The Israel Diamond Exchange has received two advanced devices from the Gemological Institute of America for identifying synthetic diamonds. Available for use by exchange members in the technology wing of the rough trading hall, they were presented at a special ceremony at the Israeli bourse on Thursday by GIA Vice President and Director of global research and laboratories, Tom Moses.



They were received on behalf of the exchange by IDE President Shmuel Schnitzer, and senior members of the Israeli diamond industry, IDE board members and members of the bourse. Schnitzer said the idea for receiving the advanced devices came about during the Israel Diamond Week at the Diamond Dealers Club of New York last December.



Tom Moses said: "The GIA has been researching and working on the development of synthetic diamonds since 1955. The research we conduct allows us to implement the knowledge gained to develop advanced synthetic diamond detection instruments."



Meanwhile, IDE Industry Committee Chairman Yoram Dvash said: "The non-disclosure of synthetic diamonds and their introduction into the legitimate trade is one of the most serious problems in the industry, and we are fighting it with all means at our disposal. The introduction of these new devices to the technology wing puts the bourse at the forefront when it comes to identifying synthetic diamonds."