Israel Diamond Exchange Bans Trade Of Synthetic Diamonds - April.2004
The Israel Diamond Exchange has banned the trade of synthetic
diamonds. The President of the diamond exchange, Shmuel Schnitzer, has
prohibited IDE members from selling the stones.
“There is no doubt that we must take a firm stand against synthetic
diamonds,” Shmuel Schnitzer, who is also the President of the World Federation
of Diamond Bourses, said in a statement. “These are imitations, and must not
be handled by members of the legitimate trade.”
The Israel Diamond Exchange is the first of the world's exchanges to
officially ban synthetic diamonds.
A long-time leader in such measures, the IDE was also the first exchange to
ban the trade in conflict diamonds several years ago.
Schnitzer is placing the subject of synthetic diamonds on the agenda of the
next World Congress of Diamond Bourses, in October 2004. v | 
