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Excellent Indian Diamond Institute at diamonds news
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Indian Diamond Institute IDIJuly 24, 2007 found at inhome.rediff.com
An institute dealing with diamonds in India has
launched an online system to verify the diamond grading documents. The Indian Diamond Institute (IDI), based in Surat, a major town for diamond
industry in the country, has taken the initiative to start the online service
for verifying the diamond grading documents. Grading documents are certificates that consumers get when they buy diamonds
from jewellers. Officials of the Institute said the new online grading system
will allow consumers from across India to validate diamonds they have purchased. According to the Institute's Executive Director K K Sharma, the online
grading of diamonds will provide a stamp of authenticity to consumers. Katargam,GIDC,P.B. # 508 Sumul Dairy
Road,Surat-395008,India He said the exercise would put pressure on jewellers as well as diamond
brands that have stormed the retail market to ensure that their data conforms to
international standards which the institute intends to follow. Consumers can access the new facility from the institute's web site www.diamondinstitute.net/. What the consumers need to do is enter the relevant data from the diamond
grading report which they obtain after making the purchase. The institute will
reverted an authentic grading analysis of the diamonds. The consumers could
match the IDI analysis report with the diamond grading report that they have. Sharma said the Institute has been inspired by a similar move by the American
Gem Society (AGS). The AGS has been providing similar services to validate the
grading reports from the last couple of years in the United States. India is one of the largest importers of diamonds in the world as the country
emerged as a major hub for processing of cut and polished diamonds. India imported $1986.53 million worth of cut & polished diamonds during
the financial year 2006-07. And the country processed about 58 per cent (worth
$10.84 billion) of the world's polished diamonds (worth $18.72 billion) in 2006.
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