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GIA changes lab-grown diamond reports (a little)

In a long-awaited decision, Gemological Institute of America (GIA) has opted to change its reports for lab-grown diamonds by jettisoning the word synthetic, though it will still use a different grade scale than it does for naturals.

FTC warns lab-grown diamond companies about marketing

On April 2, the Federal Trade Commission (FTC) announced it had sent eight letters to jewelry marketers warning them that some of their online advertisements for jewelry made with lab-grown diamonds or diamond simulants  may deceive consumers.

Africa’s artisanal miners can help ‘awaken’ Sub-Saharan economies

In her address to the 6th Forum of the Africa-Belgium Business Week, held in the Belgian town of Genval, Marie-Chantal Kaninda, Executive Director of World Diamond Council (WDC), expressed the WDC’s optimism that Central African Republic (CAR) will soon be able to resume the unrestricted export of rough diamonds, supported by the Kimberley Process Certification […]

GIA unveils new diamond origin report

The Gemological Institute of America (GIA) is rolling out a new grading report that will highlight the country from which a diamond was recovered.

In India, prices of smaller diamonds are expected to drop further

Prices of small polished diamonds, also called melees, are expected to drop further in the next three, to four months as diamond manufacturers in Surat are selling off their inventories at discounts of 30 to even 40 percent to pay of loans they have taken with their local banks, The Times of India reports. The […]