Blood Diamond

National Advertising Division Recommends Natural Diamond Council Discontinue Certain Advertising Claims on Benefits of Mined Versus Man-made Diamonds

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Thursday, April 22, 2021

Minerals, Crystals, Materials, Continents, Diamond, Luxury brands, Synthetic diamond, Blood Diamond

b'NEWYORK, April 22, 2021 /PRNewswire/ -- The National Advertising Division (NAD) of BBB National Programs recommended that the Natural Diamond Council discontinue certain advertising claims comparing mined diamonds with man-made diamonds, including the carbon emissions associated with diamond mining compared with diamond manufacturing, the scarcity of mined diamonds, the resale value of mined diamonds versus man-made diamonds, as well as claims that described mined diamonds as "real", in contrast to man-made diamonds.\nThe claims at issue, which appeared on the Natural Diamond Council\'s website and in marketing assets that the advertiser makes available to retailers, were challenged by Diamond Foundry, Inc., a manufacturer of laboratory-grown diamonds (LGDs).\nThe mined diamonds recovered and sold by Natural Diamond Council members are found in some of the most remote places on the planet and require significant investment and technical expertise to locate and recover.

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b'NEWYORK, April 22, 2021 /PRNewswire/ -- The National Advertising Division (NAD) of BBB National Programs recommended that the Natural Diamond Council discontinue certain advertising claims comparing mined diamonds with man-made diamonds, including the carbon emissions associated with diamond mining compared with diamond manufacturing, the scarcity of mined diamonds, the resale value of mined diamonds versus man-made diamonds, as well as claims that described mined diamonds as "real", in contrast to man-made diamonds.\nThe claims at issue, which appeared on the Natural Diamond Council\'s website and in marketing assets that the advertiser makes available to retailers, were challenged by Diamond Foundry, Inc., a manufacturer of laboratory-grown diamonds (LGDs).\nThe mined diamonds recovered and sold by Natural Diamond Council members are found in some of the most remote places on the planet and require significant investment and technical expertise to locate and recover.
In recent years, man-made diamonds have entered the marketplace to compete with mined diamonds.
"\nFurther, NAD determined that claims in the Natural Diamond Council\'s online advertising which emphasize the increasing scarcity of natural diamonds create a sense of urgency about the supply of natural diamonds that is not supported by the evidence.
"\nIn its advertiser statement, the Natural Diamond Council stated that it "agrees to comply with the NAD\'s recommendations."

Malabar Gold & Diamonds on Expansion, Scheduled to Open 56 Stores

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Thursday, April 1, 2021

Natural Resources, Fashion, Other Retail, Retail, Mining, Minerals, Minerals, Luxury brands, Continents, Articles, Malabar Gold and Diamonds, Malabar, Blood Diamond, Incomparable, Diamond

Malabar Gold & Diamonds, one of the largest gold and diamond retail chains, will open 56 stores in FY 2021-22 - 40 in India and 16 overseas, at an estimated investment of USD 220 Million, generating 1,750 new jobs.

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Malabar Gold & Diamonds, one of the largest gold and diamond retail chains, will open 56 stores in FY 2021-22 - 40 in India and 16 overseas, at an estimated investment of USD 220 Million, generating 1,750 new jobs.
He said the new stores will offer an unparalleled customer experience in line with the Malabar Promise of incomparable quality and service assurance.
"The expansion will strengthen the groups retail footprints in territories where it has strong presence," said Shamlal Ahamed, Managing Director, International Operations of Malabar Gold and Diamonds.
Malabar Gold & Diamonds, with annual turnover of $4.51 billion, is the flagship company of the diversified Indian business conglomerate, Malabar Group.

National Advertising Division Recommends Diamond Foundry More Clearly Disclose Origin of its Laboratory-Grown Diamonds

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Tuesday, March 30, 2021

Minerals, Crystals, Crystallography, Continents, Diamond, Diamond Foundry, Synthetic diamond, Blood Diamond

Manufacturers of man-made diamonds such as Diamond Foundry rely on technological innovations which allow diamonds to be created in a laboratory rather than extracted from the earth.

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Manufacturers of man-made diamonds such as Diamond Foundry rely on technological innovations which allow diamonds to be created in a laboratory rather than extracted from the earth.
NAD noted, for example, that both the Diamond Foundry and VRAI websites and social media accounts prominently use the theme "Just Diamond.
NAD recommended that Diamond Foundry modify its advertising to make these clear and conspicuous disclosures immediately preceding, with equal conspicuousness, the word "diamond."
To avoid conveying the misleading message that the LGDs are mined diamonds, NAD recommended that Diamond Foundry modify its claims on this page to more prominently disclose the man-made origin of its diamonds.

