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JVC
JVC Launches Diamond-Supply-Chain Kit
The Jewelers Vigilance Committee (JVC) will unveil a diamond-supply-chain-protectionkit this month to help retailers understand the Federal Trade Commission’s(FTC) revised guidelines for natural and lab-grown stones. The free tool, which aims to help...
Polished Markets Oct 03, 2019 Rapaport News
Rapaport breakfast JCK Las Vegas 2019
Martin Rapaport at JCK: Watch the Full Speech
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....
Polished Markets Jun 05, 2019 Rapaport News
RapNet to Vote On Synthetics
RapNet to Vote on Synthetics
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...
Polished Markets May 22, 2019 Rapaport
FTC
FTC Issues Warnings to Synthetics Sellers
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...
Polished Markets Apr 03, 2019 Rapaport News
GIA
GIA Aligns Lab-Grown Reports with FTC Standards
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...
Polished Markets Mar 31, 2019 Rapaport News
CIBJO
CIBJO Calls for Synthetics Treatment Disclosure
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...
Polished Markets Mar 17, 2019 Rapaport News
HRD
HRD Makes Key Changes to Lab-Grown Reports
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...
Technology Mar 06, 2019 Rapaport News
Lab-Grown Meat
Synthetics: The Meat of the Matter
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...
Polished Markets Feb 21, 2019 Avi Krawitz
Diamond Foundry machine
IGDA: Lab-Grown Diamonds Poised for Upswing
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...
Polished Markets Feb 11, 2019 Rapaport News
GIA
GIA Sheds Light on De Beers’ Synthetics
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...
Polished Markets Feb 07, 2019 Joshua Freedman
Top 10 2018 montage
Top 10 Stories of 2018: A Year of Synthetics
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...
Polished Markets Dec 18, 2018 Joshua Freedman
Avi's Story
Everything Changes, Some Things Stay the Same
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...
Polished Markets Nov 08, 2018 Avi Krawitz
JCPenney Richline Grown with Love
Major US Retailers Embrace Synthetic Diamonds
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...
Retail Nov 01, 2018 Rapaport News
CIBJO
CIBJO Urges Diamond Consultation with FTC
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...
Polished Markets Oct 23, 2018 David Brough
Gassan Diamond factory in Amsterdam
CIBJO Won’t Bow to FTC Diamond Definition
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...
Financial-Legal Oct 11, 2018 Joshua Freedman
IIJS 600
Weak Rupee Raises Hopes for Indian Exports
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...
Mining Aug 13, 2018 David Brough
Wave Ring
DPA Raises Concerns over Synthetics Marketing
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”...
Marketing Aug 06, 2018 Rapaport News
Industry Response 150
Industry Hopes to Appeal FTC Rulings
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...
Polished Markets Jul 29, 2018 Rapaport News
FTC
RAPAPORT TRADE ALERT – July 27, 2018
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...
Polished Markets Jul 29, 2018 Martin Rapaport
Jewelry 150
Lab-Grown Diamonds Are Diamonds, Says FTC
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...
Polished Markets Jul 25, 2018 Rapaport News
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