IN THE NEWS
WD Lab Grown Diamonds Names First Authorized Distributor
WD Lab Grown Diamonds has named Chicago-based diamond wholesaler M. Geller Ltd. as its first authorized distribution partner, the company announced Tuesday. WD is based in the United States and grows its diamonds using the chemical vapor deposition (CVD) process at its factory in the Washington, D.C. area. Per the agreement, WD will provide M. Geller’s customers with a “consistent, unmatched” supply of loose WD-branded and generic diamonds.
Ban On Russian Diamonds Has Major Loophole. Congress Is Moving To Close It.
“There is a difference in traceability versus provenance. Traceable means you can track it from point A to B to C. But consumers want provenance assurance on top of that, knowing all the details about how it moves through the supply chain and the values added at each step,” [WD Lab Grown Diamonds CMO] Lewis says...."The consumer is looking for visibility, transparency and assurances about the diamond’s inception – from whence it came. That is going to be difficult to accomplish but absolutely needed. The consumer is in the driver’s seat."
Investor Group Revives Historic French Brand Using Lab-Grown Diamonds
In a sign that lab-grown diamonds are ready for their moment in the luxury spotlight, a group of Paris-based investors led by former Cartier executives Frédéric de Narp and Coralie de Fontenay have revived a historic but long-forgotten French jewelry name and are positioning the brand for the 21st century with a big focus on man-made diamonds...Now, Paris-based Luximpact, a company that revives historic French jewelry labels using a sustainable and progressive business model, is resurrecting his legacy with a new collection of jewels featuring climate-neutral, lab-grown Latitude Diamonds produced by WD Lab Grown Diamonds in Maryland.
Jewelers Resource Center to Launch
A virtual world of knowledge and discovery open to the entire industry. The Jewelers Resource Center, a legacy gift to the industry from The Plumb Club will launch in March...The inaugural event, on March 2 at 2pm eastern time, will treat visitors to a tour of the Jewelers Resource Center followed by an educational presentation entitled, “Is a Tsunami Coming: The Diamond Dilemma” providing experienced insight into one of the most important categories at retail – diamonds and diamond jewelry. The renowned panelists will include Elliot Tannenbaum of Leo Schachter, Dave Meleski of The Richline Group (a Berkshire Hathaway Company) and Sue Rechner of WD Lab Grown Diamonds.
Positive Luxury Awards 2022 Shortlist Announced
Luxury's Leading Awards Celebrating Innovation in Sustainability — The Positive Luxury Awards honour innovation in every aspect of ESG, celebrating leading organisations and driving a global conversation about the future of luxury. We are delighted to announce the shortlist for 2022... Material & Manufacturing Innovation of the Year, Shortlist Includes: WD Lab Grown Diamonds
The Lab-Grown Diamond Report: All That Glitters
Three years on from the ‘watershed’ year of 2018, when natural diamond juggernaut De Beers introduced Lightbox Jewelry, the lab-created diamond category has gone from strength to strength... US-based producer, WD Lab Grown Diamonds, was the first manufacturer to be certified by SCS Global Services – an international standards development business specialising in sustainability and quality performance – under its Certification Standard for Sustainable Diamonds. This grants WD Lab Grown Diamonds third-party authorisation to use the claim of 'Certified Sustainable'and 'Certified Climate Neutral' for their products.
WD Lab Grown Diamonds Announces New CVD Patent Sublicensing Partner
This sublicensing agreement incorporates WD’s full patent portfolio, and importantly those developed through the Carnegie Institution of Washington.
WD Lab Grown Diamonds Adds Two New Executives
WD Lab Grown Diamonds has added two new executives to its leadership team. Elda Fistani, former chief revenue officer of Brooks Brothers' jewelry division Deconic, has been named chief revenue officer of the lab-grown diamond company. Fistani will be tasked with leading the global wholesale sales function, omni-channel sales, and international growth. Watch industry veteran Herb Doscher will take on the vice president of operational planning role. Doscher will be responsible for management of demand and supply.
