Who Regulates the Lab Grown Diamond Industry?

{"AutoID":174,"DateCreation":"\/Date(1741696763013)\/","DateModified":"\/Date(1744622391420)\/","CreatedBy":null,"ModifiedBy":"Rahul Bohra ","RecordStatus":"A","Title":"Who Regulates the Lab Grown Diamond Industry?","SubTitle":null,"Description":"\u003cp dir=\"ltr\"\u003eThe lab grown diamond industry has seen exponential growth in recent years. It has challenged the mined diamond industry in many ways. However, just like the mined diamond industry\u0026rsquo;s regulation, there is always an ongoing debate about the regulation of the lab diamond industry.\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eThis blog explores the regulatory structure for lab grown diamonds, the organizations that regulate the industry in different countries, the challenges, and more.\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch2 dir=\"ltr\"\u003e\u003cstrong\u003eInstitutes that Regulate the Manufactured Diamond Industry\u003c/strong\u003e\u003c/h2\u003e\r\n\r\n\u003ch3 dir=\"ltr\"\u003e\u003cstrong\u003eFederal Trade Commission (FTC)\u003c/strong\u003e\u003c/h3\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eFTC is a US-based regulatory institute that oversees the lab grown diamond industry in the USA. In 2018, the FTC made some revisions to guidelines for lab diamonds. These included details on how \u003ca href=\"https://www.growndiamondcorp.com/blog/types-of-lab-grown-diamonds/\"\u003emanufactured diamonds\u003c/a\u003e should be marketed and sold.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eThe FTC removed the word \u0026lsquo;natural\u0026rsquo; from its definition of a diamond. This means lab grown diamonds have the same properties as mined diamonds. It also allowed the use of words such as \u0026lsquo;cultured\u0026rsquo;, laboratory created\u0026rsquo;, synthetic diamonds\u0026rsquo;, and lab grown diamonds.\u003c/p\u003e\r\n\r\n\u003ch3 dir=\"ltr\"\u003e\u003cstrong\u003eSelf-regulation organizations formed by the industry\u003c/strong\u003e\u003c/h3\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eThere are many organizations and institutions formed by the lab grown diamond industry that follow standard practices to regulate the manufactured diamond market.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cul\u003e\r\n\t\u003cli dir=\"ltr\"\u003e\r\n\t\u003cp dir=\"ltr\"\u003e\u003cstrong\u003eThe Jewelers Vigilance Committee (JVC):\u003c/strong\u003e This committee provides legal compliance guidance, including matters on how to properly disclose lab grown diamonds. The committee works closely with the FTC.\u003c/p\u003e\r\n\t\u003c/li\u003e\r\n\t\u003cli dir=\"ltr\"\u003e\r\n\t\u003cp dir=\"ltr\"\u003e\u003cstrong\u003eThe Lab Grown Diamond Council (LGDC):\u003c/strong\u003e This council was formed with a focus on lab grown diamonds, and offers certification programs, standards for sustainability and production practices.\u003c/p\u003e\r\n\t\u003c/li\u003e\r\n\t\u003cli dir=\"ltr\"\u003e\r\n\t\u003cp dir=\"ltr\"\u003e\u003cstrong\u003eInternational Standards Organization (ISO):\u003c/strong\u003e The ISO helps the industry follow established standards for using diamond grading and terminology. These are applied to mined as well as lab grown diamonds.\u003c/p\u003e\r\n\t\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\r\n\u003ch2 dir=\"ltr\"\u003e\u003cstrong\u003eHow are Lab Grown Diamonds Regulated Globally?\u003c/strong\u003e\u003c/h2\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eDifferent countries have different regulatory rules for lab created diamonds. In this section, we look at the regulatory standards of some countries.