Forevermark Inaugurates $10M Grading and Inscription Facility in Surat

RAPAPORT... The De Beers Group opened its newest  Forevermark diamond inscription and grading operation,  the International Institute of Diamond Grading and Inscription facility, in Surat, India.  The facility represents a $10 million investment by De Beers; it is the largest facility of its kind for Forevermark and it has been equipped with leading proprietary diamond technology. 

Primarily, this facility is where Forevermark diamonds will be selected and inscribed with a unique serial number, symbolizing the brand's "promise," and perform grading services for Forevermark-branded diamonds. At full capacity, the facility it will be able to process $500 million worth of diamonds annually, according to De Beers.

Philippe Mellier, the CEO of De Beers, said, “This is an important investment by De Beers in world-leading technology, which will be an important resource for the Indian diamond trade and will cement Surat’s position at the heart of our industry. While the facility will initially focus on Forevermark grading, we will also look into the potential to widen the service in the future as another way of supporting the surrounding diamond community.”

Stephen Lussier, the CEO of Forevermark, said, “This facility will offer an improved service for Indian diamantaires and for Forevermark retailers here in India and abroad.  We can now envisage a future where polished diamonds from around the world come to Surat to benefit from this world-leading facility. ”