HB Antwerp
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HB Antwerp
HB Antwerp is a diamond cutting and technology company based in Antwerp, Belgium. It was founded in 2020 by Shai de Toledo, Rafael Papismedov, and Oded Mansori. History HB Antwerp purchases rough diamonds from the Karowe mine in Botswana through a deal with Canadian mining company Lucara Diamond Corporation and works in partnership with the Botswana government. In 2020, HB Antwerp partnered with Lucara and Louis Vuitton to work on several large stones, including the " Sewelo" diamond, the "Sethunya", a 549-carat diamond, and a 1,175-carat rough diamond, all discovered in the Karowe mine in Botswana. In August 2020, they entered an agreement to purchase all of Lucara’s large stones (10.8 carats and up) and, in 2022, they signed a ten-year contract. The contract was terminated in October 2023. In 2022, the company partnered with Microsoft to verify and track mined gems; all data about their trajectory is stored on a blockchain. Later that year it partnered with engineering c ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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United Nations General Assembly
The United Nations General Assembly (UNGA or GA; french: link=no, Assemblée générale, AG) is one of the six principal organs of the United Nations (UN), serving as the main deliberative, policymaking, and representative organ of the UN. Currently in its 77th session, its powers, composition, functions, and procedures are set out in Chapter IV of the United Nations Charter. The UNGA is responsible for the UN budget, appointing the non-permanent members to the Security Council, appointing the UN secretary-general, receiving reports from other parts of the UN system, and making recommendations through resolutions. It also establishes numerous subsidiary organs to advance or assist in its broad mandate. The UNGA is the only UN organ wherein all member states have equal representation. The General Assembly meets under its president or the UN secretary-general in annual sessions at the General Assembly Building, within the UN headquarters in New York City. The main part of the ...
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Diamond Industry In Belgium
Diamond is a solid form of the element carbon with its atoms arranged in a crystal structure called diamond cubic. Another solid form of carbon known as graphite is the chemically stable form of carbon at room temperature and pressure, but diamond is metastable and converts to it at a negligible rate under those conditions. Diamond has the highest hardness and thermal conductivity of any natural material, properties that are used in major industrial applications such as cutting and polishing tools. They are also the reason that diamond anvil cells can subject materials to pressures found deep in the Earth. Because the arrangement of atoms in diamond is extremely rigid, few types of impurity can contaminate it (two exceptions are boron and nitrogen). Small numbers of defects or impurities (about one per million of lattice atoms) color diamond blue (boron), yellow (nitrogen), brown (defects), green (radiation exposure), purple, pink, orange, or red. Diamond also has a ver ...
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Diamond Cutting
Diamond cutting is the practice of shaping a diamond from a rough stone into a faceted gem. Cutting diamonds requires specialized knowledge, tools, equipment, and techniques because of its extreme difficulty. The first guild of diamond cutters and polishers (Diamantaire) was formed in 1375 in Nuremberg, Germany, and led to the development of various types of "cut". This has two meanings in relation to diamonds. The first is the shape: square, oval, and so on. The second relates to the specific quality of cut within the shape, and the quality and price will vary greatly based on the cut quality. Since diamonds are one of the hardest materials, special diamond-coated surfaces are used to grind the diamond down. The first major development in diamond cutting came with the "Point Cut" during the later half of the 14th century: the Point Cut follows the natural shape of an octahedral rough diamond crystal, eliminating some waste in the cutting process. Diamond cutting, as well as overa ...
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Non-fungible Token
A non-fungible token (NFT) is a unique digital identifier that cannot be copied, substituted, or subdivided, that is recorded in a blockchain, and that is used to certify authenticity and ownership. The ownership of an NFT is recorded in the blockchain and can be transferred by the owner, allowing NFTs to be sold and traded. NFTs can be created by anybody, and require few or no coding skills to create. NFTs typically contain references to digital files such as photos, videos, and audio. Because NFTs are uniquely identifiable assets, they differ from cryptocurrencies, which are Fungibility, fungible. Proponents of NFTs claim that NFTs provide a public certificate of authenticity or Title (property), proof of ownership, but the legal rights conveyed by an NFT can be uncertain. The ownership of an NFT as defined by the blockchain has no inherent legal meaning and does not necessarily grant copyright, intellectual property rights, or other legal rights over its associated digital ...
