The natural diamond trade should welcome the establishment of the International Grown Diamond Association (IGDA) announced last week even though it may actually serve as a wake-up call for the industry, writes Rapaport's Avi Krawitz. The new body could provide a formal channel of communication in the synthetic – or lab-grown – industry, particularly over the threat of undisclosed synthetics being mixed into parcels of natural diamonds.
Richard S. Garard, the secretary general of the International Grown Diamond Association, an umbrella organization for the lab-grown diamond industry launched earlier this month, answers questions from JCK's Rob Bates on the goals of the group. Among the issues are "properly representing the grown diamond industry, being clear about the properties, the material itself, and to help grow the industry". He said lab-grown diamonds are an "add-on market for the industry. For the foreseeable future, we are a small portion of diamond output.