De Beers buys stake in Swiss-based diamond cutting company
Diamond stalwart De Beers has acquired a 33.4% stake in Swiss-based laser microjet (LMJ) technology provider Synova, supporting the diamond group’s strategy of developing technologies that enhance the long-term value of its primary product.
The Synova-owned and -supplied patented LMJ technology, which has the potential to help diamantaires achieve higher yields, reduces the risk of damage to stress slopes and generates higher throughput owing to faster cutting times and easier processing.
De Beers says that it plans to work with Synova to develop a fully automated shaping technology with LMJ at its core, which would introduce further efficiencies to the cutting and polishing business.
De Beers CEO Phillipe Mellier says, as efficiency becomes more important for diamantaires, the new cutting technology has the potential to play an important role in the industry.
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