DMIA Responds to Certifigate: Corruption Is Never Acceptable
October 26, 05In a first response by an industry organization to recent events at the GIA, the Diamond Manufacturers & Importers Association of America said it expects that everything possible will be done to ensure "a level playing field for all", adding that corruption is never acceptable but once discovered, it must be eliminated.
Following is the full text of press release of the DMIA:
"In response to statements in the press questioning the lack of industry involvement in the current situation regarding the Gemological Institute of America (GIA) and the GIA Gem Trade Laboratory (GTL), the Diamond Manufacturers & Importers Association of America (DMIA) would like to set the record straight. Over the last two months, the DMIA has been fully engaged in both Executive Board meetings and meetings with a group of DMIA members in sharing concerns and formulating ideas to convey to the GIA. In each case, these meetings were followed up with direct meetings and discussions with the management of the GIA.
The recent announcement by the GIA and its Board of Governors is a first step towards ensuring credibility in the GIA Gem Trade Laboratory and its Grading Reports. The Board of Governors, comprised of well respected and honorable members from industry, education, and banking, is aware of their fiduciary responsibilities. The DMIA is confident in their taking action and glad to see that the Board of Governors is moving forward. We have been led to believe that there will be more changes coming, and expect that everything possible will be done to ensure that there is a level playing field for all when it comes to laboratory grading. Of course, this applies to all labs equally.
Corruption is never acceptable. Once discovered, it must be eliminated. Once identified, it must be prosecuted to the fullest extent of the law for all involved. Industry organizations, as well as producers, financial institutions, and retailers must be committed to stand up and take appropriate action.
The DMIA tries to build and repair, where others may prefer to provoke fear and negativity within our industry. Journalists, members of our industry, and for that matter, our membership, should always be aware that the DMIA remains actively engaged and dedicated to furthering and promoting the utmost integrity of the diamond industry. For this reason, to those that make assumptions that our organization is not actively involved due to the fact that no public communication is seen or heard, be advised that we have been and continue to be at the forefront of all industry issues.
By acting responsibly, guided by fact, not rumor, combined with the best efforts of all involved in the diamond and jewelry industry, we can continue to strengthen industry worldwide, and most important, keep our excellent public image."