DiamondBuzz
De Beers Sightholders report shortages of large diamonds
Rough diamonds above 5 carats were in tight supply at this week’s sight, customers reported, with explanations ranging from production cuts to ’ strategy of withholding supply. The February trading session saw stable prices in the vast majority of categories, as the miner maintained its policy of not flooding the market, insiders said this week.
The lack of large stones has puzzled some, since De Beers is reportedly sitting on $2 billion of inventories, its largest since the 2008 financial crisis. Many market insiders viewed it as a positive that these sizes were hard to find, reflecting that the categories had sold better in the past few sights. The resultant polished — mostly 2 carats and larger — has performed better in the recent downturn than 0.30- to 2 carat goods.
Some point to a tactical effort by De Beers to limit supply — either to protect the market or to reward sightholders that purchase less sought-after items.
SOURCE: RAPAPORT
DiamondBuzz
De Beers Group Science & Technology Showcases SynthDetect 2: The World’s Most Versatile Automated Diamond Screening Instrument
SynthDetect™ 2 Delivers Faster Screening, Greater Automation and Enhanced Reporting For Diamond Trade Participants.
SynthDetect™ 2 builds on the leading-edge technical capabilities of its forerunners, adding greater automation, more effective reporting and faster throughput.
Collaborative approach to development means the instrument integrates effectively with diamond companies’ operations.
De Beers Group’s Science & Technology division today revealed SynthDetect 2, the next generation desktop diamond screening instrument. The first SynthDetect instrument and its successor SynthDetect XL– released in 2017 and 2018 respectively – have been among the most successful instruments in De Beers Group’s suite of diamond verification instruments due to their outstanding technical screening functionality and ability to test multiple stones in set jewellery at once without the need for a probe.
With SynthDetect 2, De Beers Group Science & Technology has worked closely with a range of trade participants to innovate on how best to integrate the technology with customer operations. This process has resulted in the development of an instrument that makes the diamond screening process significantly easier, faster and more cost-effective for diamond manufacturers, laboratories, and retailers’ back-office operations.
SynthDetect 2’s increased screening speed, throughput and productivity mean that the time taken for a full tray scan has been reduced from around 30 minutes to under five minutes. The instrument can screen more types of diamonds and jewellery than previous versions, while increased automation reduces the need for operator input, helping to reduce costs in the screening process.
With the instrument also offering automatically generated reporting and software updates, SynthDetect 2 provides a comprehensive screening tool for trade participants.
Sarandos Gouvelis, Senior Vice President for Science & Technology at De Beers Group, said:
“We have worked closely with industry partners to ensure that SynthDetect 2 is not only tailored to meet diamond companies’ screening requirements, but also to meet their operational needs. Through this process of collaboration we are proud to introduce SynthDetect 2, providing the trade with an instrument that will integrate seamlessly into their operations, marrying outstanding technical performance with enhanced speed, cost and efficiency.”
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