January 2024 | Lab Grown Magazine

January 2024 | The Lab Grown Diamond Resource Book 12 Mailed to 24,000 Jewelers Monthly - To advertise call (888) 832-1109 | January 2024 13 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 Features Writer Dan Scott Graphics / Production Kim Kennelly LabGrownAds@gmail.com Advertising & Sales LabGrownMagazine@gmail.com Circulation 24,000 Magazines Printed &Mailed Monthly Distributed at Show Bins PO Box 683 Pomona, NY 10970 T: 888-832-1109 F: 212-257-7056 www.LabGrownMagazine.com Find us on A division of Zev Growing Diamonds: Growing Competition Starting 2024 means dealing with the lowest laboratory-grown (LGD) prices we’ve seen to date, and the strongest competition stemming from well-heeled firms and organizations. While margins are still high for LGDs, so is the multi-pronged competition. Regrettably, the competition isn’t exclusively between LGD growers. The mining sector, specifically the National Diamond Council (NDC) wishes to inform consumers and retailers with “Diamond Facts,” the title of their recent research. The NDC focused on past natural diamond and LGD pubic data to state claims. Centering on LGDs as the natural diamond “enemy;” is obvious. Martin Rapaport made that quite clear in his dire warning to the industry and continues to support such. The NDC takes a more sophisticated approach when educating on LGDs. The NDC’s research mythology states: “The findings of this analysis have been derived from a thorough review of a wide range of secondary research sources and the evaluation of internal research conducted on behalf of the Natural Diamond Council by globally respected third-party organizations… We welcome increased levels of disclosure across the industry for both natural and synthetic diamonds to enrich and inform future research.” “Welcoming disclosure” is a confusing statement as the NDC’s sources can be cloudy and cumbersome. There are 203 footnotes relating to the NDC sources - some date back to 2015. While the majority of reference data was published in 2022, no information from the International Grown Diamond Association (IGDA), LGD studies from MVEye or MVI Marketing are offered, yet key takeaways of the NDC report concentrate on LGD “facts.” The report http://tinyurl.com/NDC-FullReport2023 outlines the approved legal references pertaining to laboratory-grown diamonds. The NDC calls out the misuse of abbreviations, such as “lab-grown diamonds,” or describing the same as “man-made.” Why then does the word “man-made” appear five times in the same NDC report with headline status, and seven times on their own site? The NDC also uses “lab-grown diamonds” in their own online FAQs, and it’s cited twice in their report, including a 2023 IGI source. Despite the fact a 4.87 GIA-studied, gem-quality diamond was found last year at Arkansas’s Crater of Diamond State Park, a popular destination where surfaced rough diamonds are anything but rare, the NDC was compelled to illustrate how rare colorless diamonds are. Dan Scott offers these examples in this special edition of Carbon. Know your competition. Read this month’s feature story and be better informed to forge successfully into 2024. Lab Grown Diamonds 800-966-6615 info@hanadiamonds.com 550 S Hill St #1480 Los Angeles CA 90013 www.hanadiamonds.com Android app iOS app GIA is where the money is. Finest White & Fancy Pink GIA certified made in USA Ask us how to make more. $1500 $2500 $5000 $10000 $100k $175k $250k $500k SELL GET within 12 months cash back from Jan 1st - Dec 31 2024 once invoices are paid in full We reward you for selling the finest GIA lab grown diamonds.