Mining Meet and Greet

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David Gavin DBC President, Charles Fipke and Deputy Minister Peter Vician

David Gavin DBC President, Charles Fipke and Deputy Minister Peter Vician. Photo courtesy of Irina Lytchak of Canadian Jeweller Magazine.

The Diamond Bourse of Canada hosted various prominent members of the Canadian mining industry at its Toronto office for a Mining Meet & Greet on Tuesday March 3, 2015.

During the course of the event, Diamond Bourse of Canada President David Gavin addressed the attendees with the following statement, “Deputy Minister Peter Vician, Assistant Deputy Minister Deborah Archibald, distinguished guests, fellow members of the board, ladies and gentlemen; I would like to take this opportunity to welcome you all to the Diamond Bourse of Canada. The Bourse is a diamond and gemstone trading facility and we are an industry association that provides a variety of unique industry specific services. For example, we have a bonded warehouse facility, a loose diamond trading floor, a Sarine machine, as well as a fully equipped lab with a Diamond Sure machine kindly donated to us by De Beers, safety deposit boxes and clerical services to name a few.”

Mining Meet & Greet

From left to right, Mr. Samuel Chmielash, Director; Mr. Jeffrey Brenner, Treasurer; Mr. David Gavin, President; Mr. Robert Hawkins, Legislative Assembly of the NWT.  Photo courtesy of Irina Lytchak of Canadian Jeweller Magazine

Mr. Gavin went on to say that the Bourse came about with the help of the Canadian diamond industry stakeholders, including the Ontario provincial government as well as the Government of the Northwest Territories.

“We have been in existence for six years now,” adds Mr. Gavin. “ We have a membership of 80+ members, made up of both local and international diamantaires. We are a relatively young Bourse as is our diamond mining counterparts here in Canada but we seem to be making ourselves heard. We recently accepted our induction into the World Federation of Diamond Bourses which has raised our profile and has increased our relevance on the world stage.”

Guests at the Event. Photo courtesy of Irina Lytchak of Canadian Jeweller Magazine.

 

– See more at: http://www.canadianjeweller.com/diamond-bourse-of-canada-meet-greet-in-toronto/#sthash.sixCgq6Y.dpuf

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Open Letter from David Gavin Regarding Over Grading and Certification

Original DBC Logo complete Final

Open Letter from David Gavin Regarding Over Grading and Certification

November, 28, 2014

Dear Bourse Member,

The World Federation of Diamond Bourses president Ernie Blom put out an open letter on diamond grading, on Nov. 21, 2014.

As Canada`s only diamond trading organization and on behalf of the Board and with regard to this issue, the Diamond Bourse of Canada is fully supportive of the WFDB`s stance on the overstating of grading and we are in agreement on the terminology in regards to this matter.

The DBC recognises the need for increased transparency and honesty in the manner in which diamonds are traded and sold to consumers.

We advise all our members to adhere to the DBC code of ethics and to act at all times, in accordance with the highest standard of business ethics, personal integrity, honesty, including business practices that do not mislead or deceive.

As a Bourse member and supplier, it is your responsibility as a seller to ensure that the diamonds you sell are accurately graded to the standard accepted in the global diamond industry, which is the GIA.

As Mr. Blom stated, “ethical grading and certification are the most basic principles of the industry and these cannot be compromised. “
Sincerely,


David Gavin, President
DIAMOND BOURSE OF CANADA
president@diamondbourse.ca


More on this topic…
DIAMOND GRADING FURORE CONTINUES; ‘APPROVED’ LAB LIST RELEASED
(Jeweller Magazine, Stephanie Chan)

In the wake of international controversy surrounding the “over-grading” of diamonds, the JAA has published a list of “approved” laboratories while the World Federation of Diamond Bourses has stepped into the debate with a call for action.

The Jewellers Association of Australia (JAA) has taken steps to improve consumer confidence in diamond grading by publishing a list of six “approved” diamond grading laboratories.

READ MORE

Blom: Open Letter Regarding Over-Grading Certification
(Rapaport, By Ernie Blom)

The diamond industry is facing a serious challenge to its integrity, which could lead to major consumer confidence problems, if diamonds are sold with overstated certification. I want to stress that this is an industry problem that must be resolved by the industry in order to retain consumer confidence in our product and sustain and develop the international diamond trade.

