News

Advanced Search

Asian Groups Seek to Standardize Region’s Trade

Mar 7, 2019 3:51 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT...
 Four of Asia’s industry groups have agreed to work together on standardizing language and rules for the diamond trade.

The National Gemstone Testing Center (NGTC), the Gem and Jewelry Institute of Thailand (GIT), the Gemmological Institute of India (GII), and the China Gems & Jade Exchange (CGE) signed a memorandum of understanding (MoU) to further that effort, the NGTC said.

The signing took place at the Global Jewellery Industry and Standardization Forum during last week’s Hong Kong International Jewellery Show.

The groups launched the Asia-Pacific Gems & Jewellery Standardization Technology Alliance (AGA), which will address issues facing the international jewelry trade, unified rules and prospects for international standardization in the Asia-Pacific region.

“Standards are the common language and rules in social and economic activities, and it promotes the interconnection of the world, accelerates innovation and development, and leads the progress of the times,” said Liang Zhenjie, deputy director of the NGTC.

Standardizing the gem and jewelry trade will expand business globally and reinforce cultural exchange and integration, Zhenjie noted.

“Strict adherence to agreed-to grading standards, nomenclature and methods of testing are prerequisites for the development of the gemstone and jewelry industries in China,” Gaetano Cavalieri, president of the World Jewellery Confederation (CIBJO), said at the event.

The successful implementation of standardization procedures will affect the Chinese jewelry industry’s success outside of the country, Cavalieri added.

Image: Signing of the MoU on industry standardization. (NGTC)
Tags: AGA, Asia-Pacific Gems & Jewellery Standardization Technology Alliance, CGE, China Gems & Jade Exchange, CIBJO, Gaetano Cavalieri, Gem and Jewelry Institute of Thailand, Gemmological Institute of India, GII, GIT, Global Jewellery Industry and Standardization Forum, Hong Kong International Jewellery Show, Liang Zhenjie, National Gemstone Testing Center, NGTC, Rapaport News, World Jewellery Confederation
Similar Articles
IIDGRDe Beers Rebrands Grading Unit
Jun 25, 2019
The International Institute of Diamond Grading and Research (IIDGR) has changed its name to De Beers Group
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2019 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.