The president of the Israel Diamond Exchange (IDE), Shmuel Schnitzer, announced the launch of an IDE campaign aimed at raising awareness of 3,500 members of the world's largest diamond exchange about the effects of trade in unannounced synthetic diamonds (either deliberate or unintentional) a press release received by Rough & Polished by e-mail.
"Our industry is based on transparency, honesty and responsibility," said Schnitzer. - Thus, even a few unscrupulous foreign dealers who mixed synthetic diamonds in a batch of natural stones, giving them away for natural, caused a huge damage to the reputation of our entire industry! I personally and the IDE Council will do everything possible to protect the members of the exchange from this illegal activity that violates ethical standards, and at the same time are ready to disclose the names of those who are engaged in trading in undeclared synthetic diamonds if their guilt is proven. "
IDE Council Member Yoram Dvash, who heads the IDE Industrial Commission, said that although the Israeli market has not yet recorded incidents involving the trade in unannounced synthetic diamonds, this issue is very important. "Israel is one of the world's leading centers for diamond trade, so there are precious stones coming from all the world's diamond production centers, and we are highly exposed to these risks - the members of the exchange must be informed about this," said Dvash.