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India Forms Committee to Tackle Undisclosed Lab Grown Diamonds

Jul 16, 2012 4:33 AM   By Dilipp S Nag
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RAPAPORT... India’s various gems and jewelry industry associations have formed a committee to tackle the ‎issue of undisclosed lab-grown diamonds. The committee members are from the Gem & Jewellery Export Promotion Council (GJEPC), the ‎All India Gems and Jewellery Trade Federation (GJF), the Bharat Diamond Bourse (BDB) and ‎the Mumbai Diamond Merchants Association (MDMA). It will also receive input from the ‎grading laboratories.‎

Rajiv Jain, the chairman of the GJEPC, explained that ‎the committee includes importers, exporters and domestic dealers, so that action can be ‎taken if goods are not correctly disclosed. “If somebody declares [the goods to be synthetic], ‎then there is no problem,” Jain said. “But if somebody is trying to play around then this ‎committee is there to take a decision.”‎

Several hundred man-made diamonds were recently submitted to the grading laboratories in ‎Belgium, India and China to be certified as natural diamonds, raising concern that a large ‎volume of undisclosed CVD synthetic stones may have already entered the market.‎
Tags: Bachhraj Bamalwa, BDB, CVD synthetic stones, diamonds, Dilipp S Nag, GJEPC, GJF, grading, India, Lab Grown Diamonds, Labs, MDMA, Rajiv Jain, Rapaport, Synthetic diamonds
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