Fosun International, through its holding company Yuyuan Shares, has announced that it plans to invest US$108.8 million to acquire an 80% stake in the diamond, gemstones and jewelry certification and appraisal lab, the International Gemological Institute (IGI). Headquartered in Antwerp, Belgium, IGI is a world-renowned gemological training and diamond appraisal organization, known to be the world's largest independent gem certification and appraisal institute for diamonds, colored gemstones, and jewelry.
ALROSA has introduced its long anticipated commercial detector for identifying natural and synthetic polished diamonds - the ALROSA Diamond Inspector, first introduced in 2016. The Company expects that its relatively low price ($9,900) and high accuracy will allow the detector to be in demand in Russia as well as abroad. "It will help fight unscrupulous suppliers who mix synthetic stones grown in the laboratory with diamonds of natural origin", the companys says.
The United States Kimberley Process Authority (USKPA) has elected Jerry Ehrenwald, president and CEO of the International Gemological Institute (IGI), to its Board of Directors. The authority controls the use of Kimberley Process certificates for rough diamond exports from the U.S. “We look forward to working with Mr. Ehrenwald and the IGI staff to fulfill this meaningful mission for the U.S. rough diamond industry,” said Dr. Martin Hochbaum, executive director and member of the USKPA board, in a statement.
International Gemological Institute (IGI) North America has begun a national advertising campaign on U.S. cable TV to raise consumer awareness about, and confidence in, the diamond and fine jewelry industry. The adverts started airing on Fox News, MSNBC, CNBC, CNN, HLN and Time Warner Cable NY1 News from March 14, according to an IGI statement Monday. They are focused on educating consumers about the need for independently graded and evaluated diamonds, which would in turn provide peace of mind and incentivize them to buy fine gemstone jewelry.
Leading global gem labs and machinery manufacturers will exhibit their technology and equipment for the detection of synthetic diamonds at the Diamond Detection Expo & Symposium (DDES 2015) next month. There will also be seminars and panel discussions featuring experts and trade members. DDES 2015 is being organized by The Gem & Jewellery Export Promotion Council (GJEPC) and the Bharat Diamond Bourse (BDB) and takes place on December 15-16 at the BDB in Mumbai.