“Lab-Grown Diamonds is probably the biggest scam this industry has ever seen,”: Leibish Polnauer, Founder-President, Leibish & Co.

An interesting story from the Leibish & Co takes you way back to the year 1979 when young Leibish Polnauer, then a diamond polisher, was travelling to London, having just found out that the factory at which he worked had been shut down. He found an advertisement...

24 june 2019

Botswana mining industry players speak on speculative exploration licences

Speculative mineral exploration licences was a recurring theme from presentations made by three players in Botswana mining industry at a conference convened in Gaborone. The country has issued thousands of exploration licences, across the mining industry...

17 june 2019

Design is the key to all markets

Besides being an astute businessman, Mumbai-born Laksh Pahuja is a designer par excellence known globally for his awe-inspiring unusual jewellery pieces. Trained at the Gemological Institute of India and Harrow College of Art England, Laksh combines...

10 june 2019

Mutual mass destruction will not serve anybody’s purposes

The recent moves by the U.S. Federal Trade Commission (FTC), including its letters urging some companies to abide to the revised edition of FTC Jewelry Guides and the explanations from FTC attorney Robert Frisby posted on the FTC website were...

03 june 2019

Pavel Sokolov: Every stone has its beauty

THE ‘GEMSTONES BY SOKOLOV’ brand has been popular for over 25 years. The aim of this company is to supply any kind of gem studs to the Russian market including the unique ones except diamonds of any cut. The product range by the SOKOLOV Company is very...

27 may 2019

Huron Capital Completes Equity Investment in WD Lab Grown Diamonds

09 january 2019

Huron_ capital _logo.pngLeading middle-market private equity firm Huron Capital announced it had made a significant equity investment in WD Lab Grown Diamonds. Based in the Washington D.C. area, the Company is a leading producer of large, ultra-high-quality laboratory-grown diamonds for the jewelry, scientific and industrial markets, Huron Capital reported.
“The Huron Capital investment is expected to help us significantly expand our capacity in the fast-growing, high-quality segments of both the gem and industrial markets, and build our base of trade partnerships,” Clive Hill, WD founder and CEO, said.
WD holds an extensive portfolio of exclusive global licenses with the Carnegie Institution of Washington centered on the patented Chemical Vapor Deposition process and other methods to grow diamonds.
In May 2018, WD’s laboratories produced the world largest known gem-quality lab-grown diamond to date in a matter of months, compared with the billions of years it can take diamonds to form in the earth.
Lab-grown diamonds and mined diamonds have the same optical, chemical and physical properties, leaving their origin as their only difference. In July 2018, the U.S. Federal Trade Commission released its Revised Jewelry Guides, levelling the competitive landscape for the sale of lab-grown and industrially-mined diamonds to consumers.

Alex Shishlo, Editor in Chief of the European Bureau, Rough&Polished, Brussels