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:

1. To formulate set of internationally recognized standards for diamond grading and nomenclature that would be applicable in the same way all over the world.
2. To normalize working methods for applying those standards.
3. To encourage internationally recognized institutes to apply those accepted standards and methods.

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