CIBJO signs on to IDC diamond rules

Diamonds

Save

E-mail

CIBJO signs on to IDC diamond rules

Organizations agree on diamond nomenclature, grading standards

June 13, 2008

Similar Stories | Topics

STORIES

IDC releases new rules on diamond grading

International Diamond Council appoints new chairman

IDL appoints chief quality officer

CIBJO previews congress agenda

Antwerp, Belgium—Three international diamond trade organizations have come to a consensus on what to call lab-grown diamonds as well as standards for diamond grading.

According to a release from the International Diamond Council (IDC), during the 33rd World Diamond Congress held in Shanghai, China, in May, the two organizations that make up the IDC—the World Federation of Diamond Bourses and the International Diamond Manufacturers Association—came to an agreement with the World Jewellery Confederation (CIBJO) that all three would abide by the new IDC rules.

The new IDC rules broaden the range of terminology that can be used for gem-quality diamonds that have been created in a laboratory or factory. The IDC dictates that these diamonds be called "synthetic," "laboratory grown," "laboratory created" or "man made," and these descriptors must always be followed by the word "diamond" or "diamonds."

In addition, the term "cultured" cannot be used to describe gem-quality, lab-grown diamonds.

Currently, CIBJO's Diamond Blue Book only allows the use of the word "synthetic" to describe these stones.

In addition, these three organizations agreed to recognize the revised IDC rules for grading diamonds.

IDC Chairman Stephane Fischler called this achievement a milestone event.

"Concerning diamond nomenclature, we have been aiming to get IDC—i.e., WFDB and IDMA—in line with CIBJO for many years. This important achievement bodes well for the development of the future of international diamond-grading standard and nomenclature," he said.

Save

E-mail

Diamonds

Industry calling for swift action on Zimbabwe

Jewelers of America is calling on the Kimberley Process to fully and quickly implement a work plan to address the serious concerns surrounding Zimbabwe's non-compliance with the Kimberley Process Certification Scheme, the system designed to keep conflict diamonds out of the international trade, and the reported human rights abuses in the Marange diamond fields. Read More

Sotheby's reports record-breaking sales in Geneva

Diamond symposium focuses on 'new normal'

More Diamonds

More Like This

IDC releases new rules on diamond grading

July 10, 2008 | National Jeweler Network

IDC releases new rules on diamond grading

July 10, 2008 | National Jeweler Network

International Diamond Council appoints new chairman

September 12, 2007 | National Jeweler Network

IDL appoints chief quality officer

December 06, 2007 | National Jeweler Network

CIBJO previews congress agenda

March 25, 2008 | National Jeweler Network

Video

Retailer Toolbar

America's Best Jewelers
Join the ONLY Social Network for Jewelry Retailers. Get access to expert content, peer best practices, and more.
Start networking today.

Newsletters
Topic-specific newsletters that deliver the latest news on jewelry, diamonds, wholesale operations and high-volume buying directly to your in-box.

ReaderConnect
Supplier information presented with every article, bringing you related, actionable content on every topic.

Yellow Pages
A comprehensive listing of associations, organizations, suppliers and services for the jewelry industry.

Classifieds
A comprehensive listing of job postings, product offerings and other materials for sale for the jewelry industry.

CustomerConnect
The most sophisticated suite of marketing services available for jewelry retailers, from Internet tools to data marketing.