Diamond industrialist Ehud Arye Laniado is a man passionate about diamonds.
From his early 20s in Africa and later in Belgium honing his expertise in forecasting the value of polished diamonds by examining rough diamonds by hand, till today four decades later, as chairman of his international diamond businesses spanning mining, exploration, rough and polished diamond valuation, trading, manufacturing, retail and consultancy services, Laniado has mastered both the miniscule details of evaluating and pricing individual rough diamonds and the entire structure of the diamond industry. Today, his global operations are at the forefront of the industry, recognised in diamond capitals from Mumbai to Tel Aviv and Hong Kong to New York.
Over a period of 40 years, Laniado meticulously documented and analysed his findings on the prices of rough and polished diamonds. His expertise in accurately predicting the likely polished value of a rough stone – one of the most demanding and complex skills in the diamond industry – became increasingly sought-after and led to greater pricing transparency for both diamond buyers and sellers. The sophisticated data he developed led him to create two proprietary computerised diamond valuation systems for rough and polished diamonds to comprehensively classify diamond prices. In 2014, both systems were independently reviewed and deemed fit for purpose. They are already used to price diamonds worth $2 billion annually.
A visionary innovator and an influential diamond industry leader, Laniado now has a new vision which he believes will usher in a new level of diamond pricing transparency, in turn transforming the perception of diamonds, changing the landscape for individuals buying diamonds and diamond jewellery, the potential for buying diamonds for wealth preservation and the way financial institutions view the diamond sector.
Currently most diamond jewellery bought at a jewellery store loses a significant proportion of its resale value the moment a customer types in the fourth digit of their pin number. Laniado envisages that in the near future savvy consumers will have accurate diamond pricing information at their fingertips. They will know where to buy and sell diamonds at fair market prices and they will be able to do as much research into a diamond as they can currently do when buying any other object.