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Martin Rapaport at JCK: Watch the Full Speech
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The diamond industry must invest in new products andethically sourced natural diamonds to boost profitability and counter thegrowth of synthetics, Martin Rapaport, Chairman of the Rapaport Group, stressedat the annual Rapaport Breakfast in Las Vegas....
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Polished Markets
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Jun 05, 2019
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Rapaport News
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RapNet to Vote on Synthetics
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RAPAPORT PRESS RELEASE, May 22, 2019, Las Vegas … RapNet, the world’slargest diamond trading network with daily listings of over $7.4 billion, willbe voting on whether it should provide diamond listing and pricing services...
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Polished Markets
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May 22, 2019
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Rapaport
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FTC Issues Warnings to Synthetics Sellers
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The US Federal Trade Commission (FTC) has sent letters toeight companies selling lab-grown or simulated diamonds, warning that theirmarketing violates the government’s recently issued guidelines. Some of the companies’advertising may be deceptive to consumers, the...
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Polished Markets
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Apr 03, 2019
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Rapaport News
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GIA Aligns Lab-Grown Reports with FTC Standards
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The Gemological Institute of America (GIA) has updated thelanguage in its lab-grown-diamond certificates to conform to the recent Federal Trade Commission (FTC) guidelines.The grading lab will no longer use the term synthetic whenreferring to diamonds created...
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Polished Markets
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Mar 31, 2019
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Rapaport News
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CIBJO Calls for Synthetics Treatment Disclosure
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The World Jewellery Confederation (CIBJO) has specified theneed to disclose treatments when it comes to both natural and lab-grown diamonds. Sellers must make the disclosure clearly, both at the time of sale and before, the...
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Polished Markets
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Mar 17, 2019
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Rapaport News
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HRD Makes Key Changes to Lab-Grown Reports
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HRD Antwerp has changed the language it uses in itslab-grown-diamond certificates to match its reports for natural stones. The grading lab, which has issued documents for loose synthetics since 2013, has expanded its...
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Technology
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Mar 06, 2019
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Rapaport News
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Synthetics: The Meat of the Matter
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In a bold and somewhat savvy move back in January 2018, Tyson Foods, one of the largest food-processing companies in the US, took a minority stake in Memphis Meats, a startup in the budding cultured-meat industry. Despite the deal’s...
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Polished Markets
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Feb 21, 2019
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Avi Krawitz
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IGDA: Lab-Grown Diamonds Poised for Upswing
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The lab-grown-diamond sector is enjoying a spike in awareness among US consumers and is starting to make headway in the engagement-ring market, according to a report by the International Grown Diamond Association (IGDA).“Over the last two years, the anecdotal feedback...
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Polished Markets
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Feb 11, 2019
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Rapaport News
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GIA Sheds Light on De Beers’ Synthetics
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Two white lab-grown diamonds from De Beers’ Lightbox brandhave G color and VS clarity, the Gemological Institute of America (GIA) saidafter examining the stones. Lightbox doesn’t offer grading reports for its products, andhadn’t previously...
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Polished Markets
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Feb 07, 2019
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Joshua Freedman
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Top 10 Stories of 2018: A Year of Synthetics
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This was the year in which synthetic diamonds wentmainstream. De Beers launched its Lightbox brand, the US Federal TradeCommission (FTC) relaxed its rules for describing lab-grown diamonds, andthe likes of Macy’s and JCPenney started...
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Polished Markets
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Dec 18, 2018
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Joshua Freedman
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Everything Changes, Some Things Stay the Same
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The diamond and jewelry trade tends to be reactive rather than proactive. That was clear during the recent conference season, with the World Federation of Diamond Bourses (WFDB), the International Diamond Manufacturers Association...
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Polished Markets
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Nov 08, 2018
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Avi Krawitz
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Major US Retailers Embrace Synthetic Diamonds
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Lab-grown diamonds will feature at some of the largest US retailers this holiday season, with J.C. Penney, Macy’s and Jewelry Television (JTV) anticipating strong growth in the category. Berkshire Hathaway subsidiary Richline Group will...
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Retail
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Nov 01, 2018
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Rapaport News
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CIBJO Urges Diamond Consultation with FTC
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The World Jewellery Confederation (CIBJO) has proposedit work with other industry groups to consult with the US Federal TradeCommission (FTC) over its fiercely debated diamond terminology.Industry leaders attending the October 15 to 17CIBJO Congress...
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Polished Markets
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Oct 23, 2018
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David Brough
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CIBJO Won’t Bow to FTC Diamond Definition
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The World Jewellery Confederation (CIBJO) is likely tokeep the word “natural” in its definition of diamonds for the time being,according to the organization’s president.The Switzerland-based group will probably not amend theentry in its Blue Book...
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Financial-Legal
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Oct 11, 2018
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Joshua Freedman
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Weak Rupee Raises Hopes for Indian Exports
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A weaker rupee againstthe US dollar has helped boost exports to leading markets such as the US andChina, attendees at the India International Jewellery Show (IIJS) reported. “The jewelry anddiamond and colored-gemstone business is flourishing,” Gaetano Cavalieri,president...
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Mining
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Aug 13, 2018
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David Brough
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DPA Raises Concerns over Synthetics Marketing
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The Diamond Producers Association (DPA) is worried lab-growndiamond suppliers will use the new Federal Trade Commission (FTC) guidelines toconfuse consumers — a claim synthetics companies reject.The FTC last month removed the word “natural”...
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Marketing
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Aug 06, 2018
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Rapaport News
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Industry Hopes to Appeal FTC Rulings
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The World Federation of Diamond Bourses (WFDB) intends to persuade the Federal Trade Commission (FTC) to change its decision regardingthe description of a diamond. In its new jewelry guidelines, the FTC stated the term“diamond” does not...
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Polished Markets
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Jul 29, 2018
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Rapaport News
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RAPAPORT TRADE ALERT – July 27, 2018
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The United States Federal Trade Commission (FTC) has issuednew Guides for the Jewelry Industry. While these guidelines create confusion byexpanding the definition of the word ‘diamond’ to include synthetic diamondsthey continue to restrict...
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Polished Markets
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Jul 29, 2018
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Martin Rapaport
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Lab-Grown Diamonds Are Diamonds, Says FTC
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The Federal Trade Commission (FTC) has expanded its definition of “diamond” to include those grown in a laboratory, as part of several changes to its jewelry guidelines. The FTC’s previous definition of a diamond stated: “A diamond is anatural mineral consisting...
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Polished Markets
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Jul 25, 2018
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Rapaport News
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FTC Extends Deadline for Jewelry Guides Changes
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The Federal Trade Commission (FTC) has extended the deadline to file comments about changes to its Jewelry Guides to June 3, the Jewelers Vigilance Committee (JVC) reported. JVC had requested the extension from the...
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Financial-Legal
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Mar 03, 2016
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Mordy Rapaport
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