Gemesis Joins the Cultured Diamond Foundation
January 21, 07
The Gemesis Corporation, a leading producer of gem quality lab made diamonds, has joined the Cultured Diamond Foundation.
The Foundation was established in June 2006 to promote the collective interests of parties engaged in the lab made diamond industry. It aims to ensure that the highest ethical standards are upheld by its members and to promote the gems and jewelry set with them. The Foundation provides an independent certification service for laboratory grown diamonds.
“We have been watching the Foundation since the inception, it has acted in a very transparent and responsible manner and we believe that now is the time for Gemesis to get behind it and support it’s efforts,” Clark McEwen, COO of Gemesis, said in a release.
The Foundation feels that Gemesis’s decision to join them, at time when an ongoing debate surrounding the nomenclature to be used to describe laboratory grown diamonds, will focus the attention of all diamond industry trade associations in the months to come.
As the membership of the Foundation grows, discussions have reached an advanced stage with participants in this segment of the diamond industry for the establishment of the US Chapter of the organization. According to Lappeman, the US Chapter will operate under the auspices of the Foundation at an international level whilst providing support at a national level to its members.
“There are an ever increasing number of participants in the industry that recognize the huge potential this exciting new sector has to offer”, said Lappeman. “The three major international diamond grading laboratories (GIA, EGL, and IGI) have all announced they will be issuing diamond grading reports in respect of laboratory grown diamonds. These important developments are clear indications that gem quality laboratory grown diamonds have progressed from being a scientific wonder to a commercial product.”
The Foundation says the challenge facing it “will be to provide a framework that will see the development of the laboratory grown diamond market to the benefit of its members, the consumer, and the diamond industry in general”.