The Israel Diamond Exchange released a further announcement following the alert issued by the GIA regarding stones that had been submiited and received reports that are suspected to have undergone a color treatment process.
The IDE said that following a meeting of management on May 13, it is continuing to deal with the issue and is taking the following steps:
We provided briefing sessions for authorized state authorities with a panel that was especially established for the purpose with the following IDE members: Meir Dalumi, Shalom Papir, Loni Grinker and Moni Bachar along with legal counsel and retired former police commander Yossi Sedbon
We held coordinated discussions with World Federation of Diamond Bourses President Ernie Blom and with presidents of diamond exchanges around the world
We issued an announcement to all the exchanges and relevant bodies in the global diamond industry
We carried out an evaluation of the situation with media advisers and briefings for journalists
We asked all IDE members to turn to the Legal Department regarding transactions carried out for stones that were on the GIA list. We also received reports that there were no problems with some of the stones that were on the list.
The IDE said it would continue to inform the diamond public regarding new developments.
The notice was signed by IDE President Shmuel Schnitzer.
Meri Dalumi, the Chairman of the IDE's Legal Committee said that any diamonds traded that are on the GIA list should be handed over to the IDE's Legal Department for guidance about what steps to take. Trading is not allowed for any stones on the GIA's list. Anyone in possession of such stoines is required to submit them to the IDE's Legal Department.
