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TEHRAN HOSTING INTL. EXHIBITION OF GEMSTONE, RELATED MACHINERY
(ICE) – ROMA, 25 FEB – The first international exhibition of gemstones, machines, equipment, and related industries was opened at the Tehran Permanent International Fairgrounds on Thursday.
Over 70 companies are showcasing their latest products and services in this four-day exhibition, IRNA reported.
This exhibition is considered to be the largest gathering of top brands in the country’s gem industry and is organized in collaboration with the Gem Project by the Iranian Mines and Mining Industries Development and Renovation (IMIDRO).
Also, on the sidelines of the exhibition, gemstone workshops is held from the 23rd to the 25th of February. (ICE TEHERAN)
LAB-GROWN DIAMONDS PUT NATURAL GEMS UNDER PRESSURE
(ICE) – ROMA, 22 FEB – The glittering diamonds sparkle the same but there are key differences: mined natural gems are more than a billion years old, while laboratory-made rocks are new and cost less than half the price.
Man-made gems are reshaping the $89 billion global diamond jewellery market, especially in the west Indian city of Surat where 90 percent of the world’s diamonds are cut and polished.
In Smit Patel’s gleaming lab, technicians drop crystal diamond “seed” slices into reactors mimicking the extreme pressure far underground.
“Once the customer sees it for herself, they are sold. I believe this is the future,” said Patel, director of Greenlab Diamonds and the third generation of his family to deal in diamonds.
From seed to ring-ready jewels, his team takes less than eight weeks to produce a diamond virtually indistinguishable from a mined gem.
“It’s the same product, it’s the same chemical, the same optical properties,” Patel said.
Lab-grown diamond exports from India tripled in value between 2019 and 2022, while export volumes rose by 25 percent between April and October 2023, up from 15 percent in the same period a year earlier, according to the latest industry data.
“We’ve grown at 400 percent year on year in volume,” Patel told AFP.
Reactors in labs such as Patel’s are pumped full of carbon-containing gases such as methane and the crystal grows under heat and pressure.
Rough diamonds are then taken to another facility where hundreds of workers design, cut and polish the stones.
The global market share by value of lab-grown gems rocketed from 3.5 percent in 2018 to 18.5 percent in 2023, New York-based industry analyst Paul Zimnisky told AFP, and will likely exceed 20 percent this year.
That has heaped pressure on an industry already racked by geopolitical turmoil and slumping demand.
Machine-made diamonds were first developed in the early 1950s but it took technological leaps to create a commercially viable process less than a decade ago.
Producers boast that their gems come at a lower carbon cost, although there are questions about whether the energy-intensive process is any better for the environment.
Patel said his lab uses solar energy from the local grid, although others suck up electricity from carbon-heavy sources.
And while mined gem sellers say “conflict diamonds” from war zones are kept off the market through the international Kimberley Process certification scheme, lab producers argue their facilities guarantee a clean record.
Such environmental and humanitarian claims have helped make lab-grown stones a popular choice for engagement rings.
In February 2023, 17 percent of diamond engagement rings sold in the United States — the world’s biggest consumer of natural stones — used lab-grown gems, according to industry analyst Edahn Golan.
By Golan’s assessment, it is now 36 percent.
This has partly been made possible by hundreds of companies in China and India, both among the largest producers of man-made stones.
Indian lab diamond makers exported 4.04 million carats between April and October 2023, a 42 percent year-on-year increase, according to India’s Gem and Jewellery Export Promotion Council (GJEPC).
In contrast, natural diamond companies in India reported a more than 25 percent drop, to 11.3 million carats, over the same period.
While natural diamond sales during the Covid-19 pandemic surged as affluent shoppers sought to brighten lockdowns with luxury purchases, demand dropped when economies reopened.
Top companies were left holding expensive excess stock.
Ajesh Mehta from D.Navinchandra Exports, whose group is one of global diamond giant De Beers Group’s authorised buyers, or “sightholders”, said it was the worst slump in his 30-year career.
“This is a totally different kind of lack of demand,” Mehta told AFP. “Everything came like a perfect storm.”
Factors other than competition from lab-grown rivals included slowing economic growth in the all-important US and China markets, as well as oversupply and sanctions against Russian rough-cut diamonds.
India’s natural diamond industry was forced into a rare voluntary import ban on rough diamonds in October…….
Read more at: https://economictimes.indiatimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/lab-grown-diamonds-put-natural-gems-under-pressure/articleshow/107842268.cms (ICE MUMBAI)
IL GIAPPONE PUNTA AD ACCORCIARE I TEMPI DI INGRESSO DEGLI STRANIERI A UN MINUTO
(ICE) – ROMA, 19 FEB – Il governo giapponese ha annunciato che alcuni terminali elettronici in grado di elaborare sia le informazioni relative all’immigrazione che quelle doganali saranno installati in due aeroporti del Paese allo scopo di ridurre a un minuto il tempo necessario ai viaggiatori per fare il proprio ingresso nel Paese.
Il progetto avrà inizio già nel corso di questo anno fiscale presso l’Aeroporto Haneda di Tokyo e l’Aeroporto internazionale Kansai di Osaka.
Con l’abolizione delle restrizioni ai viaggi legate alla pandemia, il numero di visitatori stranieri in Giappone è aumentato e, riducendo i tempi di attesa negli aeroporti, si punta a migliorare la loro esperienza di viaggio.
I passeggeri in arrivo in Giappone – sia giapponesi che stranieri – dovranno inserire le informazioni necessarie, come il numero di passaporto e gli articoli soggetti a dazi doganali che intendono introdurre nel Paese, su “Visit Japan, una pagina web ufficiale lanciata dal governo. Una volta registrate le informazioni, verrà emesso un codice QR che il viaggiatore utilizzerà su un terminale dedicato alle procedure di ingresso. I terminali elettronici, sviluppati dalla NEC, elaboreranno sia le informazioni relative all’immigrazione che agli aspetti doganali, eliminando la necessità di compilare moduli separati.
In base ai risultati di un test tutt’ora in atto a Haneda fino alla fine di marzo, il Giappone espanderà l’iniziativa anche ad altri aeroporti. Si prevede che l’Aeroporto di Kansai riceverà un altissimo numero di visitatori per l’Expo 2025 che si terrà a Osaka. (ICE TOKYO)
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