Merrick, NY—As the industry heads into the Las Vegas jewelry shows, lab-grown diamonds again make headlines. Although perhaps nothing will ever be as big of a bombshell as last year’s announcement that De Beers was launching its own lab-grown brand, an independent study cast some big doubts on the sector’s energy claims. Terry Burman (left), former CEO of the Sterling chain, joins other heavy-hitters getting into the lab-grown market, and the sector is getting itself organized with the launch of the LGDC, headed up by two longtime industry execs. Its first mission is to create sustainability standards, possibly in response to the DPA-commissioned study.
In case you missed those and other stories, here was the top news of May: