Gembridge has revealed new policies for listing coloured gemstones on its digital trading platform.
The policies cover disclosure, ethical practices and responsible sourcing, to support online purchasing and improve transparency within the trade.
The new policy “Trade With Trust” also aims to ensure that the attributes of each stone are “fully disclosed” before transactions are made online between trusted and vetted parties.
Furthermore, the group has also produced a charter that sets out the ethical standards and best practice to support a “responsibly managed” supply chain.
Helen Molesworth, head of business development, Gembridge, said: “This commitment to professional standards and transparent communication helps our members better understand one another, which leads to better business.
“This will ensure more accurate information with regard to the sale of coloured gemstones listed on Gembridge – and the characteristics that make them unique. All our members will be required to commit to these policies.”
Nick Marrett, CEO, Gembridge, added: “The charter and our disclosure and listing policy will help Gembridge and the coloured gemstone market grow by making us all work better together, while also attracting a host of new players, from more buyers and resellers through to lenders and investors.”