World Federation Endorses ‘SI3’ Grade

Although "conflict diamonds" dominated the recent World Diamond Congress, delegates also deliberated about other issues. In one surprise move, the World Federation of Diamond Bourses-which represents the world's 24 diamond clubs-issued a resolution calling for use of the "SI3" grade in diamond grading reports. Most group members, however, did not have a copy of the resolution, andJCK was unable to track one down. The resolution seems not to have been released to the press or public. Members of the International Diamond Manufacturers Association say they will introduce a similar resolution. Most dealers and manufacturers favor an SI3 grade because of the steep price difference between SI2 and I1. They feel an SI3 grade will make certain borderline stones now deemed I1 more salable. The resolution was aimed largely at the Gemological Institute of America, which has declined to add SI

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