{"id":2952,"date":"2020-12-31T12:12:11","date_gmt":"2020-12-31T06:42:11","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=2952"},"modified":"2020-12-31T12:12:14","modified_gmt":"2020-12-31T06:42:14","slug":"bdb-members-give-in-principle-approval-for-lgd-trading","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/bdb-members-give-in-principle-approval-for-lgd-trading\/","title":{"rendered":"BDB Members Give In-principle Approval For LGD Trading"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The Bharat Diamond Bourse (BDB) members during the Annual General Meeting held yesterday, have in principle approved the trading of lab-grown diamonds (LGDs) within the BDB. However, members cannot start trading in LGDs just yet. The BDB Managing Committee will now draw up a set of guidelines to be followed by members who wish to trade in LGDs.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Mehul Shah, Vice President, BDB,<\/strong>&nbsp;says, \u201cThe BDB members will have to adhere to a set of guidelines formed by the bourse\u2019s management before they are allowed to trade in synthetic diamonds. The intention is to keep the two pipelines &#8212; natural and lab-grown &#8212; separate. The managing committee of BDB will now frame rules and guidelines on the same and decide the date from when members can start to deal in synthetics.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Some of the norms which may be enforced are:<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00b7 A separate application\/registration will have to be made by members desirous of trading in synthetics<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00b7 Companies dealing in both products shall ensure that the two separate entities are formed<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00b7 Identify and demarcate an office premises that they shall utilise solely for the purpose of trade in synthetic \/ LGDs<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00b7 Ensure that there is a clear, distinct and robust segregation process and technique implemented in their office premises<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00b7 Implementation of a separate and distinct stock\/inventory management system<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Colin Shah, Chairman, GJEPC,<\/strong>&nbsp;comments, \u201cThe decision to allow LGD trading within BDB will ensure the long-term sustainability of the Indian diamond manufacturing industry. The industry has always believed in being inclusive and there is a place for every product to exist as long as the disclosures are made. I see no reason why natural diamonds and lab-grown diamonds cannot co-exist as both products are important for keeping the home fires burning.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bharat Diamond Bourse (BDB) members during the Annual General Meeting held yesterday, have in principle approved the trading of lab-grown diamonds (LGDs) within the BDB. However, members cannot start trading in LGDs just yet. The BDB Managing Committee will now draw up a set of guidelines to be followed by members who wish to&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2953,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-2952","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BDB Members Give In-principle Approval For LGD Trading - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gjepc.org\/solitaire\/bdb-members-give-in-principle-approval-for-lgd-trading\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BDB Members Give In-principle Approval For LGD Trading - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"The Bharat Diamond Bourse (BDB) members during the Annual General Meeting held yesterday, have in principle approved the trading of lab-grown diamonds (LGDs) within the BDB. However, members cannot start trading in LGDs just yet. The BDB Managing Committee will now draw up a set of guidelines to be followed by members who wish to&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gjepc.org\/solitaire\/bdb-members-give-in-principle-approval-for-lgd-trading\/\" \/>\n<meta property=\"og:site_name\" content=\"Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-31T06:42:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-12-31T06:42:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2020\/12\/1111397633_lgd.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"325\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"GJEPC\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Regan Luis\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/bdb-members-give-in-principle-approval-for-lgd-trading\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/bdb-members-give-in-principle-approval-for-lgd-trading\\\/\"},\"author\":{\"name\":\"GJEPC\",\"@id\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/#\\\/schema\\\/person\\\/b614a6d604f6c36c387b4c876bb33d79\"},\"headline\":\"BDB Members Give In-principle Approval For LGD Trading\",\"datePublished\":\"2020-12-31T06:42:11+00:00\",\"dateModified\":\"2020-12-31T06:42:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/bdb-members-give-in-principle-approval-for-lgd-trading\\\/\"},\"wordCount\":301,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/bdb-members-give-in-principle-approval-for-lgd-trading\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/1111397633_lgd.jpg\",\"articleSection\":[\"BULLETIN\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/bdb-members-give-in-principle-approval-for-lgd-trading\\\/\",\"url\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/bdb-members-give-in-principle-approval-for-lgd-trading\\\/\",\"name\":\"BDB Members Give In-principle Approval For LGD Trading - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/bdb-members-give-in-principle-approval-for-lgd-trading\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/bdb-members-give-in-principle-approval-for-lgd-trading\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/1111397633_lgd.jpg\",\"datePublished\":\"2020-12-31T06:42:11+00:00\",\"dateModified\":\"2020-12-31T06:42:14+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/#\\\/schema\\\/person\\\/b614a6d604f6c36c387b4c876bb33d79\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/bdb-members-give-in-principle-approval-for-lgd-trading\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/bdb-members-give-in-principle-approval-for-lgd-trading\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/bdb-members-give-in-principle-approval-for-lgd-trading\\\/#primaryimage\",\"url\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/1111397633_lgd.jpg\",\"contentUrl\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/1111397633_lgd.jpg\",\"width\":500,\"height\":325},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/bdb-members-give-in-principle-approval-for-lgd-trading\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"BDB Members Give In-principle Approval For LGD Trading\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/#website\",\"url\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/\",\"name\":\"Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/#\\\/schema\\\/person\\\/b614a6d604f6c36c387b4c876bb33d79\",\"name\":\"GJEPC\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/f6c5b479a8ec14da0f88385e2b6cd51ccb37ac80c31409ecaebe5524700952a2?