WD Launches Traceable Lab-Grown Brand
WD Lab Grown Diamonds has introduced a new brand it said offered fully traceable, US-grown and guaranteed conflict-free synthetic stones. The company, which has achieved a sustainability rating through SCS Global Services, noted Tuesday individual third-party certifications would accompany each Latitude stone.
The Ongoing Quest for a Sustainable Diamond
SCS Standards, a division of SCS Global Services—has developed a sustainability certification for the diamond industry... The first gem company—of any type—to achieve sustainability certification (the highest level) is WD Lab Grown Diamonds, which has been working on meeting the standards for a year.
WD Lab Grown Diamonds First to Achieve SCS Sustainable Diamond Certification, Sets New Industry Standard
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").
Lab-Grown Diamonds Need To Be On Every Jewelry Store’s Shopping List
In just ten short years, lab-grown diamonds have come from nowhere to being the fastest-growing category in the jewelry market today....Complicating things is a limited supply of the larger stones in greatest demand. Maryland-based WD Lab Grown Diamonds is the supplier of choice for bigger, high-quality stones.
WD Lab Grown Diamonds Announces CVD Patent Sublicensing Agreements with Select Industry Partners
[Business Insider] WD Lab Grown Diamonds, the pioneering producer of chemical vapor deposition (CVD) laboratory grown diamonds, today announced that it has entered into patent sublicensing agreements with ALTR (India) Private Limited and ALTR, Inc. and Evolution Diamond.
WD Lab Grown Diamonds Expands Executive Team
WD Lab Grown Diamonds announces two key additions to its executive leadership team as the company prepares for growth and reinforces its commitment to innovation, sustainability and corporate responsibility.
WD Lab Grown Diamonds Names M. Geller An Authorized Distribution Partner
This partnership brings together the highest quality and traceable diamonds, with unmatched support and service...“In response to unprecedented and increasing consumer demand, WD is excited to enact this important step in the scaling of our global footprint,” said Sue Rechner, CEO of WD Lab Grown Diamonds. “As origin traceability and provenance assurance become the increasing focus of the consumer, expanding access to our third-party sustainability certified, ‘As Grown’ in the U.S.A. diamonds through M. Geller’s expansive customer network is critical.”
Diamour and WD Lab Grown Diamonds Newest Companies to Join The Plumb Club
The renown of The Plumb Club and its esteemed roster continue to expand with two more distinguished companies being added to the membership. The Club represents well over 100 jewelry, watch and service brands...WD Lab Grown Diamonds is a pioneering technology company and leader in high-quality Chemical Vapor Deposition (CVD) diamonds, with global distribution through a select network of designer, retailer, and distributor partners under the brands WD Lab Grown Diamonds and Latitude...All Plumb Club Members must meet stringent requirements of business ethics, practices and conduct, as well as human rights, social and environmental responsibility, and be in compliance with local, federal and international laws.
The Plumb Club to Introduce Jewelers Resource Center
The Plumb Club has announced the impending debut of its Jewelers Resource Center, an immersive, virtual 3D environment part of its TPC-365 platform...The kickoff event will be held on March 2 at 2 p.m. ET, to give visitors a virtual tour of the Jewelers Resource Center, followed by a presentation of “Is a Tsunami Coming: The Diamond Dilemma,” an educational session featuring a penal of Elliot Tannenbaum of Leo Schachter, Dave Meleski of The Richline Group, and Sue Rechner of WD Lab Grown Diamonds.
A Former Cartier Exec Is Reviving One of France’s Most Historic Jewelers
Paris-based Luximpact, a company that revives historic French jewelry labels using a sustainable and progressive business model, is recasting Oscar Massin’s legacy for 21st century buyers with a new collection of elaborate jewels featuring climate-neutral, lab-grown Latitude Diamonds produced by WD Diamonds, based in the Washington, D.C. area.
