Word Origin: Noun A system of moral principles in ethics and culture.
Read more: DCLA
Sunday, 21 December 2014
Monday, 15 December 2014
Thursday, 11 December 2014
$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
Wednesday, 10 December 2014
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.
Read More: DCLA
Wednesday, 3 December 2014
Sunday, 30 November 2014
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).
Read More: Trust
Monday, 10 November 2014
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.
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.
Subscribe to:
Posts (Atom)
Tiffany Buys Back Titanic Watch for Record $1.97m
Tiffany & Co paid a record $1.97m for a gold pocket watch it made in 1912, and which was gifted to the captain of a ship that rescued mo...
-
More than ever before, today’s jewelry store manager has to be a know-it-all. He or she must understand new technolog... -
The number of bidders at the recent 2019 Argyle Pink Diamonds Tender saw double-digit growth with buyers vying to get their hands on...
-
The Gemological Institute of America (GIA) has updated the language in its lab-grown-diamond certificates to ...
