Headlines

Signet: Female Pay And Promotions Cases Dealt With

Signet Jewelers Limited said that an agreement with the Equal Employment Opportunity Commission (EEOC) has been reached to resolve all claims relating to the pay and promotion of female retail sales employees at the company in EEOC v. Sterling Jewelers Inc.

Jewelers of America Praises Re-Introduction of Bipartisan Internet Sales Tax Fairness Bills

National fine jewelry trade association Jewelers of America (JA) has welcomed "the growing momentum toward passage of sales tax fairness on Capitol Hill".

The Remote Transactions Parity Act (RTPA) was reintroduced in the U.S. House of Representatives, while the Senate re-introduced the Marketplace Fairness Act (MFA).

Israel Diamond Exchange Inaugurates Ethical Code of Conduct

The Israel Diamond Exchange (IDE) has become the first diamond bourse to initiate an Ethical Code of Conduct, the IDE said in a statement.

The code, which took over two years to complete, requires IDE members to conduct their business interactions according to the principles of accountability, trust, fairness, integrity, expertise, tradition, industriousness, mutual responsibility and respect for others.

West Coast Diamond Club Special Lecture And Workshop On Synthetic Diamonds

Forty participants from the West Coast Diamond Club, Inc. (WCDC) had a chance to participate at a special lecture and workshop on synthetic diamonds presented by AGS Conclave attendee, Branko Deljanin of CGL-GRS Lab of Vancouver, Canada.

The lecture was designed for wholesalers, dealers, jewelry sales people, gemologists and appraisers to ‘at their desk’ identify some of the characteristics of synthetic diamonds, the WCDC said.

Israel Diamond Exchange Publishes Code of Ethics

The Israel Diamond Exchange (IDE) has published a code of ethics written specifically for it by Israeli professor Asa Kasher.

The newly written code puts Israel at the forefront in matters relating to correct and transparent administration.

Election Of The New Executive And Arbitration/Disciplinary Committee Members

The following members have been elected onto the Executive Committee and Arbitration/Disciplinary Committee of the Diamond Dealers Club of SA for the coming year.

IDE to Appoint Judge to Rule Large Arbitration Cases

In a significant departure from its 80-year tradition, the Israel Diamond Exchange (IDE) has announced that its hallowed Arbitration Institution will now be headed by a retired District Court judge, instead of a fellow bourse member.

Financial disputes between members totaling $400,000 and above, as well as appeals on smaller disputes, will be brought before the higher level of the arbitration unit that will now be headed by a judge, while disputes up to that amount will continue to be arbitrated at the lower level by longstanding IDE members.

Letter in support of KP

Dear WFDB Members and Industry Colleagues,

I would like to put firmly on record that the World Federation of Diamond Bourses (WFDB) restates its support for the work of the Kimberley Process Certification Scheme (KPCS). This organisation fights to eradicate conflict diamonds and prevent them from entering the legitimate diamond pipeline and continues to play a critical role and must have the full support of the global diamond sector.