U.S. International Trade Commission Extends Trade Relief on Diamond Sawblades from China, Wiley Reports

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Monday, March 15, 2021

Continents, Africa, Articles, United States International Trade Commission, United States trade policy, ITC, Pickard, Blood Diamond, DSMC

WASHINGTON, March 15, 2021 /PRNewswire/ --Today, U.S. producers of diamond sawblades won an important victory at the U.S. International Trade Commission (ITC), which voted to extend relief from dumped diamond sawblades from China.

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WASHINGTON, March 15, 2021 /PRNewswire/ --Today, U.S. producers of diamond sawblades won an important victory at the U.S. International Trade Commission (ITC), which voted to extend relief from dumped diamond sawblades from China.
"We are extremely pleased with the ITC's decision to continue the order, which holds Chinese producers accountable for their unfair trade practicessaid Daniel B. Pickard , a partner in Wiley's International Trade and National Security practices and counsel to the Diamond Sawblades Manufacturers' Coalition (DSMC).
"The diamond sawblades case may represent one of the most egregious examples of Chinese producers attempting to unlawfully undermine the effectiveness of U.S. trade remedy actions," Mr. Pickard added.
For more information, please contact Daniel B. Pickard at (202) 719-7285 or [email protected] or Stephanie M. Bell at (202) 719-4348 or [email protected] .

Arctic Blue to Launch E-Commerce Platform Offering Rare Fluorescing Diamonds

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Tuesday, February 23, 2021

Natural Resources, Online Retail, Luxury, Retail, Mining, Minerals, Minerals, Materials, Continents, Crystals, Diamond, Blue Diamond, Blood Diamond, Arctic Blue, Fluorescence

Arctic Blue LLC (Arctic Blue) is pleased to announce that preparations are well underway for launch of Arctic Blue Diamonds, an online marketplace for discerning customers to shop ethically-mined diamonds from the Arctic, with a focus on uniquely beautiful, blue-fluorescing stones.

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Arctic Blue LLC (Arctic Blue) is pleased to announce that preparations are well underway for launch of Arctic Blue Diamonds, an online marketplace for discerning customers to shop ethically-mined diamonds from the Arctic, with a focus on uniquely beautiful, blue-fluorescing stones.
Arctic Blue Chairman and veteran mining executive Patrick Evans commented: In more than 20 years of diamond mining, I have never seen anything quite as beautiful as a blue-fluorescing diamond.
Matthew Evans, Arctic Blue CEO, added: Todays customers want to know if the diamonds theyre buying are ethically sourced, but they dont have to compromise with a synthetic stone to feel good about their purchase.
Arctic Blue Diamonds is an online marketplace for natural diamonds and diamond jewelry, with a focus on Arctic diamonds exhibiting natural blue fluorescence (a soft-colored glow when exposed to ultraviolet light).

Mountain Province Diamonds Announces the Inclusion of 157 Carat Exceptional Rough Diamond in its February Sale

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Tuesday, February 16, 2021

Minerals, Mining, Economy, Luxury brands, Mountain Province Diamonds, Diamond, De Beers, Blood Diamond

Named "Polaris" after the North Star, this diamond exhibits a rare natural blue fluorescence that echoes its Canadian Arctic origins.

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Named "Polaris" after the North Star, this diamond exhibits a rare natural blue fluorescence that echoes its Canadian Arctic origins.
Reid Mackie, the Company's Vice President Diamond Marketing said, "We are thrilled to offer Polaris at our upcoming February sale.
Polaris will be offered for sale at Mountain Province's second sale of the year at Bonas Group's offices in Antwerp.
About Mountain Province Diamonds Inc.
Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Ku diamond mine located in Canada's Northwest Territories.

World's Only Regulator-Approved Diamond Commodity Now Available to Investors

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Tuesday, February 16, 2021

Minerals, Articles, Mining, Diamond Standard, Crystals, Diamond, Commodity, Blood Diamond

NEW YORK, Feb. 16, 2021 /PRNewswire/ --Today, Diamond Standard commences sales of the Diamond Standard Coin, the first and only regulator-approved diamond commodity.

