Annie Doresca and Michelle Graff welcome Reggie Johnson and Sheryl Jones for a frank conversation on the state of DEI in fine jewelry.
De Beers Cuts Price on Melee Screening Device
In addition to being cheaper, the diamond screening machine is also faster and better, De Beers said.
Hong Kong--De Beers has dropped the price of the device designed to automatically batch screen diamond melee by nearly half.
The second-generation Automated Melee Screener, or AMS, is priced at $45,000, compared with $85,000 ($55,000 plus a three-year, $10,000-a-year support and maintenance charge) for the first-generation version introduced to the market in 2014.
De Beers said the AMS2 also is about 10 times faster than its predecessor and has a substantially lower referral rate, meaning that fewer diamonds need further testing. A company spokeswoman said the referral rate on the AMS2 is less than 0.5 percent, compared with 2 percent on the first version.
Here’s how the AMS and AMS2 devices work.
A user can place up to 500 carats of melee in the machine at once. After the diamonds are inserted, the machine automatically feeds the stones, table down, into a testing station.
Once the stones are tested, they are dispensed into one of five bins:
-- Pass: The stone is not lab-grown or a simulant (meaning CZ, etc.);
-- Refer: More testing is needed;
-- Refer Type II: The stone has a low concentration of nitrogen and further testing is required as it might be lab-grown;
-- Non-diamond: The stone is a simulant or lab-grown; and
-- Purge: This bin is for when the user needs to empty out the machine because, for example, they put in the wrong packet of diamonds.
The AMS device can test colorless or near-colorless diamonds as small as one point and as large as 0.20 carats and was developed to separate man-made melee from natural stones in response to growing industry concerns about undisclosed lab-grown melee in the supply pipeline.
RELATED CONTENT: 5 Takeaways on the Lab-Grown Diamond Market
De Beers’ International Institute of Diamond Grading & Research developed the second-generation AMS device. The IIDGR is a De Beers-owned facility that develops diamond testing equipment and grades stones, and has developed the other products De Beers uses to screen for synthetics, the DiamondView, DiamondSure and PhosView.
When it initially opened, the lab graded only Forevermark stones but it began accepting all diamonds in February 2016. Those who want to send diamonds to the lab can visit the contact details area of IIDGR.com to inquire about the service they want.
The IIDGR has facilities in Maidenhead, United Kingdom; Surat and Antwerp.
De Beers unveiled the AMS2 at the International Diamond, Gem & Pearl Show this week in Hong Kong.
Companies that had the original AMS machine include Kiran Gems, Tasaki, Rosy Blue and Stuller.
Jeff Gennette will step down in February 2024, passing the torch to the CEO of another notable retailer.
Artisan Martin Roberts fashioned lunar meteorites into 48 beads to create this out-of-this-world necklace.
Distinguishing natural diamonds from laboratory-grown stones – now more available than ever – has been difficult for jewelers. Until now.
As for new members, the organization welcomed Jewelers of America’s Annie Doresca and Parag Jain of Parag Diamonds.
Jacob & Co.’s new “Billionaire” timepiece features more than 200 carats of yellow diamonds.
Heidi Horten, wife of department store magnate Helmut Horten, collected jewelry from Bulgari, Cartier, Harry Winston and Van Cleef & Arpels.
De Beers Institute of Diamonds provides the very best in diamond verification, education and diamond services.
The jewelry industry insurer and solutions provider is celebrating 110 years in business this month.
The statement came as the National Retail Federation released its retail sales forecast for 2023.
Sotheby’s will auction the diamond, which it says is “arguably the most significant pink diamond to ever appear at auction,” in June.
The retailer, recently acquired by Signet Jewelers, will lay off 119 employees in July.
The Swiss watchmaker introduced 17 new models at Watches & Wonders Geneva.
As part of the promotion, Smith will share his sales expertise during a 90-minute training session.
At Watches & Wonders, the Swiss brand unveiled a follow-up to last year’s Tonda PF GMT Rattrapante.
The “rêve” collection’s engagement rings and wedding bands are geared toward “sustainability minded customers.”
A new word appears on the dial each day of the week.
Bensons Jewelers closed for good Feb. 24, impacted in part by the decline in foot traffic downtown since the onset of the pandemic.
Kolja Kiofsky has been with the crystal and jewelry company since 2010.
The Kruse GWS Auctions sale will include the replica “Taj Mahal” necklace Elizabeth Taylor made with Avon as well as a costume piece Marilyn Monroe wore.
Massimo Basei is moving up, while Chief Commercial Officer Martino Pessina is stepping down.
AGTA GemFair and the Denver Gem & Mineral Show also will have a presence on the show floor.
Sold by Christie’s Hong Kong, this masterwork of complications now holds the record for most expensive watch ever auctioned online.
The watch company expects first-quarter sales to fall as much as 15 percent due to inflation and tough comps.
Adam O’Grady, general manager of the Lightbox Lab, has taken on the new role and will report directly to Lightbox CEO Antoine Borde.
The watch marketplace gathered data from 1.3 million collectors, highlighting the most popular timepieces and exploring value appreciation.
Burgundy has opted not to exercise its option to buy the mining claims Gibb River Diamonds currently owns.