What does IDC mean in COUNCIL
The International Diamond Council (IDC) is an organization that sets regulations, standards and practices concerning the diamond industry worldwide. The IDC was founded in 2000 as a joint venture between the World Federation of Diamond Bourses and the International Diamond Manufacturers Association in order to develop a set of global standards for diamond aspects such as grading, pricing, manufacturing and trading.
IDC meaning in Council in Governmental
IDC mostly used in an acronym Council in Category Governmental that means International Diamond Council
Shorthand: IDC,
Full Form: International Diamond Council
For more information of "International Diamond Council", see the section below.
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Essential Questions and Answers on International Diamond Council in "GOVERNMENTAL»COUNCIL"
What is the International Diamond Council?
The International Diamond Council (IDC) is an organization that sets regulations, standards and practices concerning the diamond industry worldwide.
When was the IDC created?
The IDC was founded in 2000 as a joint venture between the World Federation of Diamond Bourses and the International Diamond Manufacturers Association.
What is regulated by IDC?
The IDC sets regulations, standards and practices concerning aspects like grading, pricing, manufacturing and trading in the diamond industry.
What organizations are involved with forming IDC?
The World Federation of Diamond Bourses and the International Diamond Manufacturers Association jointly established the IDC.
How does IDC benefit consumers?
The global standards set by IDC help ensure customers receive quality diamonds at fair prices without deception or fraud by providing transparency in the diamond industry.
Final Words:
By setting global standards through its regulations and protocols, the International Diamond Council (IDC) provides protection to customers who purchase diamonds from around the world. Through its efforts to promote uniformity within its industry, it helps ensure consumers receive quality diamonds at fair prices.
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