International Colored Gemstone Association (ICA) has a memorandum of understanding to open a gem-identification lab in Bangkok next year, president Benjamin Hackman tells JCK.
Hackman says that while arrangements are still being finalized, the lab is planned for early next year.
The ICA will not run the lab but will license its name to Chinese gem dealer Chang Hatta. ICA will receive royalties from the lab, and its members will receive discounts.
Hackman says there is a serious need for more gemstone labs, as colored stones are increasingly receiving reports.