GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

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