London Diamond Bourse partners with De Beers

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The London Diamond Bourse has partnered with De Beers to launch a lab service in the UK.

The London Diamond Bourse (LDB) will join the De Beers Group, International Institute of Diamond Grading & Research stand at Jewellery and Watch (Feb 7-11 2016) to launch a new partnership with IIDGR’s diamond grading service and melee screening in the UK.

The agreement between LDB and IIDGR commences a new service provided by LDB which will enable members to submit both melee for full testing and diamonds over .14ct for grading to the IIDGR lab, which is part of the De Beers Group of Companies.

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Victoria McKay, chief operating officer, LDB explains: “Guidance will be recommended to all LDB members to test melee using the mathematically based De Beers, ‘Best Practice Principles’, by suggesting minimum random sample sizes as a function of number of stones/parcel and for different size ranges. We welcome the move by De Beers to open their UK grading lab to the trade. We see this as a positive move offering further support to the UK trade.”

McKay continues: “As a trade association, we are taking a proactive attitude towards developing services for our members which support consumer confidence in the long term.  We seek to strengthen the diamond supply chain in the UK and give the industry further confidence in sourcing diamonds from a London Diamond Bourse member.”

Jonathan Kendall, president International Institute of Diamond Grading & Research, comments: “IIDGR as part of De Beers are adding our expertise, knowledge and technology to grading and melee testing in the UK. We have designed automated melee testing and a grading system and standards that have accuracy and integrity at their heart. Integrating the best that 21st century technology and systems can offer to bring the best possible accuracy. We are delighted to launch these services through the London Diamond Bourse, based in our UK lab to the UK market.”

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