June 2025 | Lab Grown Magazine

June 2025 | The Lab Grown Diamond Resource Book 14 Mailed to 24,000 Jewelers Monthly - To advertise call (888) 832-1109 | June 2025 15 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 LGD: Regulating the Future Imagine a world of true diamond regulation. Consid- er universal control of every diamond aspect, unlike the limited facets in North America’s FTC Jewelry Guidelines . What if everything diamond was controlled by glob- al governance - just like every other standardized in- dustry on the planet? Here’s two examples… The transportation industry is regulated world- wide. National and international groups set safety, security and environmental control. Pricing is regu- lated through analyzing fuel costs, driver wages and market demand. These laws affect all road, air, rail, and sea commutes and every company touching these platforms. The U.S. Department of Transporta- tion (DOT) sets safety regulations while indirectly affecting market pricing. Changes in transport costs would ripple through the entire economy. And, think about daily transportation wars if taxicabs and Uber or Lyft were not regulated in your city. Compare such to our industry and our lack of legal regulations. Look at the medicine trade; it too is regulated interna- tionally. While prosecution to those that do not abide by the law vary between countries, enforcing bodies like the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA) impose their stake in medication regulation. One-step fur- ther: The U.K.’s Medicines and Healthcare products Regulatory Agency (MHRA) sets and enforces their countrywide medicine law. The FDA conducts three clinical trials per drug to warrant quality and safe- ty. Consider the diamond industry under such strict global quality control jurisdiction. These factors are addressed in LGD: Regulating the Future by Dan Scott, an intriguing three-part series starting with this issue. Dan offers an open-minded approach to the positives and the pitfalls of world- wide diamond regulation. He does so while under- ling large non-profit groups setting LGD and natural diamond guidelines, and reminds us none are backed by Federal or countrywide legal ruling. This has kept all diamond industry regulation loose compared to every other major industry’s strict by-laws. Zev