DIAMOND INDUSTRY C5 CONFERENCE LAUNCHES WFDB MARK

Dubai Diamond Exchange organized the C5 Conference the day long event launched the WFDB Mark and the Diamond Confidence Kit for diamond traders. Confidence was added to the original 4 C’s which made it the 5th C. Now the 5 C’s are color, cut, clarity, carat and confidence these 5 C’s are the grading and quality standards for diamonds. This step was taken to educate the diamond trade in the value of a membership with DDE . The DDE is a member of the World Federation of Diamond Bourses. The WFDB is the international regulatory and trade body of the diamond trade.

The WFDB Mark is similar in concept to the ISO certification. It allows DDE members to reinforce their commitment to the WFDB Code of Business. While it promotes confidence in its members and in the diamond trade in the region. The Diamond Confidence Kit comprises a series of procedures and guidelines in accordance with international best practices .Which allows diamond traders who are not members of the DDE to build confidence among consumers. The kit will also enable traders to move towards gaining DDE membership. Izhakoff said that the role of the World Diamond Council is to fill the gap between the industry and consumers.

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