Diamex Lab: Our technology allows you to trace the history of the origin of each stone

Gleb Sverdlov, CEO of Diamex Lab told Rough & Polished in his interview below about the development of IT technologies for the market of rough and polished diamonds and jewelry.

Yesterday

The future of the market goes hand in hand with gemology

After 2019, a challenging year for the global diamond industry, we asked Yuri Shelementyev, head of the Moscow State University (MSU) Gemmological Center and president of the National Gemological Association (NGA), to share his views...

10 february 2020

Diamond industry in healthier position going into 2020

The diamond industry is in a healthier position going into 2020 due to actions taken last year, according to De Beers. Group spokesperson David Johnson told Rough & Polished’s Mathew Nyaungwa that the actions taken included reducing rough diamond production...

03 february 2020

Ethical sourcing and Diamonds Standards Organization

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27 january 2020

Ali Pastorini: Challenges make us think out of the box and be closer to customers

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together more than 1,000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

20 january 2020

Anglo calls for action against illicit mining activities as it lauds De Beers’ Tracr

06 february 2020

Players in the mining industry cannot fold their arms and allow illicit activities to continue, Anglo American chief executive Mark Cutifani has said.
“We must act,” he told delegates at the Investment in African Mining Indaba, in Cape Town. “This is how we will earn the trust that we need to continue extracting the minerals and metals that enable human progress.” 

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Image credit: afandi_ahmad_syaikhu (Pixabay)


Cutifani said its 85%-owned De Beers decided to develop Tracr, a blockchain-enabled technology platform that helps create trust among the various industry actors in the diamond sector.
This, he said, came to being in a bid to ensure diamond’s authenticity and responsible sourcing through to the point of sale in jewellery stores.
“While our diamond business, De Beers, provides roughly one-third of the global supply of diamonds by value, we were clear when we developed Tracr that this wouldn’t be a De Beers-only platform,” he said.
“Instead, we worked on building a platform that the entire diamond industry could use in the quest to be more open and transparent.”
Cutifani said since its launch, Tracr had attracted a broader base of diamond producers, midstream businesses, and retailers.
This collaboration, he said, had helped build significant momentum, and they believed that Tracr’s data-backed authentication capabilities hold tremendous promise.
“Assuring our stakeholders and wider society that the diamonds we produce are natural, ethically sourced and legitimate, carries significant value for them and the entire diamond   value chain,” said Cutifani.
“The   participation   of   several   diamond   producers, midstream businesses and retailers means that we, as a collective, can now build greater trust and efficiency, thereby improving cost and revenue performance for the trading of diamonds.”
Meanwhile, the Anglo American boss said their efforts to build trust along the diamond value chain had also been extended to artisanal and small-scale miners. 
“These are important players who make an important contribution to the global diamond industry through their artisanal mining on parts of the African continent,” he said.
“Many parts of this sector are informal and unregulated.  Its participants often lack access to established international markets and formal sales channels.”
DeBeers was currently piloting a ground-breaking programme in Sierra Leone called GemFair™.
The programme seeks to create a secure and transparent route to market for ethically-sourced artisanal and small-scale diamonds.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished from Cape Town, South Africa