Diamond Industry Organizations Formulate Policy on Color Grading Standards

Gem Investing

RAPAPORT reported that a new policy issued by various industry organizations 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.

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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