The Federal Association of the Precious Stones and Diamond Industry, registered office in Idar-Oberstein, is the competent institution for all trade members in the Federal Republic of Germany. The association represents their members at the authorities, gives advice to them in questions of environmental belongings, nomenclatures, public relations etc. and is establishing the necessary contacts. Furthermore, the association is exclusively entitled to conclude tariff agreements and is advising its members in labour law matters, including the representation before the labour court.
Beyond that the association is engaged in public relations concerning the gemstone and diamond industry and trade. Furthermore the association represents its members at important trade fairs.