RAPAPORT reported that a new policy issued by various industry organisations would result in members of the diamond trade to face arbitration for dealing in diamonds with a color grade that differs from industry standards by more than one grade.
As quoted in the market news,
The policy statement, obtained by Rapaport News last week, was formulated by the World Federation of Diamond Bourses (WFDB), the International Diamond Manufacturers Association (IDMA) and CIBJO – The World Jewellery Confederation.
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