Connect with us

Headlines

The Undisclosed Synthetics Problem Is Worse Than You Think

mm

Published

on

Awareness is low, an expert says.

Undisclosed synthetic diamonds are an ever-present issue in the U.S. jewelry industry, but awareness of the problem is low, according to one expert.

Rapaport News recently interviewed Joseph Kuzi, director of Diamond Services, on the topic of synthetics and the impact they could have on the business.

He told Rapaport that the issue is “not as sexy as it was two or three years ago,” but that in fact the threat has only grown during that time.

Production of synthetics is growing, as is the sophisticaton of the technology used to create them. In China, for example, synthetics are made largely for industrial purposes, but the knowledge and sophistication needed to produce gem-quality diamonds is also increasing.

Kuzi said his company, which is a testing facility, sees undisclosed synthetics “every day,” though not necessarily in large numbers.

His advice: “Companies need to test all their stock. Doing random checks or sampling is not enough because it’s not a full-proof method.”

Advertisement

Read more at Rapaport

.

Continue Reading
Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

Retirement Made Easy with Wilkerson

The store was a landmark in Topeka, Kansas, but after 80 years in business, it was time for Briman’s Leading Jewelers to close up shop. Third generation jeweler and owner Rob Briman says the decision wasn’t easy, but the sale that followed was — all thanks to Wilkerson. Briman had decided a year prior to the summer 2020 sale that he wanted to retire. With a pandemic in full force, he had plenty of questions and concerns. “We had no real way to know if we were going to be successful or have a failure on our hands,” says Briman. “We didn’t know what to expect.” But with Wilkerson in charge, the experience was “fantastic” and now there’s plenty of time for relaxing and enjoying a more secure retirement. “I would recommend Wilkerson to any retailer considering a going-out-of-business sale,” says Briman. “They’ll help you reach your financial goal. Our experience was a tremendous success.”

Promoted Headlines

Most Popular