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Votes may be in favour of trading lab-grown diamonds within BDB After consistent requests from suppliers of lab-grown diamonds, the votes might just sway in favour of trading lab-growns within the premises of BDB, but with stringent rules in place By: Diamond World News Service
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The decision of whether or not to allow trading of lab-grown diamonds has been one that has been going on for five years since the ban on synthetics in 2015. Since then, a lot has changed, for one, the term synthetics has mostly been replaced by lab-grown. From De Beers, one of the largest producers of diamonds, foraying into lab-grown diamonds to FTC guidelines on lab-grown diamonds being more inclusive and many grading laboratories offering reports for lab-growns, and more importantly consumers getting more inq
World s Biggest Bourse set to Lift Lab-Grown Ban December 27, 20 by John Jeffay
(IDEX Online) - The Bharat Diamond Bourse, in Mumbai, is poised to lift its 2015 ban on trading lab-grown diamonds.
Members of the world s largest diamond hub are expected to approve the proposal at the bourse s annual general meeting tomorrow (28 December).
Many have diversified into lab-growns since the Bharat Diamond Bourse (BDB) ban was introduced, a
nd feel that technology now allows a more straightforward and effective separation between natural and lab-grown gems.
The ban was brought in to prevent the mixing of lab-growns with natural diamonds by unscrupulous diamond merchants - seen at the time as a genuine threat to the trade of small and melee diamonds.
SURAT: If all goes well, the lab-grown diamonds might be traded along with the real diamonds on the trading floors of Bharat Diamond Bourse (BDB) in Mumbai. For the first time, the board of BDB has proposed the removal of the restrictions on the trading of the lab-grown diamonds and invited its members to vote at the Annual General Meeting (AGM) to be held on December 28.
In a circular issued to its members and shareholders on Monday, BDB board said that there is restriction on the trading or dealing in lab-grown diamonds at the bourse. However, the board feels that considering the current operations of the company, the said restrictions should now be removed and be modified accordingly.