21 Jan 2021
DiamondWorld Directory
Home |
BDB Is Not Lifting the Ban on Synthetic Diamonds; Anoop Mehta Misquoted by a News Portal
The online news portal has misquoted the words of BDB President Anoop Mehta, says Mehul Shah, Vice President, BDB
By: Diamond World News Service
Nov 17 2018 5:49PM
Reference: 16809  


News about ‘BDB mulling over lifting the ban on synthetic diamonds’ has been doing rounds since yesterday. When a well-known trade media portal reports such a development, it leaves the industry shaken. However, the Indian diamond industry is quite aware of the stern stand Bharat Diamond Bourse has taken against the trading of synthetic diamonds in its premises. In 2015, BDB completely banned the trading of synthetic diamonds within the complex.

The portal in its report has quoted Mr Anoop Mehta and about few BDB members approaching the BDB to reconsider its 2015 decision.

Coming back to the news, it was quite disturbing to read such developments amidst the horde of issues that the industry is already facing. When DiamondWorld spoke to Mehul Shah, Vice President, BDB, he clarified “Anoop Mehta, President of BDB has been misquoted by the online news portal. His words have been completely twisted. There is no such development. BDB is not at all thinking of lifting the ban on trading of synthetic diamonds within its premises.”

Further, he said, “BDB is a member’s body. We work for the industry members. All the decisions are taken with the consent of its members. Few months ago, some members had approached the BDB. However, the BDB’s managing committee had unanimously decided not to allow trading of synthetic diamonds at the bourse as it’s in the best interest of the natural diamond industry.”

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
*  Name:
*  Mobile:
*  Email:
Subscribe for DiamondWorld weekly Newsletter
Search News by City
Kosher 23460
Kosher 23460
Recent Issue
Kosher 23460
News in Pictures
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 28285
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 3459
GJEPC Chairman Interview
Views: 24858
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 33023
Promo for IJ Awards 2012 at NDTV Profit
Views: 46980
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 59445
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 19346
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 45791
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 44668
DW News App
Member of:
Supporter of: