The World Federation of Diamond Bourses (WFDB) commended the French Ministry of Economy and Finance for its decision to ban the use of all terminology other than “synthetic” for non-natural diamonds. The decision means that the use of the term “lab-grown” or “cultivated diamonds” will not be legal in France.
Yoram Dvash, President of the WFDB, said: “We praise the decision of the French government to insist that all stones other than natural diamonds be called “synthetic”. This is an important step in confirming the inherent value of natural diamonds and in enhancing consumer confidence.”
WFDB lauded De Beers on their marketing campaign for natural diamonds before the 2023 Christmas holiday. WFDB has also partnered with the Natural Diamond Council (NDC) to support the growth of the natural diamond industry.