August 2021 | Lab Grown Magazine

August 2021 | The Lab Grown Diamond Resource Book 30 To advertise call (888) 832-1109 | August 2021 31 Dan Scott is the founder and brand architect of Luxe Licensing, a New York/metro marketing firm. Dan enjoys brand and marketing discussions and welcomes conversation. He may be reached at dans@luxelicensing.com or LuxeLicensing.com . ◊ proposition remains in question. “LGD whole- sale transaction prices continued to decline in Q2, down on average 6% compared to Q1 and a staggering 41% year on year,” states industry expert, Edahn Golan. UnityWins In December 2018, a Frost & Sullivan was com- missioned by the Better Diamond Initiative (BDI) to create and publish a detailed environmental impact analysis comparing mining operations to con- trolled diamond growing in 2014. (Chart: BDI) by Rob Bates of JCK. While the first day was focused on the sustainability of natural diamonds, lab-grown stones were only mentioned in passing. There were no lab-grown diamond companies or representatives of the man-made sector on any panel or agenda. Was this a purposeful intent to shun the LGD side or are there simply no spokespeople or organizations to speak on behalf of LDGs? There are no shortage of questions but, without unity, we won’t get any clear answers. Without unity, there is no equilibrium.Without equilibrium, we can’t walk, let alone run. All photos are courtesy of Pandora A/S, unless otherwise indicated. LGD prices have trended overall downward from Q3 2018 to Q2 2021. (Chart: Edahn Golan) paragraph from a Jeweller Magazine post forecast the future as such: [The industry feels] “lab-grown diamond producers must, at all costs, be denied participation in industry conferences, congresses, and bodies; they were also presented as the in- dustry’s pariahs. Millions of dollars were spent on having regulators adopt unfriendly ‘derogatory’ language for usage in nomenclature describing lab-grown diamonds.” (www.jewellermagazine. com/Article/8133/De-Beers-Fire-in-the-Hole) A recent three-day online world diamond con- ference was held by Imitative in Arts and Culture (IAC), a NYC-based organization committed to using an “interdisciplinary approach” in educating diverse audiences in the fine, decorative, and visual arts. The IAC considers issues related to fabrica- tion, cultural patrimony, and culture preservation. Featured participants were the leading diamond organizations and labs, including GIA, and their respective CEOs with the opening session hosted