GSI Organizes an Exclusive Seminar on Managing the Challenges of Man Made Diamonds

DUBAI, UAE; MUMBAI, NEW YORK and LONDON, November 20, 2017 /PRNewswire/ --

Gemological Science International (GSI) presented a seminar entitled 'Man Made Diamonds - Myths and the Facts - Realities' to the interested parties at the DMCC Dubai on 20th November, Monday at 9.00 a.m. The seminar was intended to educate the audience as to the growth of man-made diamond manufacturing and discussed ways in which this interacts with the other components of the trade, in particular the natural diamond jewelry industry, and how these interactions can be successfully managed.

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The reality is that synthetic diamonds are rapidly coming of age quality-wise in comparison to even the best natural stones. As a result, increasing numbers of man-made stones are mixing with natural products in the supply chain. Where this is being done in an above-board manner is not a problem, but there is a rising amount of synthetic diamond being surreptitiously introduced into certain product lines such as diamond set jewelry where it is not economical to test every single stone.

"Lab-grown diamonds have been a rising industry concern and its time that industry leaders step up and take a lead by eliminating the middlemen and by bringing in transparency on matter that is subjective at the moment. The need of the hour is to educate the industry that synthetic diamonds is not a problem but mixing the ones with natural might lead to a bigger problem," said, Nicholas Del Re, Chief Information Officer at GSI.

Although not yet of serious proportions, the continued introduction of synthetic diamonds into the retail jewelry trade, if allowed to continue on an undisclosed basis, is likely to lead to one or more severe crises bringing about a potential public collapse in confidence as to the value and ability to resell these mixed sets. While there has always been some small measure of various forms of undisclosed diamonds in the industry, the traditional tracking methods have, thus far, proven sufficient to maintain a general belief in diamonds as both an object of rare beauty and as an investment. It is clear, however, that new-procedures in verification as to the origin and type of diamond are going to be needed.