Browsing: CZ & Lab Grown Diamonds

India’s Gem & Jewellery trade adopts terminologies under FTC Guidelines USA for Diamonds and Laboratory-Grown Diamonds

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The Gem & Jewellery Export Promotion Council (GJEPC), apex body for the gem & jewellery trade in India, has adopted the new mandated definition, nomenclature and guidelines for diamonds specified by the Federal Trade Commission (FTC) of the United States (U.S.). The FTC’s updated guidelines provide a clear, standardised definition of ‘diamond’ and distinct terminology for laboratory-grown diamonds, ensuring clarity and transparency for both industry stakeholders and consumers.

Fenix and Dholakia Lab Grown Diamond Jointly Acquire Lusix in Strategic $4 Million Deal to Drive Innovation and Expand Production Capacity.

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This acquisition marks an important milestone in the lab-grown diamond industry and Dholakia Lab-Grown Diamond, both based in New York, have jointly acquired Israeli grower Lusix for $4 million. Founded in 2016 by Benny Landa, Lusix has been at the forefront of innovation in the lab-grown diamond sector, with over $152 million invested since its inception