Big Survey Manmade Diamond Legal Quiz: Can You Do Better Than the Jewelers in the 2018 Big Survey? Test your knowledge. Published 4 years ago on November 26, 2018 By Eileen McClelland Share Tweet ON JULY 24, the Federal Trade Commission’s jewelry guidelines were revised to include laboratory-grown diamonds in the commission’s definition of diamonds. The FTC’s previous definition of a diamond was: “A natural mineral consisting essentially of pure carbon crystallized in the isometric system.” The new listing does not include the word “natural.” “When the commission first used this definition in 1956, there was only one type of diamond product on the market — natural stones mined from the earth,” the FTC said. “Since then, technological advances have made it possible to create diamonds in a laboratory. These stones have essentially the same optical, physical and chemical properties as mined diamonds. Thus, they are diamonds.” Which of the following terms are you allowed to use to describe laboratory-grown diamonds, according to the FTC. (The figures in parentheses reflect the answers of your fellow jewelers who took the Big Survey) Laboratory-grown 94% Manmade 56% Laboratory-created 47% Synthetic 35% (Manufacturer-name)-created 34% Cultured 20% Simulant 7% Imitation 6% The descriptions in orange are fine, based on the FTC guidelines, while those in red are not. How did you do? Advertisement Related Topics: Big SurveyFeaturedlab-grown diamonds click to Comment(Comment) Up Next Big Survey: How Many Women Make More Than $150,000 in Retail Jewelry? Don't Miss Big Survey: How Many Hours Do Jewelers Work Per Week? Eileen McClelland Eileen McClelland is the Managing Editor of INSTORE. She believes that every jewelry store has the power of cool within them. Advertisement SPONSORED VIDEO Maximize Every Sale with Wilkerson When it’s time to run a sale, whether it’s a retirement, going-out-of-business, anniversary or “we’ve got too much merchandise” sale, let Wilkerson handle the details. The Diamond Galleria did just that when they selected Wilkerson to run its liquidation sale. According to Sharon, their CPA, it was the right choice. “We could have done a going-out-of-business sale ourselves and done 30 to 40 percent of what we actually sold with Wilkerson involved,” she says. Seeing the strategies that Wilkerson puts in place for every sale was something that convinced her they had made the right move. “I would highly recommend Wilkerson to anyone considering this type of sale.” You may like Promoted Headlines Maximize Every Sale with Wilkerson Wilkerson Retail Guide to Beat Inflation Clientbook When It’s Time to Liquidate, Call Wilkerson Wilkerson Advertisement Latest Trending Videos Gem Quiz3 days ago Here’s the Answer to July’s Gem Quiz Press Releases3 days ago Jewelers Mutual to Host Conversations in Park City Leadership Conference Press Releases3 days ago Miami Jewelry District Incorporates Jewelry Designers from Around the World Headlines1 week ago Michigan Jewelry Buyer Sentenced for $12M Fraud Scheme New Arrivals4 days ago 27 New Engagement and Wedding Rings Your Customers Will Love Forever Headlines6 days ago West Coast Jewelry Thieves Target Pedestrians Using ‘Chaotic Interactions’ Sponsored Content4 days ago Maximize Every Sale with Wilkerson Sponsored Content2 weeks ago When It’s Time to Liquidate, Call Wilkerson Sponsored Webinars2 weeks ago 5 Ways to Beat Inflation by Clienteling Advertisement SubscribeBULLETINS INSTORE helps you become a better jeweler with the biggest daily news headlines and useful tips. (Mailed 5x per week.) Latest Comments Most Popular Headlines1 week ago Michigan Jewelry Buyer Sentenced for $12M Fraud Scheme New Arrivals4 days ago 27 New Engagement and Wedding Rings Your Customers Will Love Forever Headlines6 days ago West Coast Jewelry Thieves Target Pedestrians Using ‘Chaotic Interactions’ Celebrity Jewelry5 days ago What Are the Earrings that J.Lo Is Wearing on Her Honeymoon/Birthday in Paris? Benchmarks3 days ago These 9 Jewelry Retailers Know How to Drive Engagement Ring Purchases Megan Crabtree1 week ago Here’s Why You Should Carry Complete Rings in Your Showcases Celebrity Jewelry6 days ago Adele Vacations in Colorful Jewels by Van Cleef & Arpels and Others Photo Gallery1 week ago 27 New Engagement and Wedding Rings Your Customers Will Love Forever [Photo Gallery]