Luximpact To Revive Heritage French Jeweler Oscar Massin, Using Lab-grown Rocks
Luximpact has pocketed another piece of history, buying the 19th century French jewelry house Oscar Massin, and plans to recast the designs using lab-grown diamonds.... The diamonds are produced by WD Diamonds, which meets high standards of environmental and ethical responsibility as measured by SCS Global Services. SCS specializes in third-party certification, validation and verification of companies’ environmental and sustainability claims. According to WD, the Latitude branded rocks are fully traceable, grown in the U.S. and guaranteed conflict-free.
FTJCo Fine Jewellery Is First Retailer In Canada Accredited To Carry SCS-007 Sustainability Rated Diamonds
FTJCo Fine Jewellery is the first retailer in Canada to become accredited under the SCS 007 Sustainability Rated Diamond Standard... "We thank each one of our past and future clients for making a purchase that reflects their social and environmental values. Through our long-time partner, WD Diamonds, we have a stock of lab grown diamonds that are sustainability rated and certified as climate neutral under this standard," said Robin Gambhir, CEO of FTJCo.
WD Lab Grown Diamonds Expands with Senior Leadership Team Appointments
WD Lab Grown Diamonds is looking to strengthen its hold on the market with the addition of two new members to its senior leadership team. The US-based lab-grown diamond producer, founded in 2008, has added Elda Fistani as chief revenue officer and Herb Doscher as vice president of operational planning. The company revealed that these appointments are part of its extensive expansion plans.
WD Lab Grown Appoints Brooks Brothers, Timex Veterans
WD Lab Grown Diamonds has appointed Elda Fistani, formerly the chief revenue officer of Brooks Brothers’ jewelry division, as the company’s new chief revenue officer, and Herb Doscher as its vice president of operational planning. The appointments come as “WD solidifies its global market leadership position in the category,” read a statement.
The First Certified Climate Neutral and Sustainability Rated Diamond Arrives with Latitude, a Revolutionary New Brand
This revolutionary new brand offers fully traceable, U.S.A. grown, guaranteed conflict-free diamonds for the modern, discerning consumer.
Lab Grown or Natural Diamonds? The Choice Is Getting Clearer for Customers and Retailers
The only thing holding lab-growns back is that demand exceeds supply. “Every prime lab-grown diamond grower is sold out for 2021 already,” relates Marty Hurwitz of MVI Marketing and publisher of the MVEye. “Some of them are already taking advanced orders for 2022 and they’re getting cash up front for those orders.”
Synthetics Producer Rebrands in Sustainability Push
WD Lab Grown Diamonds is overhauling its brand and expanding its production capabilities, aiming to meet rising demand for synthetics and respond to a sharpened focus on social purpose. The company will change its name to Latitude, and will work toward sustainability certification through SCS Global Services, a third-party certifier and standards developer, WD said Tuesday.
WD Opens Up Lab-Grown Patents to Distributors
WD Lab Grown Diamonds has entered into patent sublicensing agreements with two synthetics companies, enabling them to distribute chemical vapor deposition (CVD) stones in North America and beyond.
WD Lab Grown Beefs Up Its Exec Team
M7D Corp., the created diamond producer that does business as WD Lab Grown Diamonds, has beefed up its executive team... Both [Lewis and Wood were] appointed by Sue Rechner, the former footwear and watch executive who joined the company last year.
The Women of Lab Grown and the Next Gen Consumers
For most of the modern history of the jewelry business, the vast majority of end users (consumers of the product) have been women. Simultaneously, the people controlling the fine jewelry supply pipeline have been men. With the recent explosion of the lab-grown diamond business, this paradigm has shifted. By my count (and it's likely an undercount), there are at least 34 women actively involved in shaping the global lab-grown diamond business and these leaders are driving a new connection with a modern jewelry consumer that is likely to change the jewelry industry for the better.
