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Grown Diamond Trade Organization (GDTO) to unify lab-grown diamond industry 

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Grown Diamond Trade Organization (GDTO) to unify lab-grown diamond industry
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GDTO’s primary strategy involves the provision of exclusive jewellery reports, which will furnish reliable and cost-effective certifications on manufacturing procedures, quality assurance protocols, and jewellery specifications 

Mumbai: The newly established Grown Diamond Trade Organization (GDTO) has set out to reshape the landscape of the lab-grown diamond sector. With a mission to consolidate growers, manufacturers, and retailers, GDTO aims to forge a cohesive front for the burgeoning lab-grown diamond segment within the jewellery market. 

“Lab-grown diamonds deserve a distinct ecosystem,” emphasized Marty Hurwitz, the executive director of GDTO. “Consumers have voiced their preferences loud and clear; it’s imperative that we band together to meet the escalating demand and distinguish ourselves from traditional mined diamond entities.” 

An integral facet of GDTO’s strategy involves the provision of exclusive Jewellery reports, accessible solely to its members. These reports will furnish reliable and cost-effective certifications on manufacturing procedures, quality assurance protocols, and jewellery specifications. 

Lab-grown diamonds adhere to rigorous standards and merit commensurate grading,” Hurwitz continued. “The production process involves adherence to specifications and rigorous quality checks.” 

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Going beyond the conventional 4Cs (carat weight, cut, clarity, and color), GDTO’s jewellery reports will encompass the entire jewellery piece, not merely the central stone. Additionally, GDTO is set to introduce the industry’s inaugural sustainability rating, ensuring transparency regarding the jewellery’s origins, manufacturing conditions, and ecological impact. 

Backing GDTO’s vision is an advisory board, comprising prominent senior executives from across the lab-grown diamond supply chain. Among them are Mehul Vaghani, CEO of Kira Jewels; Lani Nguyen, President of Valentina Designs; Suhel Kothari, President of Renaissance Global; David Sherwood, CEO of Daniel’s Jewelers; Dan Schneider, President of Pure Grown Diamonds; Irene Hsieh, CEO of Joy Colori; Bob Golden, President of Allure Gems; and Roger Kylberg, Co-CEO of 2DOT4. 

Retailer members of GDTO stand to gain access to an array of benefits, including a cooperative advertising fund, sales associate training materials, PR support for consumers and the trade, vendor matching services, government lobbying assistance, and aid in raising capital. Furthermore, GDTO is gearing up to host the industry’s inaugural trade show dedicated exclusively to lab-grown diamonds. 

Courtesy: Retail Jeweller India News 

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