IGI's Diamond ID Report Gets a Positive Nod from the Fraternity
World’s largest independent gemological institute's, user-friendly diamond identification card continues to garner positive reviews in the Indian Market.
The International Gemological Institute (IGI), Antwerp, Belgium formally announced its diamond evaluation card – the Diamond ID Report in October, 2017. Unlike other reports where the diamond is kept in a vault and the report in a separate location, IGI’s Diamond ID Report stores the evaluation and diamond together in a secure credit card-size casing.
The ID report contains security features and a Datamatrix, that once scanned, allows users to connect directly to IGI’s data system and confirm its authenticity. IGI introduced the report in April and has since successfully integrated the ID card as part of its services for diamond dealers and manufacturers, with feedback to date well exceeding initial expectations. The Indian diamond connoisseurs have also expressed their satisfaction in the new format.
The report’s compact format was created to give users a more efficient and safe way to trade stones as it can be easily shipped or stored. The new format also comes at a lower cost, requires minimal office work on the back-end for trade industry professionals and the ID card is automatically printed once the gemologists have finished the grading process. Of note, each Diamond ID Report is issued according to the strict international standards and security features to which IGI adheres.
“We created the Diamond ID Report with a goal of making our evaluations easier to use and safer to transport,” said Roland Lorie, IGI co-CEO. “Bringing together the report and stone in one secure place will allow industry professionals to do their work more efficiently.” Consumers will also benefit from the evolved report style. The Diamond ID report can be carried in a wallet, making it simple to transport a diamond for an insurance appraisal or trading purposes. It’s also an ideal format for keeping track of evaluations; if a diamond owner chooses to sell a jewel, both the stone and report are together, which is essential for a seamless trade or re-sale. “We strive to give consumers peace of mind with our comprehensive reports,” said Jerry Ehrenwald, IGI co-CEO and president of IGI North & South America. “The new Diamond ID report will help all our users stay organized and feel protected. We’re proud to introduce a product that will help both trade professionals and consumers.”