Diamonds: A cocktail of optimism, pessimism in the midst of Covid-19 pandemic

Rough & Polished’s Mathew Nyaungwa recently attended a webinar organised by CIBJO Communications to examine consumer demand at the time of the Covid-19 pandemic, importance of data, financial models and lab grown diamonds. The webinar, chaired by Edward...

Yesterday

How Russkiye Samotsvety is coping with the current downturn

One of the key issues facing most Russian companies today is the need for an objective assessment of the new consumption decline due to the quarantine, as well as making forecasts for a way out of it. According to a RBC-Petersburg’s study made in June...

03 august 2020

Global rough diamond sales down 80-90% in value in Q2 –Zimnisky

The COVID-19 pandemic, which is spreading across the globe, having originated from China’s Wuhan has left diamond traders and buyers at sixes and sevens. Traditional diamond tenders were cancelled around March as governments imposed travel restrictions...

27 july 2020

Indian diamond and polishing industry requires forward integration - Dinesh Navadiya

Dinesh Navadiya is now the Regional Chairman (Gujarat Region) of The Gems & Jewellery Export Promotion Council (GJEPC) of India for the 3rd term. He is also the Director on the Board of the Gem & Jewellery Skill Council of India (GJSCI)...

20 july 2020

GJEPC will focus on demand generation for diamonds and jewellery in the next two years

Mr. Vipul P Shah, Vice Chairman, GJEPC and also CEO & Managing Director of Asian Star Co. Ltd. has a rich experience in the diamond industry. His business acumen and professional conduct have contributed significantly in transforming a diamond manufacturing...

13 july 2020

GIA and IBM Research join forces to transform diamond grading

29 july 2020
The Gemological Institute of America (GIA) and IBM Research, have joined forces to develop an advanced artificial intelligence (AI) system designed to revolutionize diamond clarity grading, according to a press release from GIA.
The GIA AI clarity system is built on the standards of GIA’s International Diamond Grading System™. The AI is fueled by data from tens of millions of diamonds examined by GIA’s diamond graders in the Institute’s grading laboratories around the world.
Tom Moses, GIA Ex-VP and chief laboratory and research officer says: “GIA is uniquely positioned to leverage AI and set a new bar in diamond grading standards.” “IBM’s AI technology combined with GIA’s expertise, extensive data and gemological research capabilities enables us to deliver advancements in consistency, accuracy and speed unlike any other organization,” he added.
The proprietary system, now in limited use in the Institute’s New York and Carlsbad laboratories, will expand the reach of GIA’s independent diamond grading reports. Now concentrating on most popular diamond sizes, GIA will take this diamond grading to grade more diamond sizes, shapes and qualities.
Donna Dillenberger, IBM Fellow, Enterprise Solutions at IBM Research says, “This newest application of IBM Research’s AI technology for the diamond industry combines GIA’s deep gemological knowledge and data with IBM’s leadership in AI innovation. This system has the ability to accurately and consistently evaluate the overall effect of diamond clarity features like never before.”

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished