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.
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Family Legacy, New Chapter: How Wilkerson Turns 89 Years of History Into Future Success
After 89 years of serving the Albany community, Harold Finkle Your Jeweler faced a pivotal decision. For third-generation owner Justin Finkle, the demanding hours of running a small business were taking precious time away from his young family. "After 23 years, I decided this was the time for me," Finkle explains. But closing a business with nearly nine decades of inventory and customer relationships isn't something easily managed alone.
Wilkerson's comprehensive approach transformed this challenging transition into a remarkable success story. Their strategic planning handled everything from advertising and social media to inventory management and staffing — elements that would overwhelm most jewelers attempting to navigate a closing sale independently.
The results speak volumes. "Wilkerson gave us three different tiers of potential goals," Finkle notes. "We've reached that third tier, that highest goal already, and we still have two weeks left of the sale." The partnership didn't just meet financial objectives—it exceeded them ahead of schedule.
