The Hindu Business Line : Minimum standard soon for diamond grading labs

The members of International Diamond Manufacturers Association (IDMA) and World Federation of Diamond Bourses (WFDB), at a recent 4-day general assembly meeting of the global bodies in Tel Aviv, Israel, have decided to set in motion a process, whereby, a minimum standard would be set for recognised diamond grading laboratories.

A Committee has been formed under the auspices of the International Diamond Council (IDC), which would be responsible for initiating discussions with all the grading labs to define and harmonise such standards.

The Tel Aviv meeting, according to the Gem & Jewellery Export Promotion Council (GJEPC), focused specifically on issues that influenced the position of manufacturers in the diamond business globally, and on measures to enhance consumer confidence.

Mr Vasant Mehta, Member, Committee of Administration, GJEPC, representing the Indian diamond industry at the general assembly of the two global bodies, presented the India Diamond Report 2005, the industry trends for early 2006 and the future projections to an international audience.

General Assembly

Mr Mehta has been re-elected for the third-term as Vice-President of IDMA. Simultaneously, Mr Anoop Mehta, President of the Bharat Diamond Bourse, has been re-elected, also for the third-term, on the committee of WFDB.

The general assembly unanimously re-elected Mr Jeffrey Fischer for a second time as President. The diamond manufacturers body, convened for the first time way back in 1946 in Antwerp, Belgium, currently comprises 12 diamond manufacturers associations from countries such as the US, Belgium (two associations), Germany, South Africa, India, the Netherlands, Israel, China, Sri Lanka, Thailand and Russia.

More Stories on : Gems & Jewellery | Standards & Benchmarks

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page