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Chennai: Concerned about the purported sale of synthetic diamonds in the appearance of real diamonds, jewelers warned people against buying gemstones without an invoice so that they could be used. avoid duplication.
According to some traders, synthetic diamonds are increasingly used in the market because they are cheaper and look like an original diamond.
"Today, synthetic diamond costs about 25 to 30% less than the original diamond. But, here it is used to replace the original diamond itself, "NAC Jewelers, general manager, N Anantha Padmanaban says PTI .
Elaborating, he said," in overseas markets jewelers declare it as a synthetic diamond, and a synthetic diamond is in itself a separate market, but here they sell it at the price of an original diamond.
Image of Representation Reuters
Since a consumer can not tell the difference between a synthetic and natural diamond, some reputable jewelers have set up a machine to identify the diamond of Originally, he added.
Vummidi Bangaru Jewelers recently unveiled the "SYNTHdetect" screening device that would be used to identify synthetic diamonds for the purpose of raising public awareness.
Vummidi Bangaru Jewelers, Director General, Amarendran Vummidi, said the apparatus of the International Diamond Institute and Research, a subsidiary of De Beers Group, was imported from the UK and would be available for the public to check their diamonds .
"From the image displayed on a high resolution screen on the camera, a diamond can be validated whether it is natural or synthetic," he said.
"L SYNTHdetect's tests provide customers with an ideal platform for verifying the authenticity of diamond jewelry, "said Amarendran Vummidi
. According to a jeweler of the city, while buying diamond jewelry, a consumer should look for a reputable jeweler and insist on getting a bill.
"Today, some consumers insist on buying diamonds without an invoice in order to avoid paying taxes. By doing this, the quality of the gemstone is compromised, "he said.
To avoid this, customers should insist on the bill that would not only inspire fear to traders who sell a synthetic diamond as an original diamond, but can also be a tool. According to a study, the synthetic diamond market in the Asia-Pacific region alone was estimated at $ 7,496 million and is expected to grow at CAGR (compound annual growth rate) by 7% by 2023
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