DTC continues GIA story

DTC has once more sought assurances from Sightholders in respect of an investigation into the alleged misconduct of grading reports at the GIA, the world�s largest diamond grading laboratory.

De Beers London-based sales arm wrote to the sight holders that, � the Gemological Institute of America has recently written to a number of additional businesses and/or individuals informing them that they are no longer able to submit stones to the GIA for laboratory grading.� In November last year, DTC wrote to all Sightholders personally in connection with the allegations relating to conduct aimed at influencing the outcome of grading reports at the GIA.

�Rather than repeatedly writing individual letters to Sightholders asking them to confirm their non-involvement or implication in any way whatsoever in �Certifigate� on each occasion a relevant development comes to the DTC�s attention, I would like to emphasize that it is incumbent on Sightholders to pro-actively and immediately inform the DTC (providing a full written explanation) if the assurances you provided to us following our letter of 30th November have changed in any way whatsoever,� said Varda Shine, DTCs managing director in a letter to clients.