Antwerp Bourses to Take Lead Against Undisclosed Synthetic Diamonds

Polished
05/10/2016 11:12

As announced last week, the Antwerp diamond bourses will make it possible for all its members to avail of HRD Antwerp screening technology at no cost. This initiative adds a second layer of confidence, as polished diamonds imported to Antwerp from India are already checked at AWDC's Diamond Office. Still, melee and small diamonds remain of particular concern when it comes to the issue of undisclosed mixing of synthetic diamonds into parcels of natural diamands, as not every single diamond can be screened individually. The onus therefore rests on Indian suppliers to be honest. The Times of India writes that, "The Antwerp diamond industry has firmed up its stance against undisclosed synthetics and expressed an affirmative action involving four Antwerp Diamond Bourses to be among the first to actively enforce the guidelines defined by the World Federation of Diamond Bourses (WFDB) for combating undisclosed synthetics." 

Antwerp World Diamond Centre's (AWDC) CEO, Ari Epstein, on making HRD Antwerp's M-Screen (melee-screening device) available to the four Antwerp bourses free of charge, said last week: “Over the past decades, Antwerp has been a pioneer for increasing transparency, building confidence and promoting innovation in the global diamond industry. By making the M-screen available to the Antwerp diamond community, we are taking another big step forward in our commitment to a sustainable diamond industry.” Regional chairman of Gems and Jewellery Export Promotion Council (GJEPC), Dinesh Navadia had a message for Indian traders: "The diamantaires exporting polished diamonds to Belgium will have to adhere to the WFDB guidelines. They need to be extra vigilant as any mistake will earn a bad name to India." And the stakes are high, as TOI writes, "A major chunk of India's trade with Belgium is of diamonds and other precious stones, which are sent to Antwerp to be cut and polished. In the financial year 2015, for instance, India's exports of rough diamonds and gems to Belgium were valued at nearly $2.7 billion."