The diamond-grading sector is changing, with laboratories carrying out origin verification and other added services to benefit the industry, panelists said on a Rapaport webinar this week.
While the sector used to focus solely on diamonds’ physical characteristics, increased consumer and trade demand for provenance information has led labs to branch out into other disciplines. They are also embracing technology such as QR codes and experimenting with digital reports.
The webinar, sponsored by the International Gemological Institute (IGI) and moderated by Rapaport News Editor Joshua Freedman, addressed these issues and more as the future of diamond documentation came under the spotlight.
“Diamond Reports in a Digital World” featured three panelists offering different perspectives on the industry: Hasu Dholakiya, founder of India-based diamond and jewelry manufacturer H.K. Designs; Leanne Kemp, founder and CEO of Everledger, a provider of technology solutions to increase supply-chain transparency; and Avi Levy, president of IGI North America.
The session was the third of a series titled “Fast-Tracking the Future,” brought to you by IGI. Watch the recording of the latest episode here: