Connect with us

Headlines

Major Diamond Hub Takes Stand Against Undisclosed Synthetics

Published

on

The trading hub hopes to “lead by example and send a clear signal” on the issue.

The diamond industry in Antwerp, Belgium, is taking a stand against undisclosed synthetic diamonds by committing to a new set of rules starting next year.

The area’s four diamond exchanges will follow the guidelines of the World Federation of Diamond Bourses, according to Rapaport News.

Enforcement of the guidelines means there will be “an obligation to provide a clear description of goods on invoices and memo documents,” the website reports.

The policy also means that traders who don’t stick to the rules will be disciplined.

It’s important that the Antwerp diamond industry “lead by example and send a clear signal” on the issue of synthetic diamonds in order to ensure trust in the diamond business, said Willy Rotti, president of the Federation of Belgian Diamond Bourses, according to Rapaport.

Antwerp’s Diamond Quarter is the largest diamond district in the world.

Advertisement


Read more at Rapaport News

Continue Reading
Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

Retirement Made Easy with Wilkerson

The store was a landmark in Topeka, Kansas, but after 80 years in business, it was time for Briman’s Leading Jewelers to close up shop. Third generation jeweler and owner Rob Briman says the decision wasn’t easy, but the sale that followed was — all thanks to Wilkerson. Briman had decided a year prior to the summer 2020 sale that he wanted to retire. With a pandemic in full force, he had plenty of questions and concerns. “We had no real way to know if we were going to be successful or have a failure on our hands,” says Briman. “We didn’t know what to expect.” But with Wilkerson in charge, the experience was “fantastic” and now there’s plenty of time for relaxing and enjoying a more secure retirement. “I would recommend Wilkerson to any retailer considering a going-out-of-business sale,” says Briman. “They’ll help you reach your financial goal. Our experience was a tremendous success.”

Promoted Headlines

Most Popular