Industry Sets Up Internat'l Diamond Monitoring Committee to Keep Natural, Synthetic Apart

Origin Tracking
31/07/2017 11:35

From the India International Jewellery Show (IIJS) in Mumbai, GemKonnect reports on the formation of the International Diamond Monitoring Committee (IDMC), an initiative intended to ensure the separation of natural diamonds from synthetics as they pass through the diamond pipeline to the retail counter. The Gem & Jewellery Export Promotion Council (GJEPC) chairman Praveenshankar Pandya said that in addition to the GJEPC, participants at the IDMC meeting included representatives from the Bharat Diamond Bourse (BDB), the Antwerp World Diamond Council (AWDC), the Diamond Producers Association (DPA), the All India Gems & Jewellery Trade Federation (GJF), the Israel Diamond Exchange (IDE), representatives from China, Hong Kong and the US, along with jewelry retail major Signet. I

“We have to ensure separate footprints for naturals and synthetics all the way from mining to retail markets,” Pandya said, according to GemKonnect. "Tthe committee will look at issues such as standardising nomenclature and aligning the diamond processing industry with world jewellery markets.”  Pandya also remarked that the Indian industry would propose the initiative to 21 cities in the near future. These cities would all have common access facilities that would provide access to the low-cost synthetic diamond detection equipment developed by the Gemmological Institute of India (GII). These facilities could be accessed by the local retail industry to provide extra assurance to consumers. “We want to ensure that the two separate products have distinctly separate process pipelines and the IDMC initiative is going to work towards that. But we also want to give Indian consumers that extra measure of comfort by giving them the opportunity to ask their jewellers to retest the diamonds set in their jewellery and reassure them.” The IDMC is slated to meet next at Hong Kong, during the September gem and jewelry show there.

Photo: GIA