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Tech Pioneer Sees Future for Synthetics in Israel
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Israel has an opportunity to forge a new specialism in diamond synthesis as its polishing sector diminishes, according to a leading hi-tech executive and founder of a lab-grown venture.The country’s once-thriving diamond-manufacturing industry has mostly shifted to India, with only...
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Technology
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Jan 02, 2020
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Joshua Freedman
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Lightbox to Debut at Bloomingdale’s, Reeds
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De Beers will partner with two major retailers topromote Lightbox, its brand of affordable lab-grown diamond jewelry. Lightbox’s $800-per-carat jewelry is set to be soldin select Bloomingdale’s stores, including in New York City and San Francisco,...
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Retail
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Oct 15, 2019
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Rapaport News
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Lab-Grown Sector Gears Up for Eco Audit
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Six synthetic-diamond companies have signed up for apilot program aimed at creating a sustainability standard for the sector. SCS Global Services, a third-party auditing specialist,will analyze companies’ environmental, social and governance records, with thegoal...
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Polished Markets
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Oct 15, 2019
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Rapaport News
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WD Lab Grown Diamonds Hires New CEO
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WD Lab Grown Diamonds has appointed jewelry-industry veteranSue Rechner CEO. She will be responsible for growing the brand and expandingthe company’s market reach. Rechner, who held executive roles at Movado, FrederickGoldman, Citizen and...
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Retail
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Sep 25, 2019
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Rapaport News
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Ex-De Beers Exec Joins Synthetics Supplier
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Lab-grown brand Altr Created Diamonds has appointed RichardWhitby chief financial officer as part of an effort to broaden the company’s reach. “Bringing Richard on board marks a pivotal point for Altr aswe continue our global expansion...
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Polished Markets
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Sep 22, 2019
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Rapaport News
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DPA Grades Scanners for Synthetic Melee
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An official industry-wide project to test lab-grown detectors has expanded its efforts to melee, a segment of the market highly prone to undisclosed synthetics.The Assure program — an initiative of the Diamond Producers Association (DPA) and Signet Jewelers —reviewed...
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Polished Markets
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Aug 06, 2019
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Joshua Freedman
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Lab-Grown Retailer Hires Exec for US Push
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UK-based synthetic-diamond-jewelry retailer Lark & Berryhas hired Paul Ziff as its brand manager for North America. Ziff was previously a brand president at both Richemont andLVMH, and has held executive positions at Ralph Lauren...
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Retail
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Jul 31, 2019
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Rapaport News
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India Differentiates Synthetics Imports
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India has introduced an import classification code solely for lab-grown rough diamonds, enabling the industry to keep better watch of syntheticsentering the country.The government has separated the Indian Trade Clarification(ITC) code for rough...
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Financial-Legal
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Jul 14, 2019
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Joshua Freedman
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JCK Lab-Grown Section Shows Rising Demand
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At JCK Las Vegas, lab-grown-diamond exhibitors havemushroomed nearly as much as opinions about the stones themselves. Toaccommodate growing market needs, organizers debuted the Lab-Grown DiamondNeighborhood at the 2018 edition of the trade fair.“There may have...
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Polished Markets
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Jul 10, 2019
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Jennifer Heebner
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Podcast: Lightbox – the Synthetics King?
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On the first anniversary since the launch of Lightbox,Rapaport’s Avi Krawitz sat with managing director Steve Coe at the JCK show inLas Vegas. Coe gives his perspective of the industry’s response toLightbox, some insight...
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Retail
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Jun 05, 2019
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Avi Krawitz
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RapNet Members Say ‘No’ to Synthetics
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The RapNet community has voted overwhelmingly againstintroducing services for the lab-grown-diamond sector. Members voted by 79% to 21% against the trading platformlisting synthetics on the site. They also rejected a lab-grown pricelist, with 74%...
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Mining
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Jun 03, 2019
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Rapaport News
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Lab-Grown Ban Splits Opinion on Facebook
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An influential online community for jewelers has bannedsales of lab-grown diamonds, prompting fierce debate on social media. Jewelers Helping Jewelers (JHJ), a Facebook group with more than 16,000members, decreed Wednesday that no synthetics may be sold...
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Technology
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May 30, 2019
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Joshua Freedman
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Frederick Goldman Opens Lab-Grown Site
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Frederick Goldman has launched a lab-grown manufacturing center inMexico as part of its new jewelry supply business. Jewelry SolutionsGroup manufactures custom diamond jewelry and engagement rings, delivered to clients within a week. The venture is comprised...
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Polished Markets
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May 20, 2019
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Rapaport News
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Signet Enters Lab-Grown Market
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James Allen has launched sales of lab-grown diamonds,marking parent company Signet Jewelers’ entry into the synthetics market. The e-commerce business, which Signet acquired in 2017,now gives consumers the option of “earth-created” or “lab-created” stones...
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Retail
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May 05, 2019
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Rapaport News
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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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De Beers: No Need to Flag Synthetics Treatments
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De Beers claims it doesn’t need to disclose treatments to its lab-grown diamonds, placing itself at odds with many synthetics traders pushing for full transparency in the sector.The company’s synthetics brand, Lightbox, applies post-growth enhancements to its...
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Retail
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Feb 26, 2019
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Joshua Freedman
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‘Lab-Grown’ Diamond Turns Out to Be Natural
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A client of the Gemological Institute of America (GIA)wrongly submitted a natural diamond as a lab-grown stone, the organizationsaid.The GIA’s Carlsbad laboratory recently received the round brilliant,2.23-carat, D-color diamond, which the customer had sent in for asynthetic-diamond...
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Polished Markets
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Feb 06, 2019
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Rapaport News
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‘Diamonds and Lies’ Exposes the Real Fake
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In the era of fake news and synthetic diamonds, it was a matter of time before the two would meet. They did so recently in the form of editorials in the South China Morning Post (SCMP) and on the Russia...
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Polished Markets
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Dec 06, 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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Chow Tai Fook Says No to Synthetics
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Chow Tai Fook, Hong Kong’s largest jewelry company, has ruled out introducing a line of lab-grown diamonds at its stores, noting that Chinese consumers are not interested in the category. “We don’t have any...
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Retail
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Sep 16, 2018
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Avi Krawitz
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