CIBJO releases Diamond Special Report examining issues at the faultline between natural and laboratory-grown stones

CIBJO releases Diamond Special Report examining issues at the faultline between natural and laboratory-grown stones

02.10.2019: 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.

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 synthesising, processing and marketing these products,” he notes.



To download a full copy of the CIBJO Diamond Commission’s special report, PLEASE CLICK HERE.  


 




The 2019 CIBJO Congress will take place in Manama in the Kingdom of Bahrain, November 18-20, with pre-congress meetings on November 16 and 17.



Hosting the CIBJO Congress 2018 is DANAT, the Bahrain Institute for Pearls and Gemstones.
 


The official venue of the CIBJO Congress 2018 is the Four Seasons Hotel Bahrain Bay, and 5-star hotel accommodation can be booked at special rates at the Four Seasons Hotel Bahrain Bay and the adjacent Wyndham Grand Manama.





 

- Steven Benson, photos CIBJO

Permanent-URL: http://www.automobilsport.com/cibjo-diamond-special-report-faultline-natural-laboratory-grown-stones---198410.html

02.10.2019 / MaP

More News

CIBJO releases Precious Metals Special Report
25.09.2019
...looks at market drivers, trends and increased scrutiny With fewer than eight weeks to go to the opening of the 2019 CIBJO Congress in Manama, Bahrain, on November 18, 2019, the more >>
IDMA 21st Presidents’ Meeting to kick off in Dubai
21.09.2019
The 21st Presidents’ Meeting of the International Diamond Manufacturers Association (IDMA) and the World Federation of Diamond Bourses (WFDB) will begin on September 23, 2019, in Dubai. more >>
CIBJO releases Responsible Sourcing Special Report
19.09.2019
...describes principles applicable to all members of industry With fewer than nine weeks to go to the opening of the 2019 CIBJO Congress in Manama, Bahrain, on November 18, 2019, the second of the CIBJO commissions' Special Reports has been more >>
WFDB joins IDMA, DDE and DPA in diamond identification technology roadshow at 21st Presidents’ Meeting
18.09.2019
The World Federation of Diamond Bourses (WFDB) has joined the International Diamond Manufacturers Association ( IDMA) and the Dubai Diamond Exchange (DDE) in the organization of a roadshow of current diamond identification and de more >>
CIBJO releases Marketing & Education Special Report,analyzes next great jewellery-buying generation
11.09.2019
With fewer than 10 weeks to go to the opening of the 2019 CIBJO Congress in Manama, Bahrain, on November 18, 2019, the first of the CIBJO commissions' Special Reports has been released. Prepared by the CIBJO Marketing & Education Commission, h more >>
Raising the bar for ethical trading in the world’s largest diamond jewelry market
29.08.2019
When the Kimberley Process Certification Scheme (KPCS) was launched officially on January 1, 2003, it created for the first time in our industry’s history an ethical threshold that could be universally enforced. more >>
CIBJO President: Standards and due diligence tools being developed to enable all industry participants source responsibly
12.08.2019
All participants in the jewellery and gemstone value chain will need to come to terms with the fact that basic due diligence demonstrating that they are sourcing their supply responsibly is becoming is a regular requirement for doing business, said Gaetano Cavalieri, President of CIBJO, speaking last week in Mumbai. At the same time, he added, the systems being developed must be inclusive, mean more >>
Avraham Eshed named 2019 Israel Diamond Industry Dignitary
29.07.2019
After more than 50 years of uninterrupted work in diamonds and colored gemstones, Eshed is recognized for his achievements and his contribution to Israel's diamond industry and trade. Avraham Esh more >>
CIBJO President advocates case for small business enterprises
18.07.2019
....during UN’s High-Level Political Forum on Sustainable Development  CIBJO President Gaetano Cavalieri (left) addressing the World Business Council for Sustainable Development (WBCSD), during the 2019 High-Level Political Fo more >>
CIBJO Ethics Commission President discusses sustainable jewellery options
14.07.2019
...during small-island development dialogue at United Nations CIBJO Ethics Commission President Tiffany Stevens addressing the 2019 Global Multi-Stakeholder SIDS Partnership Dialogue at the United Nations in New York on July 10. more >>
WDC President calls on KP-member countries to enact measures that enable diamonds to meet their full developmental potential
18.06.2019
