The European Gemological Laboratory (EGL) Asia has introduced grading reports and certificates for gem-quality lab grown diamonds. EGL explained the move came in response to rising consumer demand for lab grown diamonds, which are now regularly sold in Asia’s jewelry and consumer markets.
Joseph Kuzi, the CEO of the Hong Kong based diamond and gemstone laboratory reported that EGL Asia already issues certificates for an unnamed supplier of lab grown diamonds.
Additionally, jewelry retailer Chow Tai Fook has been using EGL Asia’s services to ensure that all the small diamonds it uses are natural diamonds, according to the lab.
EGL Asia will issue two types of reports for lab grown diamonds namely a Lab Grown Diamond Certificate and a Lab Grown Diamond Mini Certificate. The new identification reports record a diamond’s 4C’s, measurements and proportions, finish, symmetry, cut grade and fluorescence. The report looks distinctively different from EGL’s report for natural diamonds and has a yellow banner at the top.
EGL said that the addition of lab grown reports to its services will provide jewelry retailers and consumers with unambiguous information about the diamonds they are selling and buying.
“Lab grown diamonds are fully legitimate gemstones that are slowly but surely conquering space in retailers’ showcases. With these certs, we are not only responding to market demand, but also helping to assure that consumer confidence in jewelry, especially in the Asian luxury product market, which, while already huge, is still young and needs all the help it can get in consumer confidence building in the diamond, gem and jewelry market segment,” Kuzi said.