July 2023 | Lab Grown Magazine

July 2023 | The Lab Grown Diamond Resource Book 12 Mailed to 24,000 Jewelers Monthly - To advertise call (888) 832-1109 | July 2023 13 36 WEST 44th STREET, SUITE #1103, NEW YORK, NY 10036 Tel.: 212 768 3200 Ext 108. Toll Free: 800-622-WAVE(9283) Ext 108 Fax: 212 768 3322 Email: info@gemwave.com / harshil@gemwave.com Celebrating 28 Years In Business 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 Adolescence Revisited: Natural & Lab-Grown “Diamond Days” at JCK Diamond unity is clearly overdue. This statement was at a pinnacle during the kick-off of the world’s largest jewelry trade show - JCK, Las Vegas. 2023’s JCK show ushered in powerful proof that lab-grown diamonds (LGD) have made, and continue to command a massive industry-wide statement. Trying to find a place where dueling diamonds weren’t on the menu wasn’t easy within the halls of JCK, or at the watering holes surrounding the show. Joining an exclusive public industry discussion on natural and/or LG in a non-debate fashion was a tasty appetizer to a multi-course diamond dinner of the divide. And divided they stood (most were actually seated) as JCK’s format of choice unfolded. Natural diamonds discussions lead day one, and only LGD discussions on day two. The choice for segmentation came with solid reasoning… for now. Rob Bates, JCK’s News Director moderated the audience-packed two-day diamond sessions with select speakers representing each respective ‘solo side.’ When promoting JCK’s “diamond days,” Bates humorously noted the need for separating the diamond divisions. He playfully compared the two diamond audiences to elementary school children. Remember when schoolboys and girls were shuffled off to separate large rooms to realize the sex segmentation was a big part of the plan? For decades (and in most of America today) the introduction of sexual education was (and is) delivered male-to-male and female-to-female, exclusively. With today’s gender bending youth and ‘woke’ parenting, we wonder if segmenting adolescent girls and boys will soon be seen as avoiding the inevitable. The same wonderment surrounds solo diamond discussions. Atown hall style session could have quickly turned counter productive, but that day of reckoning is near. Keep an eye out for Dan Scott’s Diamond Dilemma – a free, live LinkedIn stream that will also be offered onYouTube. The details on this online event will be announced within these pages soon, and through our online format - both free and quick to access. If you’re not receiving this publication, and our sister offering, Diamond Pulse by mail, visit https://labgrownmagazine.com/ subscribe/ and opt in. For those that prefer email or paging through our website, those options remain available and complimentary. At times, Bates will offer non-industry quotes to underline his intentions. He did so four years ago when he cited the Harvard Business Review. The quote Bates repurposed is highly appropriate to today’s diamond days, namely: “Pie-splitting strategies often just drive short-term, unsustainable results where companies are merely ‘renting share.’ And in the long run, too much share stealing without category growth destroys long-term industry profitability for everyone involved. Well stated, indeed. To unified success,