  WDC President Stephane Fischler addressing the Opening Session of the 2019 Kimberley Process Intersessional Meeting in Mumbai, India, on June 17.     WDC President Stephane Fischler has called on Kimberley Process-memb more >>
Harmonised gemmological standards promote fair jewellery trade...
27.05.2019
CIBJO President tells European Gemmological Symposium in Idar-Oberstein   German Gemmological Association President Thomas Lind and CIBJO President Gaetano Cavalieri flanked by speakers and guests at the 7thEuropean Gemmological Sy more >>
DiaCam360 to lift veil on automated diamond grading at JCK
24.05.2019
Its automatic grading system is based on data analysis through deep learning and AI DiaCam360 has initiated a new venture that will lead to the automated identification of a diamond’s color and clarity, based on a proprietary database of hundreds of thou more >>
CIBJO and the Coloured Gemstone Working Group to create responsible sourcing tools for jewellery industry
21.05.2019
CIBJO, the World Jewellery Confederation, and the Coloured Gemstone Working Group (CGWG) facilitated by the Dragonfly Initiative (TDI) have announced a new collaboration to strengthen and disseminate tools and resources for the responsible sourcing of coloured gemstones, to support a tr more >>
"Ana Maria Pearl," to be sold as Lot 264 at Christie's Magnificent Jewels Sale in Geneva in May
07.05.2019
SSEF Performs First-Ever Radiocarbon Age-Dating Procedure on Historic 'Ana Maria Pearl,' to be sold as Lot 264 at Christie's Magnificent Jewels Sale in Geneva in Mayphoto caption: Lot 264 from Christie's Magnificent Jewels Sale in Geneva on M more >>
WDC presents its revised and strengthened System of Warranties
25.04.2019
..at OECD's Responsible Mineral Supply Chain forum in Paris    Senior officials of the World Diamond Council (WDC) have provided an overview of the organization's revised System of Warranties (SoW), during two sessions on April 24 at t more >>
OECD Forum Paris: CIBJO President lays out comprehensive plan
24.04.2019
...to promote responsible sourcing in jewellery industry to OECD forum in Paris   Gaetano Cavalieri (centre), CIBJO President, addressing the OECD Mineral Supply Chain Forum in Paris on April 23, 2019. He is flanked by Guus Houtluin, Senior Advisor on Trade more >>
WDC is traveling to Paris, and in its spotlight the OECD's Responsible Mineral Supply Chain Forum
20.04.2019
....and Kimberley Process reform  Next week, starting on April 23, more than one thousand delegates will gather in Paris for an annually-held event that is fast becoming one of the most well-atten more >>
Uniform gemmological principles create common language
28.03.2019
...for jewellery trade, CIBJO President tells symposium in Copenhagen    Transparency in business is enabled when all terminology and metrics are accepted and understood by all participants, CIBJO President Gaetano Cavalieri has told a gemmo more >>
Diamond Services introduces new lab-grown diamond identification system
26.03.2019
.. expands accurate detection to light-brown colour rangesDiamond Services, the Hong Kong-headquartered developer of technological systems and services for detecting laboratory grown, imitation and tre more >>
BASELWORLD 2019 video, impressions and quotes
20.03.2019
THE BEACON EVENT FOR THE GLOBAL WATCH, JEWELLERY, GEMS AND RELATED INDUSTRIES  Baselworld 2019, the world’s largest watch and jewellery trade fair, has today opened to members of the press to showcase the world’s newest collections and designs. It is expected that like in previous editions the show will attract thousands of visitors and more >>
Harmonisation of standards, terminology and testing methods critical for Chinese trade's development
06.03.2019
... CIBJO President tells Hong Kong seminars   CIBJO President Gaetano Cavalieri addressing the international standardisation seminar in Hong Kong on February 28, 2019. Strict adherence to agreed-to grading stan more >>
World Diamond Council welcomes UN General Assembly resolution
04.03.2019
...calling for reforms to enhance effectiveness of the Kimberley Process The World Diamond Council has welcomed the adoption of a resolution by the United Nations General Assembly (UNGA) on March 1, which calls for a strengthening of the Kimb more >>
Baselworld 2019 news
02.03.2019
The beacon event for the global watch, jewellery, gems and related industries promises exciting news !Showcasing the world's most prestigious brands - Rolex, Patek Philippe, Chopard, Chanel, LVMH with Bulgari, Tag Heuer, Hublot & Zenith, Breitlin more >>
SSEF launches GemTrack™
26.02.2019
