4D measures to attack the international diamond market

August 14, 2019

Abstract Martin Rappaport, Chairman of the Rapaport Group of the American Diamond Services Corporation, announced that 4D measures to ban the influx of synthetic diamonds into the diamond market will be officially implemented in the near future. The measure aims to maintain the normal order and healthy development of the diamond market, maintain industry ethics, and restore the past half...
Martin Rappaport, chairman of the American Diamond Services Corporation's Rappaport Group, announced that 4D measures to ban synthetic diamonds from entering the diamond market will be officially implemented in the near future. The measure aims to maintain the normal order and healthy development of the diamond market, maintain industry ethics, and restore the loss of integrity and loss of industry honors caused by synthetic diamonds posing as diamonds in the past six months or more.

4D measures are differentiation, detection, disclosure, and documentation. Diamonds are sampled and passed through each of the 4D measures before they reach the retailer. Martin Rappaport said it is necessary to record on the invoice whether the goods are natural diamonds, but this is not enough; it also requires strict equipment testing and certification. At the same time, he also suggested increasing consumer knowledge of some of the basics of natural diamonds to help them distinguish between diamonds and synthetic diamonds when buying diamonds.

At present, the integrity and industry ethics of the diamond market are suffering from the impact and test of some criminals posing as diamonds with synthetic diamonds. Diamond dealers are obligated and responsible for clarifying their source of purchase and conducting rigorous testing of the goods they are in, to ensure that the diamonds sold to consumers are natural diamonds rather than counterfeit goods.

Martin Rappaport said: "As long as the integrity of this industry remains the same, the demand for natural diamonds and the price of diamonds will remain firm and will not shrink significantly due to the turmoil of synthetic diamonds. I hope that consumers will know this: natural diamonds The price is far above synthetic diamonds, not as cheap as the fakes circulating on the market today."

4D measures have recently been published in Rapaport Magazine , a magazine run by the Rappaport Group. (Compiled from "Martin Rapaport Addresses Synthetic Diamonds")

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