De Beers has acquired an equity stake in a laser company that wants to develop technology that may streamline the diamond cutting process.
By investing 33.4 percent in Synova, a Swiss company that owns a patent-protected Laser MicroJet technology, De Beers hopes to develop fully automated cutting and shaping technology that achieves higher yields, reduces the risk of breakage, and generates higher productivity due to faster cutting time and easier processing.
The company hopes to make the new technology available exclusively to its customers for an initial period, says spokesperson Lynette Gould.
“We have had great success with our technologies related to rough diamond sorting, inscription, and grading for the Forevermark program and synthetic detection,” Philippe Mellier, CEO of De Beers Group, said in a statement. “We believe this new cutting technology has the potential to play an important role in the diamond industry, as efficiency becomes ever more important for diamantaires.”