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Diamond Dealers Club (DDC) installs DiamondCheck technology for members

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Published on : Jan 31, 2014

Reuven Kaufman – The President of the Diamond Dealers Club (DDC) of the New York announced that the Gemological Institute of America (GIA) has been catered the new DiamondCheck machine that is used to determine whether the stones were synthetic or natural. This overall drill is done without any charge by the union or club members. 

The GIA technology will assist the membership of both the clients as well as themselves to ensure that their goods are effectively classified as synthetic or natural. 

According to Kaufman, the business of synthetic diamonds or passing synthetic stones off as natural diamonds is not considered as unethical or illegal, but could pose a potential threat in the industry by discouraging consumer confidence. This also reminds us of certain synthetic diamonds reports that have been submitted to the certifying labs for grading, but inadvertently these reports have been mixed with the packets of the natural diamonds in the past one year, undermining consumer interests and businesses to an extent. 

The DDC president is headstrong in his commitment about the on-going education program in favor of its members in regards to the synthetic diamonds and conducts awareness seminars and sessions by means of effective identification and stock exchanges that are aware of diamonds being fake in the market. They are also taking potential action against those people who are knowingly passing off synthetic stones as natural diamonds. 

Kaufman expressed his deep gratitude to the GIA’s leadership fellow members: Wuyi Wang – the director of research at GIA (for arranging the placement of DiamondCheck in the club’s trading floor), Susan Jacques (the lab’s president), and Tom Moses (the senior vice president) of the company. 

He further commented that DDC is a vital diamond trading center – the one that is absolutely committed to an industry built on the trust, integrity, and reputation in the market. GIA staged the DiamondCheck technology and provided its first bourse too. This has helped it prevent synthetic diamonds from enrolling into the market as natural diamonds as well as maintain a high degree of consumer business and confidence that is crucial in the industrialized world. 

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