BDB opens boundaries for LGDs: Update 2
BDB Members Give In-principle Approval for LGD Trading! Diamond Industry India Ensures long-term sustainability! Update 2: The Bharat Diamond Bourse (BDB) members during the Annual General Meeting held on December 28, have in principle approved the trading of lab-grown diamonds (LGDs) within the BDB. However, members cannot start trading in LGDs just yet. The BDB Managing Committee will now draw up a set of guidelines to be followed by members who wish to trade in LGDs. Mehul Shah, Vice President, BDB, says, “The BDB members will have to adhere to a set of guidelines formed by the bourse’s management before they are allowed to trade in synthetic diamonds. The intention is to keep the two pipelines in order, 1: natural diamond and 2: LGD category quite in a separate manner! The managing committee of BDB will now frame rules and guidelines on the same and decide the date from when members can start to deal in synthetics.” Some of the norms which may be enforced