IDC Book to be harmonised with CIBJO Blue Book as single international diamond guide

Udi Sheintal, President of the CIBJO Commission.

November 6, 2017

Diamond Commission President Udi Sheintal informed the Diamond Commission meeting at the 2017 CIBJO Congress that an agreement had been reached with the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA), according to which  the International Diamond Council’s (IDC) book of diamond nomenclature will be harmonised with CIBJO’s Diamond Blue Book, in order to create a single directory of diamond nomenclature for the global diamond trade.

“This decision means the CIBJO Diamond Book  will serve the whole diamond industry and be the only book for the trade,” he told the audience. Following the agreement of the Diamond Commission Steering Committee, he proposed that the full commission ratify the agreement, which it did unanimously.

Another major issue on the agenda related to synthetics. “For years, we have worked and done important work on the Diamond Blue Book, but my feeling is that we are missing representatives of the synthetic diamond firms, so that we can both work according to agreed terms,” said Mr Sheintal.

“I suggest that Gaetano Cavalieri reaches out to the synthetic diamond manufacturers to look into possibly bringing them into CIBJO, although I don’t know yet in what format that would be,” he said.

In response to a question from Acting World Diamond Council President Stephane Fischler as to whether there are any specific terms of reference for the discussions, Mr Sheintal said: “We are simply reaching out at this stage. Everything is open and I want to see them working with the same nomenclature. This is just the start and that is why I am not calling for a committee or formal group, but rather just reaching out.”

Also discussed were the Harmonised System (HS) codes for synthetics. It was reported that, at this stage,  only India and China so far have such codes for monitoring synthetic imports and exports. Some other countries have applied to the World Customs Organization (WCO), but, because this body moves rather slowly, the codes have not yet been received.

“We want the national organisations to lobby their government to put some pressure on the WCO to make the change. And, while it takes time, they should also lobby their governments to make the amendments locally, to enable the monitoring of import and exports of synthetics, as China and India have already done,” Mr. Sheintal said.

“We will disseminate information about how India and China managed to obtain the codes, to help with the lobbying,” he stated.

By | 2017-11-16T11:33:49+00:00 November 7th, 2017|NEWS|0 Comments
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