De Beers joins crowded field of synthetic diamond producers.
In recent years the number of producers of gem quality synthetic diamonds has increased by hundredfold. Although the amount the synthetic diamonds on the market is still small, they do represent a growing part of the market for people looking for value and a beautiful diamond without paying the higher price of a natural diamond.
This creates huge challenges for the consumer who needs to be assured that the diamond jewelry they are buying is indeed natural and not treated or synthetic. Diamond treatments such as fracture filling, which fills holes and cracks with glass, irradiation, and high pressure high temperature processing which changes the color and improves it dramatically, is also on the rise.
The need to have a third-party diamond report has become more important than ever for both the pawnbroker, jeweler and the consumer. Every customer considering buying diamond jewelry should request a certificate from a reputable lab. Ideally the certificate should include an appraisal, which can be used for insurance purposes.
The only certified lab currently focused on the pawnbroker that provides important documents for diamond jewelry using GIA Graduate Gemologists, is the Jewelry Appraisal and Gemological Institute. The institute’s CardCerts includes a diamond grade for the four C’s – color, clarity and carat weight and a replacement value appraisal.