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/f6c5b479a8ec14da0f88385e2b6cd51ccb37ac80c31409ecaebe5524700952a2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/f6c5b479a8ec14da0f88385e2b6cd51ccb37ac80c31409ecaebe5524700952a2?s=96&d=mm&r=g\",\"caption\":\"GJEPC\"},\"sameAs\":[\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/\"],\"url\":\"\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"BDB Members Give In-principle Approval For LGD Trading - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/gjepc.org\/solitaire\/bdb-members-give-in-principle-approval-for-lgd-trading\/","og_locale":"en_US","og_type":"article","og_title":"BDB Members Give In-principle Approval For LGD Trading - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine","og_description":"The Bharat Diamond Bourse (BDB) members during the Annual General Meeting held yesterday, have in principle approved the trading of lab-grown diamonds (LGDs) within the BDB. However, members cannot start trading in LGDs just yet. The BDB Managing Committee will now draw up a set of guidelines to be followed by members who wish to&hellip;","og_url":"https:\/\/gjepc.org\/solitaire\/bdb-members-give-in-principle-approval-for-lgd-trading\/","og_site_name":"Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine","article_published_time":"2020-12-31T06:42:11+00:00","article_modified_time":"2020-12-31T06:42:14+00:00","og_image":[{"width":500,"height":325,"url":"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2020\/12\/1111397633_lgd.jpg","type":"image\/jpeg"}],"author":"GJEPC","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Regan Luis","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/gjepc.org\/solitaire\/bdb-members-give-in-principle-approval-for-lgd-trading\/#article","isPartOf":{"@id":"https:\/\/gjepc.org\/solitaire\/bdb-members-give-in-principle-approval-for-lgd-trading\/"},"author":{"name":"GJEPC","@id":"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79"},"headline":"BDB Members Give In-principle Approval For LGD Trading","datePublished":"2020-12-31T06:42:11+00:00","dateModified":"2020-12-31T06:42:14+00:00","mainEntityOfPage":{"@id":"https:\/\/gjepc.org\/solitaire\/bdb-members-give-in-principle-approval-for-lgd-trading\/"},"wordCount":301,"commentCount":0,"image":{"@id":"https:\/\/gjepc.org\/solitaire\/bdb-members-give-in-principle-approval-for-lgd-trading\/#primaryimage"},"thumbnailUrl":"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2020\/12\/1111397633_lgd.jpg","articleSection":["BULLETIN"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/gjepc.org\/solitaire\/bdb-members-give-in-principle-approval-for-lgd-trading\/","url":"https:\/\/gjepc.org\/solitaire\/bdb-members-give-in-principle-approval-for-lgd-trading\/","name":"BDB Members Give In-principle Approval For LGD Trading - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine","isPartOf":{"@id":"https:\/\/gjepc.org\/solitaire\/#website"},"primaryImageOfPage":{"@id":"https:\/\/gjepc.org\/solitaire\/bdb-members-give-in-principle-approval-for-lgd-trading\/#primaryimage"},"image":{"@id":"https:\/\/gjepc.org\/solitaire\/bdb-members-give-in-principle-approval-for-lgd-trading\/#primaryimage"},"thumbnailUrl":"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2020\/12\/1111397633_lgd.jpg","datePublished":"2020-12-31T06:42:11+00:00","dateModified":"2020-12-31T06:42:14+00:00","author":{"@id":"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79"},"breadcrumb":{"@id":"https:\/\/gjepc.org\/solitaire\/bdb-members-give-in-principle-approval-for-lgd-trading\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/gjepc.org\/solitaire\/bdb-members-give-in-principle-approval-for-lgd-trading\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/gjepc.org\/solitaire\/bdb-members-give-in-principle-approval-for-lgd-trading\/#primaryimage","url":"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2020\/12\/1111397633_lgd.jpg","contentUrl":"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2020\/12\/1111397633_lgd.jpg","width":500,"height":325},{"@type":"BreadcrumbList","@id":"https:\/\/gjepc.org\/solitaire\/bdb-members-give-in-principle-approval-for-lgd-trading\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/gjepc.org\/solitaire\/"},{"@type":"ListItem","position":2,"name":"BDB Members Give In-principle Approval For LGD Trading"}]},{"@type":"WebSite","@id":"https:\/\/gjepc.org\/solitaire\/#website","url":"https:\/\/gjepc.org\/solitaire\/","name":"Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/gjepc.org\/solitaire\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79","name":"GJEPC","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/f6c5b479a8ec14da0f88385e2b6cd51ccb37ac80c31409ecaebe5524700952a2?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/f6c5b479a8ec14da0f88385e2b6cd51ccb37ac80c31409ecaebe5524700952a2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f6c5b479a8ec14da0f88385e2b6cd51ccb37ac80c31409ecaebe5524700952a2?s=96&d=mm&r=g","caption":"GJEPC"},"sameAs":["https:\/\/gjepc.org\/solitaire\/"],"url":""}]}},"_links":{"self":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/2952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/comments?post=2952"}],"version-history":[{"count":1,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/2952\/revisions"}],"predecessor-version":[{"id":2954,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/2952\/revisions\/2954"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/media\/2953"}],"wp:attachment":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/media?parent=2952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/categories?post=2952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/tags?post=2952"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/thb-sponsors?post=2952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}