“Only do business with clients who have impeccable integrity,” suggests Davy Blommaert, banker

Davy Blommaert heads the Diamond Business at National Bank of Fujairah, which falls under the bank’s corporate and institutional banking division. With nearly 10 years of experience in the diamond industry, he was tasked to establish a unit within NBF...

18 march 2019

Russia’s export legislation is like a log on the road making it difficult to drive through

Eduard Utkin, General Manager of the Russian Jewellers Guild Association, which is a member of the Russian Federation Chamber of Commerce and Industry, answers the questions from Rough & Polished regarding the activities of the country’s professional...

11 march 2019

Botswana mum on new demands as negotiations with De Beers draw closer

Botswana said it will begin new diamond marketing and sales negotiations with De Beers in June or July this year. Mineral resources minister Eric Molale told Rough & Polished’s Mathew Nyaungwa on the sidelines of a mining conference in Cape Town, South...

04 march 2019

DLX-jewellery will focus more on colour stone designed pieces as well as diamond jewellery sets going forward - Jack Chen, General Manager, DLX-Jewellery

Graduating in International Business from an Institute in Sydney, Australia, in 2015, Jack Chen returned to China to start managing his family-owned jewellery business. Besides holding a certificate in a practical diamond course at Gemological Institute...

25 february 2019

Ali Pastorini: “We have to change a little the way to sell the idea that buying jewelry is just for glamour”

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 1000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

18 february 2019

Lab-grown stones are also diamonds - FTC

27 july 2018
According to RAPAPORT, the Federal Trade Commission (FTC) broadened its definition of “diamond” as it had amended its jewelry guidelines. Now the notion of “lab-grown diamond” is also referred to as a “diamond”.
As of FTC, before the diamond was defined as a natural mineral, but today such a definition is no longer relevant as lab-grown stones are considered diamonds as well, inspite of not being unearthed.

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Image credit: De Beers


“When the commission first used this definition in 1956, there was only one type of diamond product on the market — natural stones mined from the earth,” the FTC said. “Since then, technological advances have made it possible to create diamonds in a laboratory. These stones have essentially the same optical, physical and chemical properties as mined diamonds. Thus, they are diamonds.”
According to the report, it is also necessary to define the notion of “cultured”, when describing the origin of lab-grown diamonds. FTC suggests using such words as “man-made,” “lab-grown” or “foundry.”
The commission believes that the word “synthetic”, which is frequently used to describe lab-grown stones, evokes negative associations among consumers. They think that such term qualifies the stones as fake and artificial, which is why FTC recommends to avoid using it.
The agency also noted that the Diamond Producers Association (DPA) intends to better address the jewelry guidelines before commenting on this subject.

Victoria Quri, Rough&Polished