Diamond News Archives

(PRESS RELEASE) Shree Ramkrishna Exports (SRK), the largest crafter of natural diamonds in the world, is delighted to announce that our in-house grading system- SRK Grading System (SGS) is now accredited by Manchester based Certification Agency "Alcumus ISOQAR" with the world's most distinguished certificate- ISO 24016, which specifies the terminology, classification and pedagogy that are used into SGS for the grading and description of single, unmounted natural polished diamonds over 0.25 carats. This makes SRK world's only company to have attained this ISO certification, and SGS the 1st of all the grading systems known in the gems and jewellery industry across the world to meet the highest globally-recognized grading standard for natural polished diamonds.

SRK was officially recognised for this achievement through a Virtual Felicitation Event organized on 11th March, 2021. The celebration was conducted in the august presence of Mr. Steve Stubley, Technical Strategy Director; Mr. Roger Wood, International and Business Support Manager at Alcumus ISOQAR Ltd; Mr. Suhas Risbood, Managing Director at ISOQAR India Pvt. Ltd. and fellow team members of SRK.

The International Organization for Standardization (ISO) certification is a mark of assurance. The ISO 24016 compliance, which ensures worldwide acknowledgement and credibility of SGS is based on a pure quality paradigm that centres around:

- Customer Excellence

- Leadership

- Process Approach

- Continuous and Steady Improvement

- Evidence-based Decision Making

- Relationship Management

To become ISO 24016 certified, the SRK Grading System underwent a two-stage evaluation process of ISOQAR technical assessors that included pre-audit, a management system documentation review, overall grading process assessments including Carat (Mass), Dimensions, Colour, Fluorescence, Clarity, Cut, Shape, Proportions, Finish, Grading Reports and Comments.

Pursuing...

(IDEX Online) - A trader has been arrested on suspicion of diverting duty-free gold worth almost $14m back into India's domestic market.

Preet Kumar Agarwal is accused of re-directing 250kg of gold after it had been formally cleared by airport Customs officers for export, thus evading tax. 

He was arrested last Thursday under the Prevention of Money Laundering Act.

India's Enforcement Directorate (ED) also raided five locations in Hyderabad last week, among them Ghanshyamdas Gems & Jewels, owned by his father Sanjay Kumar Agarwal.

The Times of India quotes ED officials as saying: "Instead of bringing (the consignment) to Dubai, Preet Kumar passed on the boxes containing the gold jewellery to his father Sanjay, who was waiting outside the airport. 

"Sanjay, in turn, booked the consignment with Indigo Airlines domestic cargo so as to transfer it from Kolkata to Hyderabad."...