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De Beers
De Beers Group is an international corporation that specializes in diamond mining, diamond exploitation, diamond retail, diamond trading and industrial diamond manufacturing sectors. The company is active in open-pit, large-scale alluvial and coastal mining. It operates in 35 countries and mining takes place in Botswana, Namibia, South Africa, Canada and Australia. From its inception in 1888 until the start of the 21st century, De Beers controlled 80% to 85% of rough diamond distribution and was considered a monopoly. Competition has since dismantled the complete monopoly; the De Beers Group now sells approximately 29.5% of the world's rough diamond production by value through its global sightholder and auction sales businesses. The company was founded in 1888 by British businessman Cecil Rhodes, who was financed by the South African diamond magnate Alfred Beit and the London-based N M Rothschild & Sons bank. In 1926, Ernest Oppenheimer, a German immigrant to Britain and later ...
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Mokgweetsi Masisi
Mokgweetsi Eric Keabetswe Masisi (born 21 July 1961) is the fifth and current President of Botswana, serving since 2018. He served as the 8th Vice President of Botswana from 12 November 2014 to 1 April 2018. He was a Member of Parliament in the National Assembly for the Moshupa-Manyana constituency from 2009 to 2018. Initially having a good relationship with former President Ian Khama, who appointed Masisi as Vice President, the two later clashed over a ban on elephant hunting, and Khama has since accused Masisi of having "stifled dissent". Coming to power in the 2019 elections, the opposition claimed irregularities and electoral fraud, however an observation mission from the African Union reported that the elections were conducted transparently and met international standards. During the COVID-19 pandemic in the country, Masisi ruled by decree from March 2020 to September 2021, despite protests from the public and the opposition party. Early life and education Mokgweetsi Masisi ...
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Blockchain
A blockchain is a type of distributed ledger technology (DLT) that consists of growing lists of records, called ''blocks'', that are securely linked together using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data (generally represented as a Merkle tree, where data nodes are represented by leaves). The timestamp proves that the transaction data existed when the block was created. Since each block contains information about the previous block, they effectively form a ''chain'' (compare linked list data structure), with each additional block linking to the ones before it. Consequently, blockchain transactions are irreversible in that, once they are recorded, the data in any given block cannot be altered retroactively without altering all subsequent blocks. Blockchains are typically managed by a peer-to-peer, peer-to-peer (P2P) computer network for use as a public distributed ledger, where nodes collectively adhere to ...
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Technology
Technology is the application of knowledge to reach practical goals in a specifiable and reproducible way. The word ''technology'' may also mean the product of such an endeavor. The use of technology is widely prevalent in medicine, science, industry, communication, transportation, and daily life. Technologies include physical objects like utensils or machines and intangible tools such as software. Many technological advancements have led to societal changes. The earliest known technology is the stone tool, used in the prehistoric era, followed by fire use, which contributed to the growth of the human brain and the development of language in the Ice Age. The invention of the wheel in the Bronze Age enabled wider travel and the creation of more complex machines. Recent technological developments, including the printing press, the telephone, and the Internet have lowered communication barriers and ushered in the knowledge economy. While technology contributes to econom ...
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Sewelô
The Sewelô diamond is the third-largest rough diamond ever found. The diamond was recovered in April 2019 by the Lucara Diamond Corp in its Karowe diamond mine in Botswana. The diamond is 1,758 carats and weighs 352 grams or 12.39 oz. At the time it was found, ''Sewelô'' was the largest diamond in Botswana's history, surpassing the 1,111 carats (222 g, 7.83 oz.) Lesedi La Rona extracted at the same mine on 16 November 2015. The Lesedi La Rona was the fourth-largest diamond ever found, and the third-largest of gem quality. The gem was named through a competition held by Lucara. Out of 22,000 submissions the name ''Sewelô'' was chosen, which translates 'rare find' in Setswana. In January 2020 it was announced that Louis Vuitton had purchased the diamond for an undisclosed sum. Louis Vuitton will work with HB Antwerp to polish the diamond and cut it into smaller stones. The stone is covered with a thin layer of opaque black carbon and its surface is pitted. It is the size ...
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Louis Vuitton
Louis Vuitton Malletier, commonly known as Louis Vuitton (, ), is a French high-end Luxury goods, luxury fashion house and company founded in 1854 by Louis Vuitton (designer), Louis Vuitton. The label's LV monogram appears on most of its products, ranging from luxury bags and leather goods to ready-to-wear, shoes, watches, jewelry, accessories, sunglasses and books. Louis Vuitton is one of the world's leading international fashion houses. It sells its products through standalone boutiques, lease departments in high-end department stores, departmental stores, and through the e-commerce section of its website. For six consecutive years (2006–2012), Louis Vuitton was named the world's most valuable luxury brand. Its 2012 valuation was US$25.9 billion. In 2013, the valuation of the brand was US$28.4 billion with revenue of US$9.4 billion. The company operates in 50 countries with more than 460 stores worldwide. History Founding to World War II The Louis Vuitton label was founde ...
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