UpFront

Diamond Dealers to Disclose Drilling Starting next year, diamond cutters will disclose laser drilling in the goods they sell or memo. At their joint meeting in Bangkok in July, the World Federation of Diamond Bourses and the International Diamond Manufacturers Association voted unanimously to require their members to disclose drilling to remove black inclusions in all diamond transactions. The resolution, which applies to diamonds of any size, takes effect Jan. 1. “We’ve had to change our minds on this issue because consumers want to know everything,” said Jacques Roisen, who headed the American IDMA delegation. “There have also been lawsuits over this matter.” His colleague, New York diamond dealer Jeff Fischer, added that the diamond industry “can’t appear to be standing in the way of disclosure.” American diamond dealers have been under fire from Jewelers of Amer
JCK PRO

This content is exclusive to JCK Pro subscribers. Subscribe now to access this and much more with discount code GOPRO21 for $199 for an entire year of access (reg. $249).

SUBSCRIBE TO CONTINUE

Already a JCK Pro? Log in

A JCK Pro subscription is your all-access pass to people and resources on the
cutting edge of the retail jewelry industry, from the industry authority you
know and trust

Learn about the Perks of JCK Pro

Log Out

Are you sure you want to log out?

CancelLog out