Where Are We?

It's been an interesting year for the jewelry industry since the last JCK Show ~ Las Vegas. Last June the industry expected the biggest news of 2005 to be the long-awaited launch of the GIA diamond cut grade. But the news of the GIA diamond-grading scandal (first reported on JCK's Web site last October) overshadowed the cut grade, which did, in fact, finally launch. Rife with rumors, speculation, accusations, and fears about the impact it might have, the news of the grading scandal rocked the foundation of trust our industry is built on. Not surprisingly, the drama—and ongoing diatribes about it—attracted the attention of the mainstream media. The Wall Street Journal has done multiple stories about the issue, and the scandal also has been addressed by the New York Times and the London Times, among other newspapers. Not the kind of publicity we want, for sure. Speaking of bad pu
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