FTC’s warning letters ripple though lab-grown industry
The Federal Trade Commission’s (FTC) warning letters to eight companies that sell man-made diamonds and diamond simulants have clearly made an impact on that business.
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Are LGDs the cause of lower melee prices?
Have you read the cover story of IDEX Magazine’s March edition? If not, please take a few minutes this weekend to read it.
A quick review of the FTC’s rules on lab-grown diamonds
Earlier during the week of 1st April, news broke that the FTC (Federal Trade Commission) had sent letters to eight companies warning them that their advertisements for lab-grown diamond jewelry or diamond simulants (CZ, moissanite, etc.) could be deceptive.
De Beers rough diamond sales Cycle 3, 2019
Press release – US$575 million (provisional).
Alrosa, Endiama to develop Angola industry
Alrosa has signed anagreement with Angola’s state-run diamond-mining company to develop joint projects and share information.
De Beers reduces sightholder supply
De Beers sightholders are bracing for lower rough supply for the rest of 2019 as the miner reduces its production and fulfills its commitments to support local manufacturing in Africa.
Dubai’s NBF Enters Antwerp Lending Market
The National Bank of Fujairah (NBF) has launched a representative office in Antwerp as it looks to expand its business lending to established diamond traders.
DPA launches free online diamond learning program
The Diamond Producers Association has launched a diamond e-learning program for U.S. retailers.
GIA launches new diamond country of origin reports
GIA (The Gemological Institute of America) announced it will introduce the GIA Diamond Origin Report service which will confirm the country of origin of polished diamonds.
Tiffany goes Gaga again in new ad campaign
Tiffany & Co. is continuing its relationship with Lady Gaga, using one of the dozen songs the Academy Award winner penned for “A Star Is Born” in its new advertising campaign.
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.