Connect with us

Press Releases

GJEPC Chairman Announces Moves to Deal with Undisclosed Mixing of Lab-Grown Diamonds

mm

Published

on

(Press Release) Gem and Jewellery Export Promotion Council (GJEPC) Chairman Praveenshankar Pandya has announced moves to deal with the ongoing issue of the undisclosed mixing of synthetic stones with natural diamonds.

He made the comments on Friday, the second day of the India International Jewellery Show (IIJS).

Following a meeting of representatives from industry bodies and other representatives, Pandya announced the establishment of what he called an International Diamond Monitoring Committee in a bid to eliminate the problem of undisclosed mixing of lab-grown diamonds which has been mostly reported in India.

As a result, the GJEPC will be offering its members to pay half the cost of machines that can detect whether a diamond is lab-grown following consultations on which machines can best achieve that aim due to the large number of machines on the market, he told a press briefing.

Pandya clarified that he was not against trading in synthetic stones, but that there needed to be a clear distinction between lab-grown and natural, mined diamonds in order to ensure that consumer confidence worldwide was not damaged.

The committee’s members – who are from the main diamond centers and who will hold their next meeting at the September edition of the Hong Kong Jewellery and Gem Fair – also discussed the need for clear nomenclature for synthetic stones and separate import/export codes, he said.

Advertisement

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

When Liquidation Is the Best Option, This Legendary Jeweler Chose Wilkerson

George Koueiter & Sons Jewelers, a 65-year old jewelry institution in Grosse Pointe, MI, had always been a mainstay in this suburban Detroit community. But when owners George and Paul Koueiter were ready to retire, they made the decision to close rather than sell. “We decided our best option to do the liquidation sale was Wilkerson,” says Paul Koueiter. The results, says George Koueiter, exceeded expectations and the process was easy. “Wilkerson just kept us in mind,” says George. “They never did anything without asking and whatever they asked us to do was just spot on.”

Promoted Headlines

Most Popular