Varvara Dmitrieva: The jewelry industry of Yakutia is distinguished by its creativity, unique cultural code and conservation of traditions

Varvara Dmitrieva, Associate Professor and Head of the Department of Precious Stones and Metals Processing Technologies of the North-Eastern Federal University, told Rough&Polished about the results of the Forum of jewelry Craftsmanship and the prospects...

Yesterday

Valery Budny: There is no strategy and legislation in Russia enabling the full cycle processing of precious raw materials within the country

Valery Budny, Head of the Jewelry Russia program and CEO of the JUNWEX media holding, told Rough&Polished about the results of the meeting and pressing issues in the precious metals and precious stones (PMPS) and the jewelry sectors.

11 april 2024

Paul Zimnisky: Natural diamonds face the risk of eroding their appeal if constantly discounted

New York-based independent diamond and jewellery analyst and consultant Paul Zimnisky told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that the industry should do away with discounts. He said the industry should treat natural diamonds...

01 april 2024

Edahn Golan: Lab-grown diamond prices to continue declining

In an exclusive interview with Rough&Polished's Mathew Nyaungwa, Edahn Golan, proprietor of the eponymous Edahn Golan Diamond Research and Data, predicted that the prices of lab-grown diamonds would continue to decline, especially at the retail and...

25 march 2024

ADPA’s Ellah Muchemwa: G7 restrictions to bring extra costs from diamond mining to retail

The African Diamond Producers Association (ADPA), which has openly registered its disdain for the G7’s rough diamond trade restrictions, is of the opinion that the move will bring extra costs on all stages, from mining to retail. ADPA executive...

18 march 2024

CIBJO and IGDA to collaborate on boosting consumer confidence in LGD

29 june 2023

The World Jewellery Confederation (CIBJO) and the International Grown Diamond Association (IGDA) have agreed to work together in protecting the confidence of consumers in lab-grown diamonds (LGD) in both jewellery products and the jewellery industry, through the transparent development of standards, operating principles and terminology.

Gaetano Cavalieri, President of CIBJO, and Joanna Park-Tonks, President of IGDA signed a Memorandum of Understanding on June 25, 2023 at the National Association of Jewellers (NAJ) summit in UK.

As part of the agreement, IGDA will become a member of CIBJO’s Laboratory Grown Diamond Committee, where it will be represented by Ms. Park-Tonks. The committee, chaired by Wesley Hunt of De Beers, has developed a Laboratory Grown Diamond Guidance document, the goals of which is to define universal trading and handling practices for laboratory-grown diamonds, safeguarding their identity and enabling consumers to make informed purchasing decisions.

A current focus of the CIBJO’s Laboratory Grown Diamond Committee, and also an element during the discussion between CIBJO and IGDA, is the honest and accurate presentation of sustainability issues through cross-industry collaboration and leadership.

“We are delighted to be able to formalize IGDA’s association with CIBJO and the work that we do,” said Dr. Cavalieri. “We have had open lines of communication for some time already, and IGDA did participate in the public review before we released the Laboratory Grown Diamond Guidance document in 2021. Over the past several years the laboratory-grown diamonds sector has grown into a large and a prominent part of our industry, and we all have a vested interest in each other’s success. That definitely will be enhanced by having the IGDA as a permanent part of the discussion and the decision-making process.”

“IGDA is simply thrilled to be so warmly welcomed by Dr. Cavalieri,” said Ms. Park-Tonks. “This sends a clear signal to the global jewellery industry to set personal agendas and egos aside, placing the consumer and their best interests at the heart of our work. We all agree that a strategy of deriding natural diamonds or laboratory-grown diamond products is not conducive to consumers understanding of either sector. Together we are stronger and we jointly acknowledge the necessity of communicating clearly, honestly and transparently.”

Theodor Lisovoy for Rough&Polished