A Swiss company has developed a groundbreaking technology that can identify the country and even the specific mine of origin for any diamond. Spacecode's innovative system analyzes diamonds at a molecular level, enabling it to determine where they were mined, regardless of whether they have been registered earlier in the supply chain. The company has been in discussions with the G7 and EU nations about the possibility of using its technology to identify Russian diamonds.
According to Pavlo Protopapa, the CEO of Spacecode, the company's research began a decade ago, but it has only been in the past three years that they have developed a specific technology that can identify the provenance of any diamond. "We are the first ever to hold such unique technology, which is a major game changer all along the diamond supply chain," he said. The company plans to produce its initial units by the end of this year and offer a small, easy-to-use device that will define the country of origin of rough and polished diamonds on a large scale to the global diamond and jewelry industries by 2024.
Protopapa added that the company has received enthusiastic interest from the G7 and EU representatives in meetings, and within months, they will deliver a small, easy-to-use device that will identify Angolan, Botswanan, South-African, and Russian diamonds. Spacecode's breakthrough technology analyzes the chemical composition of a diamond on a molecular level and, with the help of Artificial Intelligence tools, creates a chemical profile of the run of the mine of a specific diamond mine. The technology identifies not only the country of origin but even the specific mine in which it was mined.
Spacecode's diamond inventory management technology already tracks more than 25 million stones, and the company has a team of 15 engineers and specialists, as well as over 300 clients. Its technology could be adopted by the G7 and the EU to impose effective sanctions on both rough and polished diamonds.
Spacecodes has developed a groundbreaking technology that revolutionizes the way we analyze diamonds. By examining the chemical composition of a diamond on a molecular level, our Artificial Intelligence tools can create a comprehensive chemical profile of the run of the mine of a specific diamond mine. This technology is so advanced that it can even identify the country of origin and the specific mine in which the diamond was mined.
Our diamond inventory management technology is already tracking over 25 million stones, and we have a team of 15 highly skilled engineers and specialists. With over 300 clients, we are proud to be at the forefront of this exciting industry.
Our technology has the potential to be adopted by the G7 and the EU to impose effective sanctions on both rough and polished diamonds from Russia. It could also be used by the Kimberley Process and other organizations to end the export of Angolan diamonds through other African countries.
At Spacecodes, we are committed to using our technology to make the diamond industry more transparent and ethical. We believe that our technology can help to ensure that diamonds are sourced responsibly and that the people who work in the industry are treated fairly.
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