Connect with us

Press Releases

CIBJO Releases Diamond Special Report on Natural and Laboratory-Grown Stones

It focuses predominantly on what it refers to as the “faultline” between the two.

mm

Published

on

(PRESS RELEASE) MILAN, ITALY — With fewer than seven weeks to go to the opening of the 2019 CIBJO Congress in Manama, Bahrain, on November 18, 2019, the fourth of the CIBJO commissions’ Special Reports has been released. Prepared by the CIBJO Diamond Commission, headed by Udi Sheintal, the report focuses predominantly on what it refers to as the “faultline” between diamonds mined in nature and man-made diamonds.

“Because laboratory-grown diamonds prices were deliberately benchmarked against the price of natural diamonds at the outset, the risk exists that the consuming public will continue to associate the one with the other, even after the economics have changed,” Mr. Sheintal writes. “While natural diamonds may once have inflated the price of laboratory-grown stones, the price war in the laboratory-grown diamond sector could have the effect of depressing the value of goods in the natural diamond sector.”

“This makes the task of disconnecting the natural diamond sector and the laboratory-grown diamond sectors even more important, not only from our professional perspective, but from the perspective of the consumer as well. The appeal of both products is different, and so clearly are the economics. They both should be provided the opportunity to thrive, in harmony alongside each other,” he continues.

In the report, Mr. Sheintal calls for the creation of agreed-to rules of engagement between the natural diamond and laboratory-grown diamond sectors in marketing their products, and warns about a readiness to pitch one as being more ethical or environmentally acceptable than the other. “This is not only a self-destructive marketing strategy, but it is also questionable in terms of the claims being made and the data upon which they are based,” he writes.

“Proper rules of engagement need to be created. I suggest that one of them would be for all sides to agree that any stone, which may be precious, but always is a lifeless object, is neither ethical nor environmentally friendly. These qualities refer to the way in which they are mined or manufactured. The onus of responsible behaviour always falls upon the individuals and companies mining or synthesizing, processing and marketing these products,” he notes.

To download a full copy of the CIBJO Diamond Commission’s special report, click here.

Advertisement

Advertisement

SPONSORED VIDEO

Les Georgettes

It’s All About Choices

With beautiful jewelry from Les Georgettes, choice is everything. Choose a design. Change colors. With 30 styles, 3 finishes and 48 stunning leather colors, you’ll never be at a loss for a unique piece of jewelry. Create, mix, stack and collect Les Georgettes by Altesse. Made in France.

Promoted Headlines

Press Releases

GIA Commits $1.3M to Artisanal Mining Education Project

It’s a four-year commitment.

mm

Published

on

(PRESS RELEASE) CARLSBAD, CA – Building on a successful pilot and feedback from small-scale colored gemstone miners in Tanzania, GIA (Gemological Institute of America) will expand distribution of its innovative gem guide for artisanal miners to other communities and countries in Africa. Speaking at the ICA Congress in Bangkok on Oct. 15, GIA President and CEO Susan Jacques announced a four-year, $1.3 million commitment, funded from the GIA endowment, to expand the program in Tanzania to Madagascar, Nigeria, Rwanda and Zambia. Working withPact, a Washington D.C.-based international development nonprofit organization with expertise in the region, GIA plans to reach 10,000 miners with relevant information on how to evaluate the quality of the rough they mine.

“This is a tremendous step forward in our efforts to bring information directly to artisanal miners right at the beginning of the gem and jewelry supply chain,” said Jacques. “We know that this investment will bring an invaluable benefit to miners, their families and the communities in which they live.”

Robert Weldon, GIA director of the Richard T. Liddicoat Library and Information Center, pictured with an artisanal miner from Tunduru, Tanzania.

The gem guide project began shortly after GIA Distinguished Research Fellow Dr. James Shigley saw the difficult working conditions of artisanal miners during a 2008 trip to Kenya and Tanzania. Dr. Shigley and Dona Dirlam, then-director of the GIA library, working with GIA research and library staff, created the booklet, “Selecting Gem Rough: A Guide for Artisanal Miners.” First developed in English and later translated into Swahili, the photo-rich booklet has images of the gemstones found in East Africa and illustrations of how to examine and evaluate rough gems. The booklet is waterproof and comes with a durable plastic tray that can be used to sort gems and do basic gemological evaluations. GIA piloted the program in 2016, working with Pact.

