News

Advanced Search

CIBJO Creates Committee on Lab-Grown Diamonds

Nov 21, 2019 10:08 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT...
The World Jewellery Confederation (CIBJO) has voted to establish a lab-grown diamond committee that will determine rules for the synthetics sector.

The CIBJO board approved the move at the confederation’s 2019 congress in Bahrain, which took place from November 18 to 20. The committee will include members of an existing working group that comprises CIBJO officers, as well as representatives from the lab-grown and natural diamond industries and a gem lab. They will report to CIBJO’s Diamond Commission.

“The time has come to reach a modus operandi that is acceptable to all of us,” CIBJO president Gaetano Cavalieri said Thursday. “Unnecessary effort and time have been wasted through mutual recrimination, and ultimately it is in the interests of all sides to develop a mutually agreed-to framework that would prevent problematic incidents, such as the mixing of parcels of natural and laboratory-grown diamonds without disclosing the fact to consumers.”

The organization also set up a committee that aims to develop an understanding of the new technologies impacting the industry.

Additionally, the CIBJO board reelected Cavalieri for another two-year term and voted in two new vice presidents to join current vice president Roland Naftule. They are Jonathan Kendall of De Beers, and Pramod Agrawal, chairman of India’s Gem & Jewellery Export Promotion Council (GJEPC).

Image: Members of the laboratory-grown diamond working group. (World Jewellery Confederation)
Tags: CIBJO, De Beers, diamond commission, Gaetano Cavalieri, Gem & Jewellery Export Promotion Council, Jonathan Kendall, Lab-Grown Diamond Committee, Pramod Agrawal, Rapaport News, Roland Naftule, World Jewellery Confederation
Similar Articles
Rapaport LogoRapaport Weekly Market Comment
Dec 05, 2019
Jewelers and memo dealers gaining confidence after positive start to holiday season. E-commerce driving growth,
New YorkUS Polished Trade Continues to Decline
Dec 01, 2019
US polished-diamond imports fell 24% to $1.48 billion in September, according to the latest data from the US Commerce
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.