June 1, 2005
NCDIA and IGI Launch Colored Diamond Report in Vegas
The Natural Color Diamond Association will introduce the International Gemological Institute's new natural color diamond report on June 6 in Las Vegas. NCDIA will host a champagne reception in room 2601 of the Venetian in Las Vegas, at 6 p.m. on June 6, where IGI will announce the new color diamond certificate.
"With the prevalence of color diamonds in the marketplace, IGI's [new] report provides the industry a means of encouraging discussion and greater enthusiasm for natural color diamonds," says IGI's CEO Jerry Ehrenwald, G.G., A.S.A.
The IGI natural color diamond report differentiates itself from other reporting formats for two reasons, according to a release. It describes the diamond's color using standardized color terminology and it uses common color names taken from the jewelry and fashion industries. It will provide a common language for describing a diamond's color between buyers and sellers, and uses color terms that enable the consumer to experience the color on both an emotional and personal level.
An expert graduate gemologist, using state-of-the-art spectral analysis to determine the origin of color, performs each analysis. The color description is determined by comparison to either color diamond master stones or Munsell color master chips.
"We believe this report will expand consumer knowledge and appreciation of natural color diamonds," says Sam Merksamer, NDCIA managing director.