Recently, awareness was raised regarding problems existing within a specific laboratory group and the overstating of grading from certain laboratories in this group, which has led to the exclusion of said laboratories certificates by the Rapaport Group.
READ MORE

Honest Grading
Overgrading is not just a legal issue, it is an ethical issue facing the diamond and retail industry.
(Rapaport Magazine, Martin Rapaport)

Is it okay to sell a diamond as a G color when the color is really an N? How about if the G is really an L? Shockingly, a lot of the people in the diamond trade think that it’s perfectly okay to use third-party diamond grading reports to overstate the color and clarity of the diamonds they sell.
READ MORE

Rapaport Calls for End to Rampant Over-grading of Diamonds
Cites Threat to Industry and Calls for Full Disclosure to Consumers

(By Rapaport)

PRESS RELEASE, November 10, 2014, New York … Martin Rapaport, the chairman of the Rapaport Group, has released a comprehensive editorial titled “Honest Grading” that discloses the over-grading of over 100,000 diamonds, valued at more than a $1 billion. Rapaport calls upon the legitimate jewelry trade to reject those selling over-graded diamonds that fool consumers into believing they are getting better diamonds than they are receiving.
READ MORE

WFDB Accepts the Diamond Bourse of Canada as New Member

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WFDB Accepts the Diamond Bourse of Canada as New Member

WFDB Accepts the Diamond Bourse of Canada as New Member

The Diamond Bourse of Canada is pleased to announce our induction into the World Federation of Diamond Bourses (WFDB) on June 16, 2014. DBC is the 29th Bourse to be inducted and Bourse President, Mr. David Gavin, accepted this distinguished honour on behalf of the Diamond Bourse of Canada from Mr. Ernie Blom, President of the WFDB.

“Being accepted as the 29 member of the WFDB has raised our profile on the world stage and solidifies our positioning allowing us to coordinate strategies on issues of common interest“ David Gavin.

WFDB members approved the applications at the 36th World Diamond Congress in Antwerp which opened on Monday. The Congress is the bi-annual meeting of WFDB and the International Diamond Manufacturers Association (IDMA).

Click here to read the whole story on Rapaport

Invitation 36th World Diamond Congress: Antwerp, Belgium, 15 -18 June 2014

WFDB: WORLD FEDERATION OF DIAMOND BOURSES

Dear Mr. Gavin,

36th World Diamond Congress, Antwerp, 15-18 June 2014

I am delighted to take this opportunity to inform you of the 36th World Diamond Congress, which will take place in Antwerp from Sunday 15 June until Wednesday 18 June 2014.

The Congress will commence with registration and WFDB committee meetings on Sunday 15 June 2014 and is scheduled to end with a press conference Wednesday 18 June around midday.

As previously mentioned, the application for your bourse to become a WFDB affiliated member will be tabled at Congress and I hope to welcome a delegation from your bourse to participate in an observer capacity.

I would like to inform you that there will be an online registration service, which will be available soon.  I would therefore suggest that you consult the following website on a regular basis: www.diamondcongress2014.com.  This website will also provide updated information on the Congress.  For any practical information, you can send an email to info@diamondcongress2014.com.

I sincerely hope that you will join us in making the 2014 Congress a success and I look forward to welcoming you in Antwerp.

Yours Sincerely,

Ernie Blom
President

Invitation 36th World Diamond Congress: 15 -18 June 2014 Antwerp

Invitation 36th World Diamond Congress:
15 -18 June 2014 Antwerp

About the WDC and WFDB:

The World Diamond Congress (WDC) and the World Federation of Diamond Bourses (WFDB) provides diamantaires from around the world a unique opportunity to come together and discuss how we can react to changing conditions in the market.

Since 1947, the WFDB has provided the diamond sector with an ability to act decisively and in unison, despite the great distances between the various manufacturing and trading centres. This ensures that the world federation will remain the industry’s most important representative body for diamonds in years to come.

World Diamond Congress 2014
http://www.diamondcongress2014.com/

Interview with David Gavin, President Diamond Bourse of Canada

Video

Rami Baron President of the DIAMOND DEALERS CLUB OF AUSTRALIA and executive member of the WORLD FEDERATION OF DIAMOND BOURSES interviews David Gavin, President Diamond Bourse of Canada.