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NEW YORK, Feb. 16, 2021 /PRNewswire/ --Today, Diamond Standard commences sales of the Diamond Standard Coin, the first and only regulator-approved diamond commodity.
This offering will establish the permanent diamond content that must be contained in every Diamond Standard Coin.
Each Diamond Standard Coin is designed to have the same daily market value, and the Diamond Standard never changes over time.
A breakthrough deliverable hard asset, the diamond commodity provides diversification and a new store of wealth for institutional and individual investors, while bringing transparency and efficiency to the diamond supply chain.

Mountain Province Diamonds Reports COVID-19 Outbreak at Gahcho Kué Mine

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Monday, February 8, 2021

Minerals, Mining, Africa, Luxury brands, Mountain Province Diamonds, De Beers, Blood Diamond, Diamond

TORONTO and NEW YORK, Feb. 8, 2021 /PRNewswire/ - Mountain Province Diamonds Inc. ("Mountain Province", or the "Company") (TSX and OTCQX: MPVD) reports that there has been an outbreak of COVID-19 at the mine site which has resulted in the temporary suspension of production related activities.

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TORONTO and NEW YORK, Feb. 8, 2021 /PRNewswire/ - Mountain Province Diamonds Inc. ("Mountain Province", or the "Company") (TSX and OTCQX: MPVD) reports that there has been an outbreak of COVID-19 at the mine site which has resulted in the temporary suspension of production related activities.
About Mountain Province Diamonds Inc.
Mountain Province Diamondsis a 49% participant with De Beers Group in the Gahcho Ku diamond mine located in Canada's Northwest Territories.
The principal assets of Mountain Province are administered pursuant to a joint venture under which Mountain Province is not the operator.
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SOURCE Mountain Province Diamonds Inc.

WD Lab Grown Diamonds First to Achieve SCS Sustainable Diamond Certification, Sets New Industry Standard

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Thursday, February 4, 2021

Minerals, Materials, Crystals, WD Lab Grown Diamonds, Diamond, Blood Diamond, Synthetic diamond

WASHINGTON, Feb. 4, 2021 /PRNewswire/ --WD Lab Grown Diamonds ("WD" or the "Company"), a leading laboratory grown diamond producer in the U.S., today announced that it is the first company to be certified under the provisional Certification Standard for Sustainable Diamonds ("SCS 007").

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WASHINGTON, Feb. 4, 2021 /PRNewswire/ --WD Lab Grown Diamonds ("WD" or the "Company"), a leading laboratory grown diamond producer in the U.S., today announced that it is the first company to be certified under the provisional Certification Standard for Sustainable Diamonds ("SCS 007").
This achievement grants WD third-party authorization to use the claims of 'Certified Sustainable' and 'Certified Climate Neutral' on their high-quality, As Grown diamonds.
"Weare tremendously proud and humbled tobe the first company to achieve sustainable diamond certification," said Sue Rechner, CEO of WD.
The Certification Standard for Sustainable Diamonds establishes the world's most stringent benchmark of sustainable accountability, transparency and provenance assurance for the gemstone diamond industry, and is the first unified framework for assessing natural and laboratory grown diamonds.

Natural Diamond Council And Lorraine Schwartz Announce Emerging Designers Diamond Initiative

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Monday, January 25, 2021

Minerals, Mining, Continents, Luxury brands, Lorraine Schwartz, Diamond, Blood Diamond

NEW YORK, Jan. 25, 2021 /PRNewswire/ -- The Natural Diamond Council (NDC) and celebrated jewelry designer, Lorraine Schwartz announce the Emerging Designers Diamond Initiative with $1 million dollars of diamond credit dedicated to supporting emerging Black, Indigenous, and People of Color (BIPOC) jewelry designers.

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NEW YORK, Jan. 25, 2021 /PRNewswire/ -- The Natural Diamond Council (NDC) and celebrated jewelry designer, Lorraine Schwartz announce the Emerging Designers Diamond Initiative with $1 million dollars of diamond credit dedicated to supporting emerging Black, Indigenous, and People of Color (BIPOC) jewelry designers.
Both the NDC and Lorraine Schwartz are committed to a more equitable future for the fine jewelry industry and the Emerging Designers Diamond Initiative will provide opportunities, remove barriers to entry, and offer unparalleled access to industry education and resources.
The Emerging Designers Diamond Initiative aims to help BIPOC designers establish credit in their own names and understand the process of diamond financing along with consignment and memo terms.
The Emerging Designers Diamond Initiative's ultimate goal is to advance inclusivity, expand the number of BIPOC diamond jewelry businesses, and help those already established to expand.