From Gems for Royalty to Recycled Gold
In the 1800s, Oscar Massin made jewelry for queens. Now the brand will focus on lab-grown diamonds and sustainable practices... In an interview at the company’s headquarters on the Rue de la Paix, Mr. de Narp said that the trio decided to introduce a “luxury jewelry start-up studio” focused solely on recycled gold and eco-certified, traceable lab-grown diamonds because “it’s time to change the codes of an industry that’s not reinventing itself, or at least not fast enough for us.”...Oscar Massin jewelry is made with Latitude Diamonds [a brand from WD Lab Grown Diamonds], which presents itself as the world’s first producer of sustainability-rated, completely carbon-neutral diamonds.
French Heritage Jewelry Brand Oscar Massin Has Been Revived
“Oscar caught our attention because his work focused on diamonds, different treatments, shapes, sizes, and settings. Above all, he was interested in reinventing the setting; he was a true diamond innovator,” de Narp says to TZR...The diamonds, which are transparently sourced from WD Lab Grown Diamonds, a leading U.S. supplier of high-quality laboratory grown diamonds (under its offspring brand Latitude) reach the highest-level grading E and F of natural diamonds.
Webinar Gives Behind-the-Scenes Tour Of Lab Diamond Growth and Certification Process
As consumer demand for lab grown diamonds grows, it is more important than ever for retailers, designers, and distributors to accurately understand and be able to discuss the process behind this emerging new jewelry category.
More Lab-Grown Diamond Jewelry In Stores And A 2022 Wedding Boom Is Formula For Explosive Growth
2022 will be the year of the wedding. According to The Wedding Report, some 2.5 million couples will tie the knot next year, following a two-year lull when only 1.3 married in 2020 and 1.9 million in 2021... WD Lab Grown Diamonds, one of the nation’s leading diamond growers, believes adoption of lab-grown diamonds by brick-and-mortar retailers will unlock even faster growth for the category going forward.
New Sustainable Diamond Certification Standard Provides Scientific Proof Of Origin And Builds Consumer Trust
Wouldn’t it be great if the process of buying conflict-free, environmentally sustainable and ethically produced diamonds, or diamond jewelry, was as clear as an internally flawless diamond?
That clarity is here and now, in the transparent form of a new, scientifically rigorous, multi-layered certified sustainability-rated diamond standard, called SCS-007.
New Third-Party Diamond Standard Certifies World’s First Climate Neutral Lab-Grown Diamonds With Verified Origin
In late June 2021, Latitude a lab-grown diamond company that’s a division of the Washington D.C.-based WD Lab Grown Diamonds opened a new chapter in jewelry history by announcing that it is the world’s first and only diamond company to produce lab-grown diamonds that are carbon neutral, and what’s more, climate neutral. While diamonds have long been evaluated based on their cut, color, clarity and carat weight (collectively known as the 4 Cs), Latitude embodies the 5th C, or climate neutrality.
Lab-grown diamonds: The planet conscious millennial's best friend?
Brands and consumers take a shine to the greener, pocket-friendly option to naturally-mined diamonds...In February 2021, WD Lab Grown Diamonds, a leading laboratory-grown diamond producer in the US, announced that it was the first company to be certified under the provisional Certification Standard for Sustainable Diamonds (‘SCS 007’).
Some Created Diamond Sellers Want to Make “As-Grown” A Thing
The companies that offer untreated stones are generally considered more technologically advanced than others. “Our process—both our patents and the proprietary process we put on top of that—put us in a very unique position of not having to treat larger goods to enhance the color,” said WD CEO Sue Rechner.
Interview With WD Lab Grown CEO Sue Rechner
Sue Rechner, who became CEO of WD Lab Grown Diamonds last year, spoke with JCK about the pair of announcements made this week: It's hired new executives and entered into patent sublicenses with two lab-grown diamond companies, including one it had previously sued for patent infringement.