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Antwerp to take on India?
https://www.diamonds.net/news/NewsItem.aspx?tc_dailyemail=1&ArticleID=62423
https://www.diamonds.net/news/NewsItem.aspx?tc_dailyemail=1&ArticleID=62423
That's cool.Antwerp to take on India?
https://www.diamonds.net/news/NewsItem.aspx?tc_dailyemail=1&ArticleID=62423
Researchers in Antwerp have developed fully automated polishing technology that, they claim, will make the production process 10 to 20 times faster.
Interesting.
This could help Antwerp compete in natural polishing, but automation and robotics will be super important to the LGD market too. It will become hyper competitive as the cost of lab grown rough declines and cost of processing becomes the primary factor in determining profitability.
I assume these machines can be adapted to cut multiple like stones at the same time, or the technology can applied to a different apparatus. Polishing LGD will be less complicated in that the material will be uniform and yield will no longer be a main driver of craftmanship.
Just be patient. I suspect LGD will be far cheaper than that in a far shorter time than we might imagine.Bring on the machine-cut 2ct+ LGDs for $800/carat!!![]()
lol
Yes Neil, the drivers in India are maths and psychics engineers. they cost $10k a year vs Antwerp $150kRobot drivers in Antwerp may be able to compete with humans in India for a while, but robot drivers in India will still have an advantage.
Who said 1/10th of anything?Great articles. If cutting is so much cheaper in India, one tenth as much than in Antwerp as the above article said, why are diamonds from India not one tenth the price of those from Antwerp? The math does not add up.
Using CBI diamonds cut in Antwerp as an example... given they are only slightly priced higher than Indian cut diamonds, is it fair to say the Indian cutters are getting a much high profit margin than the cutters in Antwerp, say, CBI?
Who said 1/10th of anything?
Someone else commented that many of the big Co's in Antwerp are Indian. It's true. I have been in Indian firms employing Jewish graders and salespeople.
Cutting is not simply cheaper in India - Indians grasped Israeli technology in the 1990s and develpoed faster and better. Previously until then Indian cuteers were largely villagers. Now they are largely air con multi storey state of the art every device networked etc
Great articles. If cutting is so much cheaper in India, one tenth as much than in Antwerp as the above article said, why are diamonds from India not one tenth the price of those from Antwerp? The math does not add up.
Using CBI diamonds cut in Antwerp as an example... given they are only slightly priced higher than Indian cut diamonds, is it fair to say the Indian cutters are getting a much high profit margin than the cutters in Antwerp, say, CBI?
It is not that simple. For example there is no such thing as a round diamond. Hardness variations mean most are squarish, and those people think are round are actually triangular-ish.Does this mean consistently highly symmetrical diamonds from Antwerp?