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Opinion

The Responsible Jewellery Council (RJC) is an international not-for-profit organization promoting responsible, ethical, human rights, social, and environmental practices in a transparent and accountable manner throughout the jewelry industry, from mine to retail.

The formation of the Gemological Institute of America (GIA), was the result of developments in both retail and the science of diamonds. The combination of a growing need to standardize information provided to consumers and deeper understanding of the gemological aspects of diamonds gave rise to the need for an unbiased third party that could fill the gap between what was available at the time and the little that was available.

China is a key country for the diamond industry. Yet despite its importance, it is a relative a newcomer. Therefore, it is no surprise that that it organized itself late compared to other diamond centers. Despite this, the Shanghai Diamond Exchange (SDE) is an important Chinese trading platform.

Hong Kong is a unique diamond center that serves three different functions. It is one of the main wholesale polished diamond trading hubs, a major diamond consumer market, and it serves as a gateway to the Chinese market – both retail and for manufacturing. As such, the local Hong Kong diamond organizations play an important role in serving this exceptional market. Chief among them is the Diamond Federation of Hong Kong, China (DFHK), a non-profit organization that aims to protect the integrity of diamonds and consumer interests by standardizing business practices.

The Israel Diamond Exchange (IDE) is the hub of the Israeli diamond center. Located in Ramat Gan, right by Tel Aviv it serves one of the largest and most important diamond trading centers.

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