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Second Edition of GJEPC's 'DDES 2017' held in Surat

2017-4-21

The Gem & Jewellery Export Promotion Council (GJEPC) of India under the auspices of the Natural Diamond Monitoring Committee (NDMC) organised the second edition of ‘Diamond Detection Expo & Symposium (DDES 2017)’ at Surat on April 14-15, 2017 to spreading awareness about synthetic diamonds and the steps for prevention of undisclosed mixing. 
The unique expo, a ‘one-of-its-kind’ event, had all the leading gemmological laboratories and some technology companies showcasing the different types of machinery, equipment & technologies available to identify synthetic diamonds. Alongside the exhibition, a series of talks and panel discussions also took place. 
While inaugurating the event, Praveenshankar Pandya (Chairman, GJEPC) said, “DDES is one amongst the several strategic initiatives to preserve global trade and consumer confidence in diamonds from India. We intend to modernize key jewellery manufacturing hubs across India and empower them by sophisticated detection tools & techniques to safeguard ourselves against undisclosed mixing of synthetics. Mixing in any form is unacceptable.” 
He added that the GJEPC has been spearheading awareness with regard to synthetic diamonds since 2013-14 and has been proactively engaging all key stakeholders in this regard. The focus areas are Detection, Differentiation, Disclosures & Documentation. 
The presentations and panel discussions included a session on ‘Impact of Synthetics on Diamond Industry in Surat’ moderated by Samir Joshi (ED, Indian Diamond Institute) with panellists including Praveenshankar Pandya, Ashish Mehta, Dineshbhai Navadiya and Keval Virani (Karp Impex). 
The findings of the study on the synthetic diamond landscape carried out by Bonas & Co for the GJEPC’s Natural Diamond Monitoring Committee (NDMC) was released at the DDES 2017. The study estimates the current peak installed capacity of synthetic diamond manufacturers worldwide to be between 2.3 mn to 4.2 mn, or about 2-3% of total natural diamond supply. 
Ashish Mehta, Convener NDMC said, “The committee has initiated a series of steps to facilitate fair trade and prevent any untoward instances that can damage reputation. The study by Bonas & Co, across four continents and four months, shows that synthetic diamond production through HPHT is growing faster while that through CVD is slower. China is the leader in HPHT production with Russia (larger pieces), while Singapore is the leader in CVD production. Synthetic diamonds have grown fast but not as much as what recent unconfirmed reports have indicated. There is no market impact but just a mentality impact. Today the natural diamond business has grown phenomenally due to the sustained marketing over the years. Synthetic diamond makers will take a long time to catch up.” 
Aruna Gaitonde, Editor-in-Chief of Asian Bureau, Rough & Polished
 
 
 

 


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