Understanding The Diamond Grading Business
The diamond industry has been around since 1330, and the artisans involved in the development of cut diamonds have developed the crafts over centuries. Throughout the years the diamond grading business has evolved, of course, and the industry has settled on universal standards that are determined by the human eye and a scale.
The 4Cs – Understanding the Diamond Grading System
The 4Cs system was created by the Gemological Institute of America (GIA). The institute is highly regarded as the worldwide standard for determining diamond quality. The word “4Cs” refers to Cut, Clarity, Color, and Carat weight. It is important to know this because these are the standard criteria to which everyone must conform.
However, imagine if almost all the processes required to extract, polish, and grade diamonds could be performed by machines? De Beers and other leading companies would benefit from higher efficiency and a greater degree of accuracy in diamond grading.
High-tech has now made this possible, creating an exciting new opportunity for diamond retailers.
Sarine Introduces eGrading Diamonds
An Israeli public company called Sarine introduced the very first grading technology that uses hardware and AI-powered software to accurately deliver precision grading. The technology removes the manual inspection component by automatically grading the stones at finer levels of detail, and with greater accuracy.
Another important feature is the system’s ability to perform batch grading. The bulk analysis of multiple stones provides higher efficiency and faster turnaround times. Sarine accurately measures qualities beyond the parameters of the 4Cs system. These added dimensions to eGrading bring diamond valuation to a higher level.
Brick-and-mortar retailers don’t only sell jewelry; they sell a shopping experience. Sarine enhances that experience by sharing the birth and life of each diamond. The geographical origin of the stone is documented, along with all the names and locations of artisans involved throughout the entire process.
Every diamond has a unique journey, and the documentation adds a personalized dimension, making a valuable object d’art a thing of emotive beauty. Sarine refers to this as “diamond tracing.” Moreover, customers can be reassured that the rough stones are sourced from ethical producers.
Some of us might find it ironic that technology would be the thing that creates a warmer shopping experience. But Sarine’s technology adds a human touch to the diamond grading process. This is good news for De Beers Group and others in the diamond industry. It’s also great news for consumers who want a little bit more than a precious stone.