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The Ministry of Mines and Energy has set a $30 million budget for a five-year project to help track origin.
It’s located on 47th Street in New York’s Diamond District.
The SynthDetect XL allows for more jewelry to be screened at once, the International Institute of Diamond Grading & Research said.
A major grading lab acquisition and the retirement of a top Rolex executive were among the developments in the watch and jewelry industry last week.
Fosun, which made a bid for Gemfields last year, now owns an 80 percent stake in the diamond grading lab.
The 3.35-carat stone had a natural beryl core; glass layers were attached to it with a “colorless cement.”
Jim Duffy is the new general manager of Tracr, which is being designed to chart a diamond’s journey from mine to market.
The stone had been broken in half and put back together with an “unknown adhesive,” and couldn’t be graded by the Carlsbad lab.
National Jeweler

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Since 1906, National Jeweler has been the must-read news source for smart jewelry professionals--jewelry retailers, designers, buyers, manufacturers, and suppliers. From market analysis to emerging jewelry trends, we cover the important industry topics vital to the everyday success of jewelry professionals worldwide. National Jeweler delivers the most urgent jewelry news necessary for running your day-to-day jewelry business here, and via our daily e-newsletter, website and other specialty publications, such as "The State of the Majors." National Jeweler is published by Jewelers of America, the leading nonprofit jewelry association in the United States.