|The De Beers Group of Companies has announced the opening of what it describes as "the newest and most technologically advanced Forevermark diamond inscription and grading operation in the world" - the International Institute of Diamond Grading and Inscription facility in Surat, India. The facility is a $10 million investment by De Beers and has been equipped with leading proprietary diamond technology.
According to De Beers, the primary purpose of the facility will be to select and inscribe Forevermark diamonds with the unique Forevermark serial number, and to deliver an accurate and reliable grading service for Forevermark diamonds. At full capacity the facility is expected to be able to process $500 million of diamonds annually.
Speaking at the opening ceremony, De Beers CEO Philippe Mellier said this was "an important investment by De Beers in world-leading technology, which will be an important resource for the Indian diamond trade and will cement Surat's position at the heart of our industry. While the facility will initially focus on Forevermark grading, we will also look into the potential to widen the service in the future as another way of supporting the surrounding diamond community."Stephen Lussier, Forevermark's CEO, remarked that "this facility will offer an improved service for Indian diamantaires and for Forevermark retailers here in India and abroad. We can now envisage a future where polished diamonds from around the world come to Surat to benefit from this world-leading facility."