Demand will pick up once the season starts

N Anantha Padmanaban took charge as the Chairman of the All India Gem & Jewellery Domestic Council (GJC) in January 2019. He has immense hopes and confidence in the Indian jewellery sector. His motto is to ‘ensure that after the day’s business...

14 october 2019

Prospects for discovering new diamond deposits in the Arkhangelsk Province are far from exhausted

ALMAZINTECH is engaged in technical auditing and comprehensive assessment of activities performed by exploration, diamond mining and gold mining businesses in Russia and other countries, as well as carries out research and development. It employs highly...

07 october 2019

Botswana Diamonds eyes expansion of Thorny River to include Marsfontein – Campbell

Botswana Diamonds, which has a 40% stake in Thorny River, through Vutomi, said there are plans to expand the project located in South Africa to include Marsfontein once a mining permit for the latter has been awarded. Company managing director James...

30 september 2019

Diamond knife and tender system: The tight-fisted paying twice?

LLC Kristalin is the only company in Russia that manufactures microsurgical diamond blades for domestic healthcare that meet international requirements and are used in ophthalmology, neurosurgery and plastic surgery. Mikhail Zhiltsov, the company’s Deputy...

23 september 2019

Didier Giard: Stiff competition among the diamantaires is one of the factors of the price war

On September 9, 2019, the French Association of Gemmology (l’Association Française de Gemmologie, AFG) held its regular Paris Gemmological Rendez-Vous. Its organizer, Didier Giar, the head of the AFG kindly agreed to answer questions from Rough&Polished...

16 september 2019

Diamantaire raises negative issues of lab-grown diamonds on the diamond industry

08 july 2019
For many years now, the issue of lab-grown diamonds or synthetic diamonds their impact on the natural diamond industry have been debated but in vain.
Leibish Polnauer, owner of Leibish & Co. Fancy Colored Diamonds, has recently published a video in which he raises several interesting questions on the matter.
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                       Image credit: Lightbox


 
Speaking about the way the production of diamonds in factories can affect the natural diamond industry, he asserts that the natural diamond industry employs hundreds of thousands, from mining and processing to marketing and trade. He also adds that the natural diamond industry employs people in countries where employment options are limited, and gives many people the ability to earn a decent living.
Leibish in his video asks whether the lab-grown diamond industry can provide a solution for the people employed in the industry today, and who are at risk of losing their livelihood.
Leibish points out that the producers of synthetic stones also try to brand them as environmental, since they are produced in factories and not in mines. According to Leibish, this is a false claim, and goes contrary to the current global trend of seeking and purchasing more natural materials.
Lab-grown diamonds, Leibish says, are synthetics goods, printed and duplicated like any other factory-made product. Another issue Leibish tackles is the marketing of synthetics. He says that De Beers, a major player in diamond mining, now promotes synthetics as well, thereby harming its main product, the natural diamonds. According to him, this move hurts not only De Beers but the entire industry.

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished