Press Releases

IGI Launches Diamond ID Report

Published

8 years ago

October 25, 2017

INSTORE Staff

It stores the evaluation and diamond together.

(Press Release) ANTWERP, BELGIUM – The International Gemological Institute formally announced its diamond evaluation card, called the Diamond ID report. Unlike other reports where the diamond is kept in a vault and the report in a separate location, IGI’s Diamond ID report stores the evaluation and diamond together in a secure credit card-size casing.

International Gemological Institute has launched a diamond evaluation card.

The ID report contains security features and a Datamatrix, that once scanned, allows users to connect directly to IGI’s data system and confirm its authenticity. IGI introduced the report in April and has since successfully integrated the ID card as part of its services for diamond dealers and manufacturers, with feedback to date well exceeding initial expectations.

The report’s compact format was created to give users a more efficient and safe way to trade stones as it can be easily shipped or stored. The new format also comes at a lower cost, requires minimal office work on the back-end for trade industry professionals and the ID card is automatically printed once the gemologists have finished the grading process. Of note, each Diamond ID report is issued according to the strict international standards and security features to which IGI adheres.

“We created the Diamond ID report with a goal of making our evaluations easier to use and safer to transport,” said Roland Lorie, IGI co-CEO. “Bringing together the report and stone in one secure place will allow industry professionals to do their work more efficiently.”

Consumers will also benefit from the evolved report style. The Diamond ID report can be carried in a wallet, making it simple to transport a diamond for an insurance appraisal or trading purposes. It’s also an ideal format for keeping track of evaluations; if a diamond owner chooses to sell a jewel, both the stone and report are together, which is essential for a seamless trade or resale.

“We strive to give consumers peace of mind with our comprehensive reports,” said Jerry Ehrenwald, IGI co-CEO and president of IGI North & South America. “The new Diamond ID report will help all our users stay organized and feel protected. We’re proud to introduce a product that will help both trade professionals and consumers.”

For more information on IGI and its offerings, visit www.igiworldwide.com.

click to Comment(Comment)

Up Next

NAJA Announces Winter Conference Program

Don't Miss

Signet Tops List of ‘$100M Supersellers’

Four Decades of Excellence: How Wilkerson Transformed a Jeweler's Retirement into Celebration

After 45 years serving the Milwaukee community, Treiber & Straub Jewelers owner Michael Straub faced a significant life transition. At 75, the veteran jeweler made a personal decision many business owners understand: "I think it's time. I want to enjoy my wife with my grandchildren for the next 10, 15 years." Wilkerson's expertise transformed this major business transition into an extraordinary success. Their comprehensive approach to managing the going-out-of-business sale created unprecedented customer response—with lines forming outside the store and limits on how many shoppers could enter at once due to fire safety regulations. The results exceeded all expectations. "Wilkerson did a phenomenal job," Straub enthuses. "They were there for you through the whole thing, helped you with promoting it, helping you on day-to-day business. I can't speak enough for how well they did." The partnership didn't just facilitate a business closing; it created a celebratory finale to decades of service while allowing Straub to confidently step into his well-earned retirement.