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DMIA Calls for Action to Prevent Synthetics from Entering the Market Disguised as Natural

May 30, 2012 10:48 AM   By Jeff Miller
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RAPAPORT... The Diamond Manufacturers & Importers Association of America (DMIA) called upon domestic and international organizations, grading laboratories, governments and law enforcement to join together in a serious and committed effort to prevent the leakage of synthetic, laboratory-grown diamonds. The DMIA defined  these recent leaks as conducted by ''those who have clearly attempted to defraud and deceive.''

In a note to the industry from DMIA's president, Ronald Friedman, the group concluded that it was unacceptable for industry organizations to ''sit idly by and pay mere lip-service to problems and threats as they come to our industry, and industry leaders must be proactive and fearless in fulfilling their fiduciary responsibilities.''

The DMIA is prepared to host a meeting of all players to find a common policy and plan in attacking those who seek to defraud and deceive dealers, retailers and the consuming public.

''The commitment to criminal prosecution is mandatory in stopping this abhorrent behavior,'' according to Friedman's statement.

Tags: diamonds, DMIA, fraud, Jeff Miller, laboratory, synthetic
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