Recently, the Federal Trade Commission (FTC) amended its Jewelry Guides, which are intended to help marketers understand their responsibilities with respect to avoiding consumer deception, cautioned not to use the terms “real, genuine, natural, or synthetic” to imply that a lab grown diamond "is not, in fact, an actual diamond.”
The FTC also revised its previous definition of a diamond which stated: “A diamond is a natural mineral consisting essentially of pure carbon crystallized in the isometric system” by dropping the word “natural” in its latest revision.
We believe the revised
FTC Jewelry Guides align with 21st century facts and are critical for consumer clarity. They give lab grown and mined diamond fair grounds to promote themselves to customers who not only get a legitimate diamond option but also the right to choose.
Secretary General, IGDA
All reputed gem grading laboratories such as GIA, IGI, HRD Antwerp and GCAL among others acknowledge that lab grown and mined diamonds have identical properties. Both are 100% carbon and thus diamonds.
Once the lab grown diamond has been graded, the diamond’s girdle is laser inscribed with an unique report number and the accompanying lab report bears a statement that the it is a 'laboratory grown diamond.' The grading labs use similar parameters to grade both, lab grown and mined diamonds.