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International Diamond Council releases IDC Rules in Russian

The International Diamond Council (IDC) released the Russian translation of the "IDC Rules for Grading Diamonds" today in Moscow, on occasion of the 34th World Diamond Congress, the biennial congress of the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA).

During a short ceremony, IDC chairman Stephane Fischler presented a bound copy of the Russian language version of the IDC Rules to Sergey Oulin, chairman of the Diamond Chamber of Russia, and host of the congress.   
In his address, Fischler noted that the distribution of the IDC Rules in other languages, in addition to the authoritative English version, would make a significant contribution toward the proliferation of a single, authoritative, international set of diamond nomenclature in markets that until recently had had little or no access to the information and therefore could not be shared with consumers.
"This indeed is the core mission of the IDC: a globally accepted, clear and transparent grading nomenclature, to secure and enhance consumer confidence in polished diamonds," Fischler stated.
Fischler said the Chinese translation was published in June as the first of a series of translations that IDC aims to make available. "Last month, the IDC rules were published in Chinese. The release of the rules in Russian are yet another step in making them accessible to a wider audience," he said. "We are now looking at translating the rules in other languages such Japanese, Spanish, Arabic, Portuguese, Italian and French," he noted.
Fischler called upon the delegates of the WFDB and IDMA to support the creation of additional translation projects. "You are in an ideal position to assist in creating translations and your members will the first to enjoy the immediate benefit of having the rules available in their own languages," he noted. 
The IDC Rules and the translations in Russian  and Chinese are now available for downloading from the IDC website.
Wednesday 14 July, 2010
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Zimbabwe Defies Ban of Marange Diamonds

Obert Mpofu, Zimbabwe Mines Minister Obert Mpofu, Zimbabwe Mines Minister

Zimbabwe’s government has resolved to defy a diamond sale ban ruled by the world approving authority, the Kimberly Process and will now begin exporting diamonds from its Chiadzwa fields.

Waiting for approval, the country has stockpiled four million stones carrying an estimated US$1.7 billion extracted from the controversial fields but cannot trade them on the open market after failing to secure the KP endorsement following concerns of human rights issues in particular the arrest of diamond researcher, Farai Maguwu. Mines minister Obert Mpofu said the country would still establish a “transparent and accountable” mechanism for selling the diamonds.
A Kimberly Process meeting held in Israel ending June 24, resulted in a deadlock over allegations of corruption, killings and human rights violations in Zimbabwe’s eastern Marange diamond fields.
On Wednesday, Mpofu said that the KP had reported Zimbabwe met the organization’s “minimum requirements” for diamond mining and “so now everything is in place to resume the sales”, contrasting what the KP ruled.
The Chiadzwa diamond field is believed to be potentially holding one of the world’s largest deposits of the precious gem and government hopes to rescue the nation’s desperate and ailing economy. (AFP, Reuters)
Thursday 1 July, 2010
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Wednesday 14 July, 2010

INTERNATIONAL DIAMOND COUNCIL RELEASES IDC RULES IN RUSSIAN

The International Diamond Council (IDC) released the Russian translation of the "IDC Rules for Grading Diamonds" today in Moscow, on occasion of the 34th World Diamond Congress, the biennial congress of the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA).

Thursday 1 July, 2010

ZIMBABWE DEFIES BAN OF MARANGE DIAMONDS

Zimbabwe’s government has resolved to defy a diamond sale ban ruled by the world approving authority, the Kimberly Process and will now begin exporting diamonds from its Chiadzwa fields.

Monday 10 May, 2010

DIAMOND PRICE INDEX PUBLISHED FOR CONSUMERS

For the first time ever, diamond jewelry consumers are going to have a diamond retail benchmark that will guide them in how much they should pay for a diamond.