“We found that for every dollar invested, there was a 12-fold social return that will last years into the future,” said Cristina M. Villegas, technical program manager for Pact’s Mines to Markets program. “With their new knowledge, miners improve their income, send their children to school, invest in their mines and their communities.”

GIA staff, including Robert Weldon, current director of the Richard T. Liddicoat Gemological Library and Information Center at GIA and a major contributor to the development and content of the guide, trained more than 1,000 artisanal miners on how to use the guide and tray during a two-week period earlier this year in Tanzania. GIA’s initial efforts to provide information to small scale, artisanal miners came full circle when the GIA team visited the Tanzanian Association of Women Miners (TAWOMA), who participated in the very first training session for the guide.

“There is nothing more rewarding than seeing the reaction of the miners as they learn the material – you instantly see that you’ve positively made a change in someone’s life,” said Weldon. “These transcendent moments make us so proud that we can provide artisanal miners with a gem guide that gives them the confidence to know their value in the market.”

Continue Reading

Press Releases

Brooklyn Jewelers Launches Newest Line

It’s called “Neighborhoods Collection”.

mm

Published

on

(PRESS RELEASE) BROOKLYN, NY – Brooklyn Jewelers announces the official launch of its newest line, the new “Neighborhoods Collection”. Taking inspiration from the art and fashion trends of Brooklyn, this collection is designed with millennials in mind. All of our jewelry is available in castings with select styles offered finished (in white, yellow, rose, 14K, 18K, palladium, and platinum).

For more information, contact: info@brooklynjewelers.com or call (718) 534-4408

Activate your account today to view.

Check out our website: brooklynjewelers.com

We are also on Facebook and Instagram: @brooklynjewelers

Continue Reading

Press Releases

David Sexton of Jewelers Mutual Group Retires

He retires after 39 years with Jewelers Mutual.

mm

Published

on

David Sexton

(PRESS RELEASE) NEENAH, WI – Earlier this week, Jewelers Mutual Group announced the retirement of longtime vice president of Loss Prevention and Consulting, David Sexton, CPCU.

Sexton began his association with Jewelers Mutual in 1980 as an Underwriting Assistant and enhanced his career through roles in commercial lines customer service, CL underwriting, and specialty account management, becoming vice president of Loss Prevention and Consulting in 2004.

In this critical loss prevention leadership role, Sexton was responsible for the development, recommendation and implementation of Jewelers Mutual’s loss prevention policy. He is credited with building key relationships between Jewelers Mutual with the jewelry, alarm, and law enforcement communities, to effectively promote comprehensive loss prevention strategies to reduce jewelry exposures to loss.

“It was never about me, it was always about us,” Sexton said.

Sexton will officially retire from Jewelers Mutual on December 31, 2019, however he plans to remain involved with the company for the foreseeable future through engagement with Jewelers Mutual associates, jewelry associations at industry events, and collaborations with agents/brokers. He will continue to work with the Jewelers Mutual executive team to ensure key relationships and partnerships he has helped forge remain strong.

“I will always treasure the relationships I have made during my association with Jewelers Mutual,” Sexton said. “My retirement is not an end, but rather a beginning. The leadership of Jewelers Mutual has a clear path for continuing our vital loss prevention mission to provide innovative risk management solutions for the industry we serve, not just insurance.”

Sexton, a member of the 24 Karat Club of New York, currently serves on the Board of Directors for the Jewelers’ Security Alliance, a nonprofit association devoted to reducing crimes against the jewelry industry, as well as the Canadian Jewellers Association. In 2016, Sexton was the recipient of the Jewelers’ Security Alliance Industry Service Award and in 2018 he received the American Gem Society’s John J. Kennedy Law Enforcement Award.

Sexton has served on the Underwriters Laboratories (UL) Security Systems Council, formerly known as the Burglary Protection Council, since 1994 and also serves as a corporate member of UL in the insurance category. He served on the Central Station Alarm Association’s Insurance Liaison Committee, which assisted in the development of the Underwriters Laboratories (UL) burglar alarm modular certificate program and remains active on several UL/ULC Standard Technical Panels through which UL/ULC develops and maintain their standards for safety.

“You’re known by the company you keep,” Sexton said. “It’s all about the people. Working with people to help them solve their risk management challenges has really been the most rewarding aspect of my insurance career.”

Continue Reading

Most Popular