Israeli Diamond Exchange (IDE) organized a lecture on the topic of synthetic diamonds, at which the leaders of the Israeli diamond industry called for a clear and strict separation of natural and synthetic diamonds, repeating similar transparency declarations from other diamond trade centers , reports Rapaport.
"Diamant, caught at the sale of lots of natural diamonds mixed with synthetic diamonds, without corresponding disclosure of their origin, will be immediately excluded from the list of participants in the exchange," said IDE President Schmuel Schnitzer. "We can not hide from this problem or ignore it." Therefore, we started active actions, dealing with this issue in conjunction with the World Federation of Diamond Bourses (World Federation of Diamond Bourses) and the team of IDE lawyers.
Avraham Traub, president of Israel Diamond Manufacturers Association, said: "The diamond trade is based on trust and good faith, so it is extremely important that all who deal with synthetic diamonds openly announce this. I believe that violators should be fined for amounts 10 times higher than the corresponding amount of the transaction. We must preserve the integrity of our business and the trust of consumers. "