International News
CIBJO report considers listing gem labs complying with Blue Book Standards
With less than a month to go before the CIBJO Congress 2025 opens in Paris on 27th October, the seventh pre-congress Special Report has been released by the CIBJO Gemmological Commission, chaired by Hanco Zwaan.

“There have in recent years been concerns expressed about gemstone reports issued by different labs for the same stones, with different and sometime contradictory findings,” said Hanco Zwaan. “This has brought into question the qualifications of the laboratories issuing the reports, taking into consideration that, worldwide, there is very little official oversight as to what are the requirements for an organisation to claim to be a gem testing laboratory.”
Central to the proposed listing would be the CIBJO Gemmological Laboratories Blue Book, which outlines management and technical guidelines for gem labs, aligning with ISO Standard 17025. Other relevant Blue Books cover diamonds, coloured gemstones, pearls, and precious coral.
According to Dr. Zwaan, the system would allow the trade and consumers to clearly identify laboratories that operate with quality management systems and transparency. “The results given in reports often have a significant impact on the value of the item being reported upon,” he explained.
A key document that would have to be applied by listed labs would be the CIBJO Gemmological Laboratories Blue Book, a mammoth opus that is compiled by the Gemmological Commission. Providing guidelines for the management and technical operations of gem labs, it complies with and expands upon ISO Standard 17025, which is the internationally recognised accreditation management systems for testing and calibration laboratories. Also relevant are CIBJO’s Blue Books for diamonds, coloured gemstones, pearls and precious coral.
The Gemmology Special Report also reviews progress on the forthcoming CIBJO Jade Guide, highlights the Laboratory Manual Harmonisation Committee’s work, and examines the increasing role of artificial intelligence and machine learning in gemmology.
International News
Significant Upside Trajectory In The Metals Sector
Precious Metals Surge on Geopolitical Optimism as Gold and Silver Rally, While Crude Oil Faces Downward Pressure Amid Ongoing US–Iran Developments
Gold rates and silver rates in India will be driven by global trends, as the Indian market is closed. Trading in commodities, including gold and silver, will be closed for half a day on April 14 at MCX.
We are seeing a significant upside trajectory in the metals sector, driven by recent geopolitical synergies:
- Gold Asset Class: Spot prices have achieved a value-add recovery, scaling past the $4,760/oz threshold.
- Silver Asset Class: Currently experiencing a high-growth phase, surging approximately 2% to reach a target density near $77/oz.
- Market Bandwidth: While the MCX interface is currently undergoing a scheduled half-day service window on April 14,
- Energy Sector Headwinds
Conversely, the energy vertical is facing downward scalability issues:
- Crude Oil Index: Both US WTI and Brent Crude are failing to gain leverage, currently underperforming by 2% and hovering around the $98/bbl mark.
Geopolitical Synergy & Risk Mitigation
The recent bullish momentum in precious metals is a direct byproduct of strategic bilateral engagement between the US and Iran. Key stakeholders are currently deep-diving into negotiations to extend the current truce framework.
- US Perspective: President Trump has acknowledged a proactive outreach from Tehran following the implementation of a naval blockade.
- Iranian Alignment: President Pezeshkian has signaled readiness to move the needle on peace discussions, provided all deliverables remain within the compliance framework of international regulations.
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