What does IDC stand for?
IDC is a joint committee that was later named the International Diamond Council, was appointed with a mandate to establish industry-wide unity in the grading of polished diamonds. IDC is a reflection of the two organizations that established IDC, namely the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA).
IDC’s mission was:
- To formulate set of internationally recognized standards for diamond grading and nomenclature that would be applicable in the same way all over the world.
- To normalize working methods for applying those standards.
- To encourage internationally recognized institutes to apply those accepted standards and methods.