Diamond News Archives

New patents that aim to eliminate fraud, improve traceability and revive the availability of finance in the diamond industry have been filed by Scarselli Diamonds, a polished diamond traders and jewelry consignee to the trade, and Benoit J. P. Flammang, Founder and Chief Executive Officer of Beninvest & Associates.

The patents center on DiamTek, a solution using permanent nano-laser tagging of diamonds and gems to register them on blockchain. This technology will allow jewelers, bankers, pawnshops, insurance companies and the general public to use a unique smartphone application to read the tags and browse information concerning specific diamonds. By creating this uniquely coded and blockchain-registered identifier, each diamond will be traceable. This will not only dramatically reduce the risk of fraud, but will help establish a trustworthy marketplace for ancillary services providers to the diamond industry and the general public. The nano-laser tag does not affect a stone's clarity or color as per gemological universal standards.

The DiamTek solution will be at the heart of three other patents filled by Scarselli Diamonds and Benoit J. P. Flammang:...

• DiamFin - a financing platform for straight financing and peer-to-peer financing of DiamTek tagged and registered diamonds. Erik Jens, the ex ABN-AMRO executive is helping with the development of this project.
• DiamondTokenExchange - a tokenized crypto "zero-trust" exchange for DiamTek tagged diamonds, which aims to boost worldwide trade.
• DiamondInvest - the creation of diamond investment vehicles to bring much needed liquidity to the diamond sector. Liquidity in the market will boost the demand for more tagging, which will create a full circle for revitalizing the diamond

Shelton Says Yes to Zero

Return to Gold Standard

In addition to wanting 0% rates, Shelton seeks a return to the gold standard and has written that central banks ‘are the world’s biggest currency manipulators’

Her Own Words

Please consider Judy Shelton in Her Own Words^[1].

Monetary Policy

Ms. Shelton argues that central banks’ interest-rate moves cause economic disruptions by manipulating currencies in ways that affect global trade.

Curiously, she must think that 0% rates do not cause economic disruptions.

When asked in a recent interview with the Journal’s opinion page whether the Fed should cut interest rates now, she said, “The answer is yes,” a view that aligns with Mr. Trump’s recent public comments. She said, “When you have an economy primed to grow because of reduced taxes, less regulation, dynamic energy and trade reforms, you want to ensure maximum access to capital.

Monetary Stimulus

Ms. Shelton opposed the Fed’s efforts to stimulate the economy in the aftermath of the recession, arguing that the central bank’s low interest rates and asset purchases enriched the wealthy while putting everybody else at risk of a sharp increase in inflation or a new asset bubble. “It is ironic that concern for wage earners serves to justify money pumping by the Fed that ends up largely benefiting people who have hefty stock-market portfolios, especially at a time when “income inequality” is a major White House theme,” she wrote in a 2014 Journal opinion article^[2] published after then-Fed Chairwoman Janet Yellen had addressed Congress. “Perhaps one of our elected representatives on Capitol Hill can explain to Ms. Yellen that when the low-grade fever of perpetual inflation becomes a...

Gold futures rallied Tuesday to settled back above the key $1,400 mark, recouping much of the hefty losses they suffered in the previous session. Safe havens shined brightly Tuesday “as global slowdown worries are growing,” said Edward Moya, senior market analyst at Oanda. “The initial trade truce risk-on rally is over, and markets have little to show in hopes of a trade deal getting finalized anytime soon.” August gold GCQ19, +1.48% rose $18.70, or 1.4%, to settle at $1,408 on Comex. It fell 1.7% Monday, for the largest one-day loss since June 2018, according to FactSet data.

CNBC^[1]

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

With more than 20 years’ trading experience, Ed Moya is a market analyst with OANDA, producing up-to-the-minute fundamental analysis of geo-political events and monetary policies in the US, Europe, the Middle East and North Africa. Over the course of his career, he has worked with some of the world’s leading forex brokerages and research departments including Global Forex Trading, FX Solutions and Trading Advantage. Most recently he worked with TradeTheNews.com, where he provided market analysis on economic data and corporate news. Based in New York, Ed is a regular guest on several major financial television networks including BNN, CNBC, Fox Business, and Bloomberg. He is often quoted in leading print and online publications such as the Wall Street Journal and the Washington Post. He holds...

The Gemological Institute of America (GIA) distance education programs, including student workrooms, will be available in China through a cooperative program at Shanghai Jiao Tong University (SJTU). GIA's Graduate Gemologist (GG), Jewelry Design, accelerated Graduate Diamonds and accelerated Graduate Colored Stones programs are already available on campus at SJTU. Prospective students will now also have access to GIA education programs on-campus and through distance education.  

"Education is the cornerstone of GIA's mission to ensure the public trust in gems and jewelry, and this initiative with SJTU brings us a step closer to providing more accessible gem and jewelry education to students around the world," said Duncan Pay, vice president and chief academic officer.

 "Offering distance education courses in addition to our successful eight years of on-campus programs will provide more choices for jewelry practitioners and enthusiasts in China," said Shi Jian, director of the jewelry and fashion industry research center of SJTU.

The first GIA program offered at SJTU was the GG in 2011. The offering expanded in 2012 to include the Jewelry Design, accelerated Graduate Diamonds and accelerated Graduate Colored Stones programs. SJTU has hosted 15 resident GG programs and 12 Jewelry Design courses since 2011. More than 500 students have graduated from these programs at SJTU with diplomas from GIA.

For more information, visit http://www.giataiwan.com.tw^[1] (Chinese) or https://www.gia.edu/gem-education/taipei^[2] (English). ...

References

1. ^{^} http://www.giataiwan.com.tw (www.giataiwan.com.tw)
2. ^{^} https://www.gia.edu/gem-education/taipei (www.gia.edu)