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Because the GEM Society is a business that wants to 1) continue grading diamonds and 2) begin cataloging lab diamonds. Both of which are revenue sources.
by conductr 3y ago
Because the GEM Society is a business that wants to 1) continue grading diamonds and 2) begin cataloging lab diamonds. Both of which are revenue sources.
- Someone 3y agoThe claim I replied to was (emphasis added) > I think it's mandatory that every lab-grown diamond above a certain carat are laser-engraved That’s not “diamonds that are lab-grown by GEM Society members”. Why would it be reasonable to require anybody who’s not the GEM Society to engrave their products, so that the GEM Society can protect its source of revenues?
- conductr 3y agoI think you also mentioned “reasonable” and I’m pointing to the reason. You have to remember who makes the rules and also that this is an old business that’s rich with protected interests. But there’s also a lot of concern about stolen jewelry and even diamond swapping for seemingly legitimate businesses. So, not too hard to make it also sound like it’s for the consumers best interest.