Vladimir Zboykov: New times have come for jewelers

How a personal collection of minerals was thrown on the scrap-heap, who is behind the destruction of gemstone consumption culture in Russia and why jewelers will soon have to choose between business and prison – all this was told to Rough & Polished...

Yesterday

Changing preconceptions in the diamond and financial markets

Eli Avidar is a man on the move…literally. In April, the former Israeli diplomat stepped away from the CEO’s office at the Israel Diamond Exchange, a position he had held for more than two years, and from the Israel Diamond Institute, where he had been...

13 august 2018

Chasing a dream…

Elina Chan, MD of Shenzhen Shi Qing Yu Zhubao Ltd completed her higher education from Xiamen University and Master’s degree from Hong Kong University. To achieve her dream to start a business, Elina gave up numerous job opportunities in Hong Kong and...

06 august 2018

Pangolin Diamonds using termites to find kimberlite indicators in Botswana

It is not a secret that the rate of kimberlite discovery in Botswana has dropped considerably and research has shown that termites can help diamond explorers have an understanding of the transport mechanism of kimberlite indicator minerals from the kimberlite...

30 july 2018

In another fifty years, we’ll have a different scale of valuation, and all those items of natural origin – including diamonds – will sharply increase in price

Within the framework of the Qatar-Russia 2018 Year of Culture, the World Diamond Museum hosts an exhibition of the Qatar Museums at the State Historical Museum in Moscow – "Pearls: Treasures of the Seas and the Rivers," that opened on 11 July...

24 july 2018

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