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‘Naturalmark’ Aims to Defeat Undisclosed Synthetics
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A new project to combat undisclosed synthetics has launched in India, offering retailers low-cost screening and inscription using a model based on gold hallmarking.Naturalmark will place tamper-proof seals on parcels of loose diamonds, as well as laser-inscribing finished jewelry,...
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Retail
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Jan 03, 2021
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Joshua Freedman
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Bharat Diamond Bourse Votes to Allow Synthetics
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Members of Mumbai’s Bharat Diamond Bourse (BDB) have voted in favor of allowing lab-grown trading on the premises of the exchange.The change will go into effect once the BDB has created guidelines for the sector, India’s...
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Polished Markets
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Dec 30, 2020
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Rapaport News
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Mumbai Bourse to Vote on Lifting Synthetics Ban
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Mumbai’s Bharat Diamond Bourse (BDB) is on the verge of allowing lab-grown trading, with members due to vote on the matter next week.The board of the world’s largest diamond hub has recommended the move, arguing that...
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Polished Markets
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Dec 21, 2020
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Joshua Freedman
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Diamond Foundry Opens Dubai Sales Office
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Diamond Foundry, one of the largest synthetics producers, has opened an international sales and distribution office in Dubai, citing the city’s beneficial location and connections with diamond centers.The Silicon Valley-based company’s new outpost...
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Polished Markets
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Dec 07, 2020
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Rapaport News
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Consumer Awareness of Synthetics Soars
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The proportion of consumers who have heard about lab-grown diamonds has risen to 80% in 2020, up from 58% two years ago, an MVI Marketing survey found.Meanwhile, 69% of shoppers knew of specific brands that use lab-grown...
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Polished Markets
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Nov 01, 2020
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Rapaport News
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WD Opens Up Lab-Grown Patents to Distributors
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WD Lab Grown Diamonds has entered into patent sublicensing agreements with two synthetics companies, enabling them to distribute chemical vapor deposition (CVD) stones in North America and beyond.The deals with Altr and Altr...
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Financial-Legal
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Oct 25, 2020
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Rapaport News
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GIA Unveils New Lab-Grown Reports
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The Gemological Institute of America (GIA) has launched its new grading reports for lab-grown diamonds, offering an updated look and format.The new documents, branded “LGDR by GIA,” come in digital-only form and use specific...
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Polished Markets
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Oct 15, 2020
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Rapaport News
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GIA Now Able to Screen Fancy-Shaped Melee
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The Gemological Institute of America (GIA) has expanded its melee-screening capabilities, with the organization now able to test whether parcels of fancy-shaped diamonds contain lab-grown or treated stones.The melee-analysis service separates natural diamonds from...
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Polished Markets
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Aug 24, 2020
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Rapaport News
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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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