... a service linking cut stones to the rough stones from which they originated, using gemmological techniques The Swiss Gemmological Institute SSEF has announced the launch today of GemTrack™, a new service providing expert scientific opinion more >>
IDEX appoints Ya’akov Almor Editor-in-Chief of IDEX Online & Magazine
18.02.2019
IDEX - International Diamond Exchange, the global diamond, gem and jewelry industry and trade’s leading online diamond-trading platform for professional diamond traders, has appointed veteran communications expert and strat more >>
Vice President Eli Avidar to leave position at CIBJO
07.02.2019
...to run for political office in Israeli parliamentary election in April  Outgoing CIBJO Vice President Eli Avidar (left), with CIBJO President Gaetano Cavalieri.Eli Avidar, CIBJO Vice President, has resign more >>
CIBJO seminar in Vicenza focuses on responsible sourcing
22.01.2019
...presents the precious coral sector as a case study for sustainability   Photo caption: CIBJO President Gaetano Cavalieri introducing the panel at the opening of the CIBJO seminar in Vicenza, Italy, on January 19. more >>
Market Update: Increased transparency in gold trading
21.12.2018
On 20 November, LBMA published for the first time weekly average trading volume data through LBMA-i – its new reporting service, which delivers greater transparency and insight into the over-the-counter (OTC) gold and silver markets. The report includes average trading volumes of the OTC Loco-London and Loco-Zurich markets. more >>
CIBJO certified as being carbon neutral for fifth consecutive year
06.11.2018
CIBJO, the World Jewellery Confederation, has been certified as being carbon neutral in 2017, which is the fifth straight year that offset its greenhouse gas emissions through the purchase of carbon credits. It did so as part of the CIBJO Greenh more >>
IDMA concludes 38th World Diamond Congress in Mumbai
02.11.2018
....after long discussions about the future of diamond manufacturing sector IDMA and its sister organization the World Federation of Diamond Bourses (WFDB) concluded the 38th World Di more >>
CIBJO concludes 2018 congress in Bogotá, Colombia
18.10.2018
....after focusing strongly on responsible sourcing and new technologies CIBJO President Gaetano Cavalieri (far right) presenting a gift to Colombian Vice President Marta Lucia Ramirez (second from left). She is flanked by Pramod Kumar Agrawal (far left), Cha more >>
World Diamond Museum to host Qatar Pearl Exhibition in Moscow
08.07.2018
The exhibition is part of the Qatar Russia 2018 Year of Culture Programme  A new edition of the critically acclaimed Pearls: Treasures from the Seas and the Rivers exhibition will open in Moscow more >>
Aysen S. Nikolaev, Mayor of Yakutsk, appointed Acting Governor of Republic of Sakha
30.05.2018
... by Russian Federation President Vladimir PutinAysen Nikolaev in Israel during the recent Israel Diamond Exchange 80th Anniversary celebrations, flanked by Alex Popov (left), President of Moscow Diamon more >>
IEG details project to upgrade and expand Vicenza Exhibition Centre ...
16.05.2018
... aimed at strenghening Vicenzaoro's position as business platform and reference point for Global Jewellery IndustryThe Italian Exhibition Group will invest 35 million euro in the renovation and development of Hall 2 at the Exhibition Centre, in line with the Ind more >>
CIBJO Congress to take place in Bogotá, Colombia, October 15-17
10.05.2018
CIBJO, the World Jewellery Confederation, will hold its 2018 annual congress in Bogotá, Colombia, October 15-17, with pre-congress meetings beginning on October 13.  The congress will be hosted by Fedesmeraldas, the National Federation of Emeralds more >>
Italian Exhibition Group at Hong Kong International Jewellery Show
28.02.2018
The IEG Group (Italian Exhibition Group) to spotlight design and manufacturing excellence at the 35th edition of Hong Kong International Jewellery ShowThe IEG Group will present 55 Italian and international exhibitors at its T.Gold Internationa more >>
World Jewelry & Diamond Hub, Panama, elects Edi Faltz President of the Latin American diamond bourse
01.02.2018
photo collection:   Edi Faltz, President of the World Jewelry & Diamond Hub, Panama. The membership of the World Jewelry & Diamond Hub, Panama, Latin America's first and only d more >>
IDMA January notes by Ronny VanderLinden
31.01.2018
World Diamond Congress slated to be held in June 2018 The World Federation of Diamond Bourses (WFDB) has announced that dates have been set for the 2018 World Diamond Congress, the biannual meeting of t more >>
2001-2019 copyright automobilsport.com