February 2021 | Lab Grown Magazine

February 2021 | The Lab Grown Diamond Resource Book 8 To advertise call (888) 832-1109 | February 2021 9 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 TheTide IsTurning for LGDs For those of you who watched the Diamond Roundtable webinar on January 22, Lab- Grown Magazine was represented by our fea- tures writer, Dan Scott, who gave a powerful argument for the reasons why lab-grown and mined diamonds should peacefully co-exist for the benefit of both sectors. In case you missed it, it is being replayed on: facebook.com/LabGrownDiamondMagazine Lab-grown diamonds continue to make the news, but recently the news was a bit topsy- turvy. According to the gem laboratory GSI (Gemological Science International), they have found natural diamonds mixed in with lab-grown melee. While the industry has been focused on detecting undisclosed LGDs, especially in melee, the reverse is now happen- ing.Who would have thought? Because of this new phenomenon, GSI has launched a service to test lab-grown diamond jewelry for undisclosed natural stones. On a different note, a report by MVI Mar- keting estimates that LGDs will go main- stream relatively soon, with the stone's growing popularity with consumers. As additional testament to the growing pop- ularity of LGDs, Lightbox recently opened a new manufacturing facility in Oregon. The LGD brand made even more news signaling the co-habitation of mined and lab-grown dia- monds when it signed Blue Nile - one of the world's largest jewelry e-commerce sites - as its first third-party retailer. In India, a country that is a major supplier of faceted mined diamonds, the members of the Bharat Diamond Bourse voted to approve the trading of LGDs, in a reversal of the BDB's ban that was put into place in 2015. While the tide is clearly turning for lab- grown stones, not everyone is on board. The other major bourses, such as Antwerp, Ramat Gan, and others have yet to embrace this trend. On the other hand, Dubai, one of the world's top three diamond-trading hubs, is committed to growing its lab-grown sector as seen by the first LGD tender that it held in 2019. Stay safe as hopefully the nation returns to more normal times in the coming months. Zev WE NOW CARRY LAB GROWN DIAMONDS LET OUR TEAM PROVIDE YOU THE BEST, COST-EFFECTIVE, HIGHEST QUALITY LAB GROWN DIAMONDS EXCLUSIVELY FOR YOU. TO VIEW OUR STOCK VISIT www.labgrownsolitaire.com CONNECT WITH US AT: 15 WEST 47TH STREET SUITE #1503, NEW YORK, NY 10036 TEL : +1 6463079087 | E-MAIL : sales@labgrownsolitaire.com GIA CERTIFIED