures microsurgical diamond blades for domestic healthcare that meet international requirements and are used in ophthalmology, neurosurgery and plastic surgery. Mikhail Zhiltsov, the company’s Deputy...

23 september 2019

Didier Giard: Stiff competition among the diamantaires is one of the factors of the price war

On September 9, 2019, the French Association of Gemmology (l’Association Française de Gemmologie, AFG) held its regular Paris Gemmological Rendez-Vous. Its organizer, Didier Giar, the head of the AFG kindly agreed to answer questions from Rough&Polished...

16 september 2019

NY company DiamHolding launches DiamTek – a new technology for diamond tagging

01 july 2019

DiamTek is a new technology for traceability, smartphone-related consumer experiences and the revitalization of the diamond financing markets, says a press note from DiamHolding.
According to the company, Scarselli Diamonds, a polished diamond trader and jewelry consignee to the trade, and Benoit J. P. Flammang, CEO at Beninvest have filed patents related to nano-laser tagging and Blockchain-based technologies, that aim to eliminate fraud, improve traceability and revive the availability of financing in the diamond industry.
The patents focus on the immutable sub-surface nano-laser tagging of diamonds and their registration on permission-based Blockchains. This technology will allow jewelers, bankers, pawnshops, insurance companies and the general public to use a proprietary voice-activated smartphone application, powered by Artificial Intelligence that uses the phone’s camera to read the tags and pull up all corresponding diamond registered information. This will not only confirm origin, verify traceability and avoid fraud, but will help establish a trustworthy marketplace for ancillary service providers to the diamond industry and the general public. The nano-laser tag does not affect a diamond’s clarity or color, as per gemological universal standards.
DiamTek tagging, Blockchain registration and intelligent smartphone reading is at the core of patent-pending technologies that also cover:
- financing platforms for either straight financing and/or peer-to-peer financing of DiamTek tagged and registered diamonds;
- a digital assets, “zero-trust” Token exchange for DiamTek tagged diamonds, which aims to boost worldwide trade by equating one Token to one diamond.
“DiamTek will help drastically enhance the consumer experience by focusing on millennials and empowering them through the use of the newly developed smartphone app to be able to access all related information, including characteristics and history, of diamonds,” says Bruno Scarselli of Scarselli Diamonds. “DiamTek will also revive financing in the diamond industry. This will mean no more financing of ‘paper’ or invoices, but the financing of uniquely identifiable and traceable assets. The patents filed are addressing solutions that will impact all vertical players in the diamond industry, from mine to smartphone literate consumers,” he adds.
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Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished