GIA Provides Advanced Machines For Detecting Synthetics to IDE
February 09, 14
 Moti Ganz, Shmuel Schnitzer, Tom Moses and Yoram Dvash at |
Available for use by exchange members in the technology wing of the rough trading hall, they were presented at a special ceremony at the Israeli bourse on Thursday by GIA Vice President and Director of global research and laboratories, Tom Moses.
They were received on behalf of the exchange by IDE President Shmuel Schnitzer, and senior members of the Israeli diamond industry, IDE board members and members of the bourse.
Shmuel Schnitzer said the idea for receiving the advanced devices came about during the Israel Diamond Week at the Diamond Dealers Club of New York last December.
“We were informed that the GIA intended to introduce a new device for identifying synthetic diamonds. In the same week, Industry Committee Chairman Yoram Dvash and I met with Tom Moses, who at the start of the meeting said that the GIA would contribute advanced equipment for identifying synthetic diamonds, and later the bourse acquired the same device for use by our members."
Schnitzer added: "You cannot stop the trade in these diamonds, but there is a great deal of importance to disclosure of synthetics by traders who are dealing in these stones. The new devices that are being brought into use in the bourse from today will help immensely to identify synthetic stones using this advanced technology. I want to thank the GIA on behalf of the Israel Diamond Exchange.
Tom Moses said: "The first GIA training session in Israel was held 45 years ago, and since then our relationship has gone from strength to strength. Today’s ceremony is another important part of the relationship between the GIA and the Israeli exchange. We are fully aware of the entry of synthetic diamond into the legitimate trade and we know that strong measures have to be taken to counter it. Now, bourse members have the ability to examine stones here.
“The GIA has been researching and working on the development of synthetic diamonds since 1955. The research we conduct allows us to implement the knowledge gained to develop advanced synthetic diamond detection instruments."
Meanwhile, IDE Industry Committee Chairman Yoram Dvash said: "The non-disclosure of synthetic diamonds and their introduction into the legitimate trade is one of the most serious problems in the industry, and we are fighting it with all means at our disposal. The introduction of these new devices to the technology wing puts the bourse at the forefront when it comes to identifying synthetic diamonds."