EGL Laboratories Euro gem (Israel) Ltd. has issued a statement refuting claims made by EGL International that it is prohibited from issuing EGL certificates.

“We stress that our company has a long term franchise agreement with EGL International to issue certificates under its name up until the year 2020, with an option to extend the agreement for 10 more years,” the statement says. “This is a valid agreement which has never been nullified and continues to obligate both parties to the agreement in its entirety.”

It added, "Our company is authorized, without restrictions, conditions or prohibitions, to issue certificates under the name of EGL, as it has done for the past 22 years. Our company has met and continues to meet all the financial and professional franchise terms and conditions and continues to provide a reliable and professional service for its many customers. Any claim to the contrary is, to say the least, inaccurate.”

EGL Israel noted in conclusion, "Our laboratory will continue to provide an efficient, reliable, dedicated and professional service to all members of the diamond bourse in spite of all the attempts to impede our operations and harm us."