In a significant move that could have ramifications across the gemstone industry, the American Gem Trade Association (AGTA) has announced a policy to exclude lab-grown gemstones from its trade shows starting from the AGTA GemFair Tucson in 2025. This decision marks a notable change for exhibitors and attendees of these events.
AGTA, headquartered in Dallas, Texas, is recognized for its expertise on natural colored gemstones. This policy reflects its dedication to promoting natural gemstones within the industry.
“Considering how disruptive lab-grown diamonds have been in the market, the AGTA [board of directors] decided to take a stance on man-made gemstones at its fairs to thwart potential confusion,” the statement continued. “It’s perfectly acceptable for AGTA dealers to sell synthetic gems if they choose and so long as they are disclosed, but for the sake of clarity and peace of mind, buyers attending AGTA GemFairs can shop knowing that only natural gems will be available for purchase.”
Policy Details and Industry Impact
Under the new policy, AGTA will not allow the exhibition of loose lab-grown stones or jewelry containing such gemstones at its trade shows. This move is intended to prevent market confusion and uphold the distinction of natural gemstones, known for their value and color diversity. AGTA’s trade shows, including the significant Tucson fair and the Las Vegas event, serve as key platforms for the colored-gemstone sector, drawing over 8,000 buyers and 300 exhibitors annually.
“AGTA felt that it needed to be crystal clear to buyers that when they attend an AGTA show, they know that they are only shopping mined natural gems from the earth,” stated Kimberly Collins, president of the AGTA board of directors and owner of Kimberly Collins Colored Gems. “AGTA dealers pride themselves in sourcing superior gems that are rare, beautiful, and natural.”
Transparency and Consumer Confidence
“AGTA was founded in 1981 to represent the interests of wholesale dealers of natural gemstones, cultured and natural pearls,” remarked AGTA CEO John Ford. “The board’s decision is consistent with the core purpose upon which AGTA was founded.”
Implications for the Industry
AGTA’s exclusion of lab-grown gemstones from its trade shows signals a significant stance within the gemstone dialogue, possibly affecting the market’s view on natural versus synthetic stones. This policy may influence other industry events and decisions regarding lab-grown materials.
Jewellers and industry professionals will need to adapt to this change, possibly affecting how gemstones are marketed and sold. This focus on natural gemstones might increase demand and value for these items, highlighting the need for ethical sourcing and transparency in maintaining consumer trust.
