GJEPC Calls On Diamond Firms Not to Sell/Dispose of Reports

Finance and Trade
04/03/2016 17:06

India's Gems and Jewellery Export Promotion Council (GJEPC) has called on diamantaires, traders and jewelers not to sell, throw away or give away original diamond grading reports where customers say they don't want them. The appeal follows an expose by Chaim Even-Zohar last month which revealed a New Delhi-based firm was selling CVD lab-grown diamonds with GIA natural diamond grading reports online. "The GJEPC appeal stated that the expose has affected the reputation of Indian diamond industry," The Times of India reported. "Hence, for the well-being of the diamond industry, trade members must be cautious about the misuse of certificates issued for natural diamonds by any gemological laboratory. A member should not give or sell or throw away empty laboratory certificates to prevent their misuse."

GJEPC chairman Praveen Shanker Pandya said, "Every trade member is requested to treat this as a matter of utmost significance, and take necessary steps to prevent fraudulent practices by unscrupulous traders." GJEPC regional chairman Dinesh Navadiya said, "The diamond business is based on faith and trust. The recent incidents concerning illegal trading of lab-grown diamonds have shaken the confidence of consumers in India and abroad."