April 2021 | Lab Grown Magazine

April 2021 | The Lab Grown Diamond Resource Book 12 DISCLAIMER: Lab Grown Magazine assumes no responsibility for content, articles, or advertisement in publication. All rights reserved. Reproduction in whole or in part in any form without prior written permission of the publisher is prohibited. The publisher reserves the right to edit all articles for clarity space and editorial sensitivities. Publisher Zev Oster Manager David Oster Advertising & Sales LabGrownMagazine@gmail.com Graphics LabGrownAds@gmail.com Circulation 25,000 Magazines Printed & Mailed Monthly Distributed at Show Bins 30 West 47th Street | Suite 707 New York, NY 10036 T: 888-832-1109 F: 212-257-7056 www.LabGrownMagazine.com A divison of Light at the End of theTunnel? While it is still much too early to predict the end of the pandemic and the return to normalcy, there are hopeful signs on the horizon. Vaccinations against Covid-19 are proceeding at a fairly rapid pace, lockdown restrictions are easing, and checks from the $1.9 trillion American Rescue Plan stimulus package are already being sent out, and should eventually reach 85% of U.S. households. On the economic front, the latest Bloomberg monthly survey of economists indicates that the annualized pace of growth in the first quarter will be 4.8%, two times faster than expected a few short months ago. For the entire year, the gross domestic product is estimated to rise 5.5%-up from January’s estimate of 4.1%-the fastest since 1984. And, overall jewelry sales in the U.S. rose in February, helped by the earlier January stimulus payments. As for lab-grown diamonds, they continue to make the news, sometimes specatcularly. At the 2020 Academy Awards, LGDs were seen on the Red Carpet when singer Billy Porter wore a glittering 65-carat necklace created by Lark & Berry in collaboration with Diamond Foundry. Featuring more than 500 LGDs set in white gold, the necklace attracted worldwide attention for lab-grown diamonds. On a different note, the World Jewellery Confederation (CIBJO) has launched a new website to inform the jewelry trade and consumers about the correct terminology to be used in describing lab-grown and natural diamonds. The site is called WhatisaDiamond. org , and was built in partnership with the Swiss Gemmological Institute (SSEF). According to CIBJO, all terminology complies with instructions from the International Organization for Standardization (ISO). The latest change in GIA's approach to lab-grown diamonds is that it is now providing specific information on post-growth treatments. The organization's Laboratory- Grown Diamond Reports now indicate if there is, or is not, evidence that a lab-grown stone has undergone any treatment to change its color. Color treatments are common in CVD created stones since many crystals have a brown tinge. Another example of evolution in attitudes towards LGDs... Zev