February 22, 2024

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HK company develops tech to detect lab-grown yellow diamonds

According to a recent report, a Hong Kong-based developer of tech systems for detecting lab-grown, imitation and treated diamonds has created a new device aimed at amplifying the range of detectable merchandise to include all rough and polished stones in the lower yellowish-to-light-brown colour ranges.

According to the developer, this is the first device capable of identifying the yellowish gems together with the colourless to a near-colourless range of diamonds.

The way it works is that the system scans the rocks at the temperature of liquid nitrogen as opposed to examining them at room temperature.

The firm’s founder and the president noted that the aim is to provide as accurate results as possible, insisting that all diamonds being tested to detect the possible presence of synthetically-produced goods be examined at temperatures in a liquid nitrogen atmosphere.

Since this can only be done reliably and safely in a proper laboratory setting, the firm has chosen not to sell the equipment it has developed, but rather to use it exclusively as part of the service it provides the trade.

The new DND system improves that offering, widening the range of goods that can be screened to include all goods at the lower end of the standard colour range.

DND stands for Diamond Natural Device and, according to its manufacturer, the system is also capable of scanning loose diamonds and diamonds set in jewellery, in large quantities, and with no size limitations, in short periods of time.

The diamond market in Hong Kong

Another report, in-depth research on the current situation of the Gems and Jewelry industry, offers a strategic assessment of the market.

The industry report focuses on the growth opportunities, which will help the Gems and Jewelry industry to expand operations in the existing markets globally.

Gems and Jewelry refer to earrings, bracelets, necklaces, crafts, and others with a certain value, made with natural jade jewellery (minerals, rocks, biological, etc.), artificial gems, and precious metals such as gold, silver, platinum.

The report noted that the Gems and Jewelry industry concentration is very low, there are more than 50 hundred manufacturers in the world and high-end products mainly from the US and Western Europe.

The US has a long history and unshakable status in this industry. With regards, Switzerland and France are also leaders in the industry. China (and Hong Kong) also possesses the major manufacturers.

Another report noted that the size of the Gems and Jewelry Market is expected to grow by US$103.06 billion during 2019-2023.

Innovation in terms of design and manufacturing technology is one of the primary factors that will trigger the growth of the global gems and jewellery market in the upcoming years. The demand for personalized jewellery is growing among customers, as it allows them to select their desired designs and further customize their jewellery by adding gemstones and other precious stones.

Vendors are using advanced technology such as laser technology and induction technology to fulfil these requirements. Similarly, various designers are also using innovative 3D printers that use the Rapid Prototyping (RP) technology to review the design concepts, which help them in understanding the requirements and complexity in the manufacturing of any jewellery designs.

The adoption of advanced technologies will drive the growth of the global gems and jewellery market at a CAGR of almost 7% during the forecast period.

Furthermore, various e-commerce players across the world are focusing on developing a platform based on augmented reality technology. This platform will not only help the customers to virtually try the jewellery but also help them decide the perfect product match according to their need and look. Consequently, such developments will drive the demand for jewellery through the online distribution channel, and consecutively, stimulate the growth of the global gems and jewellery market.

Thus, the aforementioned company and its technology are signifiers of the start of the new growth phase in the industry and the importance of and need for technological innovation in the field.

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Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

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SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

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IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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