GIA and WFDB Have Signed an Agreement

The world seems to focus on synthetic vs natural diamonds issue. The idea is to get to know how to detect one from another. A range of steps have been taken already to respond to the situation of undetected synthetic diamond. After the Rapaport Conference and diamond detecting device for smaller diamonds, the agreement between Gemological Institute of America (GIA) and the World Federation of Diamond Bourses (WFDB) was signed to crown a chain of warning events. If you want to know more about possible aftereffects, read the article below:

The agreement was announced by Ernie Blom, president of the WFDB, and Tom Moses, GIA executive vice president and chief laboratory and research officer.

The WFDB said it is committed to enforcing its stand of “zero tolerance” in the non-disclosure of synthetic stones. “The assistance offered by GIA with making these machines available to member bourses will be of great assistance in the detection of illegal mixing of synthetic and natural diamonds,” the organization said in a press release.

 “The WFDB extends its gratitude and appreciation to GIA and reiterates that all persons in the value chain need to work together to protect the industry and ensure consumer confidence.”

 The Israel Diamond Exchange said on November 20 that the GIA was providing its Technology Division with one of the machines for the use of all bourse members.

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