Global diamond leader installs Sydney tech
A Sydney technology company has won the heart of the world diamond industry, where it is being used to monitor thousands of precious gems, NSW Minister for State and Regional Development Ian Macdonald said. Magellan Technology’s electronic tracking technology has been installed in one of the world’s top diamond grading houses, the HRD Antwerp Institute of Gemmology, he explained.
“HRD Antwerp is one of the world’s most respected diamond testing and certification labs in the recognised centre of the international diamond business in Belgium,” Macdonald said. “Magellan’s technology is being used by HRD Antwerp to accurately monitor thousands of precious stones that pass through its testing and grading processes. Sydney technology is providing complete security for millions of dollars worth of gems in one of the world’s most exclusive industries.”
The NSW government has helped Magellan Technology with export support through its Australian Technology Showcase (ATS) program, and the company was a finalist in this year’s ATS Patrons Award for export success. Magellan teamed with Dutch firm Scanology to install its technology at HRD Antwerp.
Magellan says its technology delivers accurate identification up to 10 times faster than other RFID technologies.
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