De Beers has partnered with Circa, buyers of pre-owned jewelry and watches, to help authenticate pre-owned diamonds. De Beers diamond detection technology will be adopted and implemented by Circa to provide confidence to those selling their jewelry.
Actions for De Beers Partners With Circa to Offer Natural Diamond Authentication
Imagine the following: A diamond-mining company operating with self-driving trucks loads its haul of ore to the processing plant, where rough diamonds are separated from waste and arranged in their rough forms into different sizes before being sent for further aggregation. The goods are fed into machines that determine their color and clarity potential while also assessing where the stone fits best amid the many assortment options. The diamonds are then run through the company’s computer-based planning mechanism, which analyzes how to get the optimal polished yield.
Actions for Diamond Manufacturers Must Brace for Automation
Author: Surajit Dasgupta
Published 25-10-2019 12:54
Dhanteras is considered auspicious for buying gold. From last year's Dhanteras to this year's Dhanteras, gold prices are up about 20%, making investors happy. On MCX, prices of gold futures contracts edged higher by ₹82 to ₹38,434. In the previous session, gold prices had surged 0.91% or nearly ₹350 per 10 gram. Gold prices have edged higher just ahead of Dhanteras, tracking a similar move in global markets. Silver prices on MCX rose 1.85% to ₹46,844 per kg, adding to Thursday's 1.5% gain.
Indian companies filling final orders ahead of Diwali. Manufacturing slowing before the festival with factories closing until late November. Steady demand for select categories but traders struggling to sell unwanted items. Markets quiet in Israel, Antwerp and New York following Jewish holiday period. De Beers inventory up in 3Q due to weak rough demand and despite production decline -14% to 7.4M cts. Miner predicts elevated stock levels will last until 2020. Alrosa 3Q sales -37% to $611M, output +15% to 12.1M cts. Jewelry business closures +27% to 286 in 3Q, JBT reports. Signet launches synthetic diamonds at Kay and Jared. The Rapaport Group wishes all our friends a happy Diwali.