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GIA Delays New Report.
National Jeweler reports that after setting off an industry firestorm with its announcement that it would start to grade synthetic diamonds, the Gemological Institute of America (GIA) is pulling back from its initial time frame for the reports.
While announcing what appeared to be the final version of the grading report late last month, it now appears major points of contention, such as the use of the word "synthetic" and the terminology used in grading are back on the table.
"The dialogue is continuing with groups on all sides whether they be public or industry groups in the broadest sense, both the synthetic manufacturers as well as the diamond industry," said Donna Baker, acting president of GIA.
In terms of a time frame for when the debate will end and the reports will be on the market, Baker says it's up in the air.
"We don't have a date set for the launch of the synthetic diamond grading report, but we will do it," she says.
When GIA announced that its lab would begin grading synthetic diamonds, it indicated the reports will provide a clear description of the synthetic, containing color, clarity, carat weight and cut information when applicable. GIA said the design of the report will be markedly different from the current GIA Diamond Grading Reports for natural diamonds, and reports will be printed on yellow paper to immediately signal that it is a synthetic diamond grading report.
But while Baker stresses that the key element—differentiation—will still drive the final report, significant changes may occur.
"There may be [significant changes] but no decisions have been made one way or another," Baker says.
Industry reaction to GIA's decision has been mixed from all sides.
The main issue, says Freddy Hager, president of the London Diamond Bourse, is a concern the reports will blur the distinction between lab-grown and mined diamonds.
Specifically, he worries those lines will be further crossed by using the same terminology in grading the stones.
"We understand that GIA intends to issue reports and don't oppose that," he explains. "But the report inside and out and in every way must show that it's a different animal."
Language is also an issue for Clark McEwen, vice president of the Gemesis Corp., which grows man-made fancy color diamonds.
"Gemesis is extremely happy that the GIA by issuing reports is finally officially recognizing our diamond as being a diamond," he says. "What I'm not overly pleased about is the fact of the terminology that they're using. We still believe that the word 'synthetic' is misunderstood and we believe they should use appropriate and approved terminology such as 'lab grown.'"
He also takes issue with GIA's announcement that it would inscribe the stones with "synthetic," noting that Gemesis already does this by putting 'lab-created' or 'lab-grown' on the girdle.
"Our customers may choose not to use their report, especially if other labs are using more accurate and approved terminology," he says.
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