GIA is the creator of the famous 4Cs of diamond value

Tag : diamond
The Diamond Hub has struck a deal with the USA's GIA (GemologicalInstitute of America), the world's largest and most respectednon-profit institute of gemological research and learning.
Conceived 75 years ago in the tradition of Europe's most respectedinstitutes, GIA discovers (through GIA Research), imparts (throughGIA Education), and applies (through GIA Laboratory and GIAInstruments) gemological knowledge to ensure public trust in gemsand jewellery.
GIA is the creator of the famous 4Cs of diamond value (colour,clarity, cut, anBAME PIETd carat weight). It is also the corporatebirthplace of the International Diamond Grading System.
The company is also famous for its D-Z colour-grading scale andGIA's Flawless-I3 clarity-grading scale which are recognised byvirtually every professional jeweller and savvy diamond buyer inthe world. The Institute is also known for having developed andpatented the first modern jeweller's loupe. "They specialise inlaboratory research,"
Tombale told Business Today. "We have already registered them. Theyreported recently that equipment is arriving. The only thing thatis holding them (back) now is completion of the Diamond Park."
Tombale has also disclosed the cominhg on board of another diamondresearch company, HRD Antwerp. "We have been talking with them,although it took longer to conclude the agreement," he says.
"They needed certain arrangements to be in place. Initially theyregistered an agent, Werner van der Endy, who has startedoperations. But now they are registering in Botswana as anorganisation.
"They will have a grading facility and provide training indiamond-related skills and laboratory work."
Israeli diamond companies have also shown a lot of interest in theBotswana Diamond Hub. "A lot of interest is coming from Israel,"says Tombale. "They have invited us to go there (to Israel) and seehow their industry works.
"Already local banks have been invited also to go and see how thebanking industry there manages diamond risks."A number of Indiancompanies are also known to be wrapping up an investment packageworth over P180 million.