GIA and diamond industry leaders meet on consumer confidence

A meeting recently took place between industry leaders also representatives of global diamond exchanges and the Gemological Institute of America (GIA) on January 27 in New York, to discuss ways for building consumer confidence in the diamond industry. Amongst the attendees included Avi Paz – president of World Federation of Diamond Bourses; Artur Beller – president of Beurs Voor Diamanthandel, CVBA; Moshe Mosbacher – president of Diamond Dealers Club, New York, GIA executives Donna Baker, president and CEO and Thomas M. Moses, Senior Vice President of Lab and Research. The discussions centered around overview of GIA's ongoing work in treatment detection, international quality assurance standards, and robust suite of automated compliance controls.

The meeting concluded with an understanding that mutual support would take consumer confidence forward. Industry leaders mentioned that they rely on GIA's independent research and nonprofit mission to set and ensure global industry standards, while GIA depends on the bourses to help them uphold these standards. "It was a productive and positive exchange of information and ideas that will greatly serve public and industry interests as we continue to work together for our constituents," Baker said.

Moses added that "We especially appreciate the considerable time and commitment devoted by these esteemed diamond exchange leaders. We look forward to meeting again in the future as we work together to help ensure the public trust in diamonds."