Ethics in Diamonds

Word Origin: Noun  A system of moral principles in ethics and culture.

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PGJ Centre

14 Diamond Companies move into the PGJ Centre

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$2.1 billion in diamonds from Russia for Indian companies

Twelve Indian diamond companies including Kiran Gems, Asian Star and Rosy Blue India, have signed three year contracts with ALROSA at the World Diamond Conference, 

Source: DCLA

Diamond Deal between Russia and India

Russia and India to strengthen trade ties in gem and jewellery trade, By signing long term contracts, which include an agreement on direct supply of rough diamonds from Russia.

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Very relevant today.

DCLA Trustmark

The DCLA Trustmark is a definitive image that identifies jewellers selling DCLA certified diamonds - diamonds guaranteed to be independently and accurately graded to the highest recognised standards of the International Diamond Council (IDC) and the World Jewellery Confederation (CIBJO).

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Honest Diamond grading

Honest Diamond grading

Martin Rapaport has released a comprehensive editorial entitled “Honest Grading” that discloses the systematic over-grading of over one hundred thousand diamonds, valued at more than a billion dollars. Rapaport calls upon the legitimate jewelry trade to reject those selling over-graded diamonds that fool consumers into believing they are getting better diamonds than they are receiving.

The article declares that it is an unfair trade practice to grade diamonds using Gemological Institute of America (GIA) grading terminology while applying alternative standards that overgrade the diamonds. It insists that suppliers be held repsonsible for what they sell and provide full refunds in the event that diamonds re-graded by the GIA are more than one color or one clarity below the grade indicated when sold.
“The Rapaport Group is opposed to the misrepresentation of diamond quality. The over-grading of diamonds is an unfair practice that hurts consumers as it destroys the legitimacy of the diamond trade.
“Retailers who sell over-graded diamonds with GIA terminology and non-GIA grading standards are at great risk. When consumers try to re-sell their diamonds or send them to the GIA for re-grading and discover significant quality differences, there will be hell to pay.

“Consumers must be warned not to trust misleading diamond grading reports and those that sell them. Suppliers must be held responsible for the quaity of the diamonds they sell. The diamond trade must prioritize the protection of consumers above profits,” said Martin Rapaport, Chairman of the Rapaport Group.

Zimbabwe removal of tax on locally polished diamonds to be considered

Minister of Mines Walter Chidhakwa said that Zimbabwe is considering repealing 15 percent tax royalties on locally polished diamonds. This is likely be announced in the 2015 budget set for later this month

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The question is how many synthetic or Laboratory grown Diamonds are there in the market.

The Gem and Jewellery Export Promotion Council estimated current laboratory created or synthetic diamond production at 350,000 carats per year.

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GIA Suspends Diamond Duplicate Reports and Sealing Services

 

GIA reports:

 

The Gemmological Institute of America (GIA) has suspended duplicate reports diamond and diamond sealing services at all locations.

The action is being taking this action after receiving a sealed diamond for verification that did not match the data label in the sealing packet.

GIA, along with a corporate investigation firm, is investigating the circumstances surrounding the submission to determine the source of the sealing packet.

Lost, stolen or damaged GIA reports will not be replaced but the online Report Check service will show a data document.

GIA customers with concerns may submit the sealed diamonds to GIA for examination. GIA will verify that the diamond matches the report information and return it in a sealing packet at no charge.

Source: DCLA

DCLA diamond certification, Know what you are getting.

When buying a diamond the certificate reflects the quality, so the quality of the certificate should be your priority. 

DCLA has been the leader in the Australian market for 14 years with absolute consistency and accuracy. DCLA is confidence.

Geneva Jewel Auction

Christie's Geneva Jewel Auction  

Christie’s Geneva magnificent jewels Auction on 11 of November, features over 390 lots.

The jewellery auction is estimates sales to exceed $80 million.  

The auction is highlighted by a pair of earrings by Bulgari set with a 6.95 carat fancy vivid blue diamond and a 6.79 carat fancy vivid pink diamond, with an estimate of $12 million and $15 million.  

Source: DCLA

Rough diamond pricing

DCLA offers the only qualified services for rough diamonds direct from our South African DCW.

See link: Rough diamond pricing DCLA

Diamond certification and the undisclosed synthetic threat to the industry.

DCLA the (Diamond Certification Laboratory of Australia) founded in Sydney Australia in 2001, for the purpose of introducing diamond buyers and sellers to the protection necessary.

The DCLA directors are third generation diamond dealers, and produces with in depth and unrivalled knowledge in every facet of the diamond trade.

On formation of the DCLA all the necessary equipment and procedures where carefully audited by the overseeing laboratory in accordance with the IDC rules, these rules are set out by the WFDB World federation of Diamond Bourses. As well as IDMA the International Diamond Manufacturers Association.

Along with a IDC colour master diamond set  the DCLA also holds the official Cibjo Diamond master set.

DCLA has tested every diamond ever submitted for certification for all known treatments and enhancements, this is guaranteed by the DCLA. And is Something NO other laboratory in Australia can claim or guarantee.

Form this and many other reasons the DCLA is the most trusted and ethical Diamond certification laboratory in Australia and one of the most highly respected in the world.