In 2006, when Gemological Institute of America (GIA) chairman Ralph Destino announced that its grading lab would issue reports for lab-grown diamonds, it caused a huge uproar and fear in the traditional diamond market. But it shouldn’t have. In the ensuing years, the GIA Synthetic Diamond Reports have gotten very little traction, with most sellers opting for other labs. Which is surprising, considering GIA’s…
Tag: recycled diamond
【int’l】An Alternative View: Paul Zimnisky on Diamond Recycling
Indpendent diamond industry analyst Paul Zimnisky takes an alternative, well-considered approach to recycled diamonds: they could be the shot in the arm the natural diamond industry needs. Eliminating the concerns about environmental and social issues important to today’s consumers, he argues that from a value standpoint, “a more readily available, competitive and active diamond resale…