The International Institute of Diamond Grading & Research (IIDGR), part of De Beers Group, has established a polished diamond grading partnership with Chinese jewellery retail giant Lukfook Jewellery.
The grading partnership is significant as it is De Beers Group’s first with a vertically integrated Sightholder.
Through the partnership, IIDGR will supply co-branded polished diamond grading reports to Lukfook customers.
The reports will use De Beers Group’s Ideal Optical Symmetry technology, which provides a magnified image of the light performance pattern of each diamond, offering customers enhanced information about their diamond.
The programme launches in Hong Kong and Macau today (March 30), with the potential to expand to other areas in the Greater China region.
President of IIDGR Jonathan Kendall said: “As customers continue to seek ever-greater confidence in diamonds, we are seeing increased demand from major diamond jewellery retailers for the innovative solutions that IIDGR can provide. This new initiative with Lukfook highlights the rapid international growth we are seeing in the business and we look forward to a long and successful partnership.”
Chairman and chief executive of Lukfook Group Mr Wong Wai Sheung said: “We are delighted to have established this ground-breaking new initiative with IIDGR. By working with IIDGR, a business backed by over 100 years of De Beers Group leadership in the diamond sector, we are able to offer our customers an added layer of assurance. We are very excited about the prospects of this new partnership.”
IIDGR issues Diamond Grading Reports and Diamond Identification Reports for any unset, natural, untreated diamonds weighing a minimum of 0.10ct. The Institute grades every clarity and all colours, including fancy colours.