Technology speaks louder than any optical skill!

Natural diamond is a diamond,

Rare and a real sparkle! 

India is the global diamond leader and is manufacturing about 94% of total global diamond! Yet the unique global diamond leader, India has passed through the ages! Even Opera house- Mumbai, the much known area was the only known where crores of Rupees of diamonds deal can be on the road side! Over the years, the whole of the diamond business is shifted to Bharat Diamond Bourse (BDB) in Mumbai. 

In the BDB, numbers of new GenNext have taken a business charge from their old guards. Now de facto India is led by millennial and GenNext entrepreneur in the diamond business too! In the row, I just talk to Parin Shah, MD-Nine Diam. There was a general talk about the changing landscape of the diamond industry! 

We focussed on mined diamond and manmade diamonds. He said, upon arriving LGDs new segment of fashion jewellery has opened up. Technology can offer bigger and wider table in LGDs that creates a huge impact on diamond studded jewellery segment!

Parin said, initially it was understood and it’s true that LGDs and mined diamonds have own segment and own class! Yet, the technology that brought an edge to CVDs and that was not easy to identify if it is mixed with mined diamonds! 

This challenge opened up an area to develop a wider range of identifying technology! Yet, ill practitioner find out that if CVDs are passed through a process of HPHT radiation, can be a safe and technology cannot find out from a mix with mined diamonds! And here role laboratory & extensive identification technology comes.

Sooner, Optical way to evaluate diamond has stopped and now we are relying on technology, Lab report that specifies if it is LGDs or a mined diamond. Even if the diamond is simulant or processed HPHT radiation or else that can be specified in diamond certificate!

Overall, as of today, virtually every player relies on lab certificate. Yet is to say, these tech-n-tools have specified both the segment clearly with certification. Equally, diamond fraternity & diamond trade bodies have zero tolerance for such ill practice of mixing.

This commerce without morality and such mixing had shaken the market! Swiftly industry was losing their luster & sparkle of buyer confidence! The Industry was pushed to a buyer trust deficit zone!

As of today, the diamond trade bodies and well developed technologies have maintained buyer trust & any such turmoil of buyer trust deficit is escaped away. 

Even governments, including India, Belgium and US have played a good role. While I am saying US, its’ FTP guideline is referred for LGDs & mined diamond.

In the changing landscape of diamond industry, it is saying that nobody is shying away of announcing that they deal LGDs. Number of brands has entered in the LGDs diamond jewellery segment clarifications including Lightbox! Lightbox is from DeBeers. 

Parin said, LGDs have own class fashionistas and fashion lovers! They are enjoying notable colour diamond jewellery, design-n-crafts! Else we know the natural fancy color diamond has own price, especially pink. It has become more valuable upon the closing of known Argyle mine, while LGDs are providing several colors including blue & pink! 

Focusing on mined diamond, Parin said, this business will remain as it is. No LGDs can replace it. Natural diamond has own class! They know, end of the day, no fashion jewellery remains valuable! That loses a value. LGDs have no re-sale value! While natural diamond is a diamond, rare and a real sparkle! 

De facto there should not be any comparison between the two segment of mined & LGDs, fashion & values! Yet, I fear that those days have gone long back when our ancestors were evaluating diamond with their optical intelligence, this is shifted to tech-n-tools!