Aims to facilitate detection and improve supply chain transparency
The Dubai Diamond Exchange (DDE), a subsidiary of DMCC, has received the latest technology in detection of synthetic diamonds from GIA (Gemological Institute of America). DiamondCheck™ operates with GIA-developed software to identify natural, untreated diamonds in the D-to-N range and refer diamonds that are potentially synthetic or treated for further gemmological examination.
GIA is an independent non-profit organisation dedicated to ensuring the public’s trust in gem and jewellery purchases through education, research and laboratory services. The Institute has provided the machine to the DDE which, in turn, has made it available to members free of charge. When used accurately, the machine will refer 100% of all colourless synthetic diamonds in the D-to-N range for further testing. The accuracy of this equipment is a critical factor in maintaining confidence in the trade and ensuring proper disclosure of the origin of stones being transacted through Dubai.
Ahmed Bin Sulayem, Executive Chairman of DMCC said:
“DMCC continues to provide our member companies and market participants with the appropriate products and services they require to succeed. We always look at ways of enhancing global responsible supply chain management and GIA’s new synthetic diamond detector will add further transparency and clarity to enable the industry to trade with confidence through the Emirate. We welcome GIA’s latest equipment and technology to the Dubai Diamond Exchange here at Almas Tower, the world’s tallest diamond tower.”
GIA President and Chief Executive Officer Susan Jacques, Executive Vice President and Chief Laboratory and Research Officer Tom Moses, and Managing Director of India and the Middle East Nirupa Bhatt came to Dubai to formally hand over the machine to DMCC’s Ahmed Bin Sulayem and Peter Meeus, Chairman of the DDE. Gautam Sashittal, Chief Executive Officer of DMCC, and members of the DDE board were also present for the occasion.
Susan Jacques added:
“Our goal is to provide members of the industry with the tools to help ensure consumer confidence. We are pleased to be in Dubai, one of the world’s leading diamond centres, and look forward to collaborating with the DDE and DMCC.”
GIA has made these machines available to several of the World Federation of Diamond Bourses (WFDB) in an effort by the WFDB to further enforce a “zero tolerance” policy for non-disclosure of synthetic stones.