\u003c/p\u003e\r\n\r\n\u003cul\u003e\r\n\t\u003cli dir=\"ltr\"\u003e\r\n\t\u003cp dir=\"ltr\"\u003e\u003cstrong\u003eIndia\u003c/strong\u003e: One of the biggest manmade diamond producers in the world, India has the Gem \u0026amp; Jewelry Export Promotion Council (GJEPC) that regulates the lab diamond industry.\u0026nbsp;\u003c/p\u003e\r\n\t\u003c/li\u003e\r\n\t\u003cli dir=\"ltr\"\u003e\r\n\t\u003cp dir=\"ltr\"\u003e\u003cstrong\u003eChina\u003c/strong\u003e: China\u0026rsquo;s synthetic diamond industry has grown exponentially in recent years. The country follows regulatory standards through its National Gemstone Testing Center.\u0026nbsp;\u003c/p\u003e\r\n\t\u003c/li\u003e\r\n\t\u003cli dir=\"ltr\"\u003e\r\n\t\u003cp dir=\"ltr\"\u003e\u003cstrong\u003eThe European Union (EU)\u003c/strong\u003e: The EU follows consumer protection regulations and expects clear disclosure of \u003ca href=\"https://www.growndiamondcorp.com/blog/why-real-synthetic-diamonds-are-cost-effective/\"\u003esynthetic diamonds\u003c/a\u003e.\u003c/p\u003e\r\n\t\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\r\n\u003ch2 dir=\"ltr\"\u003e\u003cstrong\u003eLab Made Diamond Grading and Certification\u003c/strong\u003e\u003c/h2\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eWhether diamonds are mined or manmade, they go through a process of grading and certification. Organizations such as the Gemological Institute of America (GIA) and International Gemological Institute (IGI) offer standardized \u003ca href=\"https://www.growndiamondcorp.com/lab-grown-diamonds-education/\"\u003elab grown diamond grading and certification\u003c/a\u003e services and practices. In addition to these institutes, there are independent set-ups that engage in grading and lab diamond certification.\u003cstrong\u003e \u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch2 dir=\"ltr\"\u003e\u003cstrong\u003eChallenges and Future Directions\u003c/strong\u003e\u003c/h2\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eEven though there are many lab grown diamond regulatory organizations, the industry faces regulatory issues. However, with new and advanced technologies and the different stakeholders in the \u003ca href=\"https://www.growndiamondcorp.com/lab-grown-diamonds/\"\u003elab grown diamond\u003c/a\u003e industry ecosystem coming together to tackle regulatory concerns, the lab diamond industry is in a much better position, following regulation regarding grading and certification.\u003cstrong\u003e \u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch2 dir=\"ltr\"\u003e\u003cstrong\u003eSumming up\u003c/strong\u003e\u003c/h2\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eWhether you\u0026rsquo;re an \u003ca href=\"https://www.growndiamondcorp.com/blog/why-are-lab-created-diamonds-called-engineered-diamonds/\"\u003eengineered diamond\u003c/a\u003e wholesaler, retailer, a jewelry designer, or an individual consumer, the information shared in this article will help you get an understanding of how lab diamond regulations work. If you\u0026rsquo;re looking to buy lab grown diamonds, ensure you choose reputed lab grown diamond manufacturing brands, such as \u003ca href=\"https://www.growndiamondcorp.com\"\u003eGrown Diamond Corporation\u003c/a\u003e.\u003cstrong\u003e \u003c/strong\u003e\u003c/p\u003e\r\n","FromDate":null,"ToDate":null,"Image_Url":"who-regulates-the-lab-grown-diamond-industry-ftc.jpg","Image_Alt":null,"KeyWords":null,"MetaDescription":null,"MetaTitle":"Who Regulates the Lab Grown Diamond Industry?","CanonicalLink":null,"MetaContent":null,"SeqNo":null,"Slug":"who-regulates-the-lab-grown-diamond-industry","GetTitle":"who-regulates-the-lab-grown-diamond-industry","GetImageUrl":"https://docs.growndiamondcorp.com/blog/who-regulates-the-lab-grown-diamond-industry-ftc.jpg"}