Diamond cuttingby By Luibov Luganskaia Shutterstock 600

Now, card-sized grading report for smaller diamonds

Two Antwerp-based gemological laboratories have released credit card-sized diamond reports, aiming to make grading more efficient for traders and even consumers.

There is some good news for the connoisseurs of diamonds and diamond jewellery in India and around the world. For the first time, two Antwerp-based gemological laboratories have released credit card-sized diamond reports, aiming to make grading more efficient for traders and even consumers.

At present, the grading reports are issued on an A4 size format by most of the gemological laboratories around the world. The credit-card sized report would be easier to carry by the traders and consumers and will have a long-lasting life for future transactions. The grading report of gemological laboratories holds an important role in exchange of diamonds between traders, jewellers and consumers alike. The diamond grading report tells about the size, purity, colour, dimensions and other important gemological facts about the stone.

The US-based Rapaport group stated that the Antwerp-based HRD laboratory and International Gemological Institute (IGI) have launched the credit card-sized diamond grading reports. According to Rapaport, HRD’s chief executive officer Michel Janssens believes that the card-sized grading reports will improve transparency in trading of smaller diamonds. Some 99 per cent of polished diamonds traded around the world weigh less than 0.30 carats, but most of these do not carry a grading report as the cost of getting one cuts into dealers’ profit margin.

“With this product, we aim to bring a comprehensive solution to one of the diamond market’s main challenges: ensure confidence in small-sized diamonds,” Janssens added. Gems and Jewellery Export Promotion Council regional chairman Dinesh Navadiya told TOI, “Surat is world leader in manufacturing small-sized stones. Even bigger stones are manufactured here. It is interesting that the Antwerp-based laboratories have launched compact card-sized reports, but it is to be seen whether the grading is cost-effective.”

Courtesy: Times News Network