World Federation of Diamond Bourses Supports Synthetic Diamond Trade

Mining Weekly reported that the World Federation of Diamond Bourses supports synthetic diamond trading as long as the fact that the gems are synthetic is fully disclosed.
Recently, India’s Bharat Diamond Bourse (BDB) decided to ban trading of synthetic diamonds. It only allows the trading of natural diamonds on its premises.
As quoted in the market news:

BDB last week declared that man-made, laboratory grown, or synthetic, diamonds were no longer allowed to be promoted, carried or traded in an effort to ensure the growth of the natural diamond trade, strengthen consumer confidence and restore “faith and trust” in diamonds.
The decision, which was approved by an overwhelming majority of the members and was passed in its entirety at the bourse’s annual general meeting, resulted in the BDB becoming the first diamond bourse in the world to declare its entire premises a natural diamond zone.
Last year, the Israel Diamond Exchange also announced it would ban the trade of synthetic diamonds on its trading floor.

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