Gemfields and Gübelin Gem Lab have announced the introduction of a ‘next generation’ disclosure on laboratory-issued gemstone certificates.
This new approach will increase the transparency on gemstone reports, giving dealers the right to waive their anonymity when submitting a stone for laboratory testing.
Traditionally, gemstone certificates have been issued without disclosing the identity of the party presenting the gemstone to the laboratory for a report. As such, the party with custody of the gemstone at that point has remained anonymous.
The disclosure for gemstone reports will see Gübelin Gem Lab offer all of its clients the choice of whether or not they wish to have their names included on gemstones reports issued by Gübelin Gem Lab.
The new approach represents an important step in furthering the level of disclosure and transparency in the chain of gemstone custody, providing improved understanding of a gemstone’s journey through the market.
Ian Harebottle, CEO of Gemfields, said: “Gemfields believes that the more information we can share about a gemstone’s journey, the better.
“This innovation will improve the resolution of the chain-of-custody picture available to consumers and industry participants. Simply put, the market will better understand the hands a gemstone has passed through.”
Daniel Nyfeler, managing director of Gübelin Gem Lab, said: “Gübelin Gem Lab is delighted to offer its clients the choice of having their names disclose on our reports.
“This is a voluntary measure and one which we hope will be embraced by our clients in the gemstone trade and retail business, and eventually be adopted by other laboratories in pursuit of an improved customer offering and greater transparency.”