Israeli company develops tech that measures diamond clarity, color

World Today

When it comes to diamond buying, China is one of the world’s biggest markets. With that in mind, one Israeli company has developed groundbreaking technology that accurately measures a diamond’s clarity and color. The technology also simplifies the buying process, enabling consumers to browse gem reports online.

CCTV’s Stephanie Freid reports.

Israeli company develops tech that measures diamond clarity, color

When it comes to diamond buying, China is one of the world’s biggest markets. With that in mind, one Israeli company has developed groundbreaking technology that accurately measures a diamond’s clarity and color. The technology also simplifies the buying process, enabling consumers to browse gem reports online.CCTV’s Stephanie Freid reports.

The old school method for measuring diamond quality. Subjective, with a margin of error due to human miscalculation, versus new technology that uses algorithms to scan color and clarity – factors that determine a diamond’s quality – and price.

Mistakes can cost consumers thousands or even tens of thousands of dollars. An automated system uses multiple cameras and varied lighting to measure diamonds. It then generates a profile that is uploaded to a virtual cloud.

The technology allows consumers anywhere in the world to view diamonds and their stats online, doing away with the need to physically go to a diamond vendor for assessment.

The advance is critical for Israel – the world’s third biggest diamond market – particularly when it comes to business with China.

Israel exports forty percent of its annual seven billion dollar trade to Asia.

As China’s economy grows, Israel’s diamond dealers are expanding there. Currently there are more than 100 offices operating in Hong Kong and mainland China.