Dubai Diamond Exchange installs synthetic diamond detector

Image
Press Trust of India Dubai
Last Updated : Feb 21 2014 | 2:57 PM IST
The Dubai Diamond Exchange, a subsidiary of Dubai Multi-Commodities Centre, has installed a synthetic diamond detector so as to enhance consumer confidence and add transparency in the trade.
The detector DiamondCheck operates with Gemological Institute of America-developed software to identify natural, untreated diamonds in the D-to-N range.
It also refers diamonds that are potentially synthetic or treated for further gemological examination.
When used accurately, the machine will refer 100 per cent of all colourless synthetic diamonds in the D-to-N range for further testing.
The accuracy of this equipment is a critical factor in maintaining confidence in the trade and ensuring proper disclosure of the origin of stones being transacted through Dubai.
GIA has provided the machine to the DDE which, in turn, has made it available to members free of charge.
"We always look at ways of enhancing global responsible supply chain management and GIA's new synthetic diamond detector will add further transparency and clarity to enable the industry to trade with confidence through the Emirate," said Ahmed Bin Sulayem, Executive Chairman of DMCC.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 21 2014 | 2:57 PM IST

Next Story