The International Gemological Institute (IGI) and the Virtual Diamond Boutique (VDB) have partnered for what they have called the first ever international lab-grown diamond auction for charity.
The very appropriate chosen charity is Jewelers for Children (JFC), with $75,000 (£54,000) worth of lab-grown diamonds and lab-grown diamond jewellery set to go under the hammer for the cause.
The digital auction will take place during Las Vegas Jewelry Market Week with bidding opening in advance of the shows on Monday, 16 August and closing at 8:30pm during the JFC Facets of Hope dinner on Sunday night, 29 August.
All bids can be submitted through the digital auction app created and powered by VDB for JFC.
Proceeds generated from auction sales will benefit the JFC charity partners, including Elizabeth Glaser Pediatric AIDS Foundation, St. Jude Children’s Research Hospital, National CASA Association, Make-A-Wish America, Make-A-Wish International, Santa-America Fund and Organization for Autism Research.
“As a leader in the lab-grown and mined diamond industry, IGI is committed to bringing the industry together in support of meaningful causes, like the charities benefitted by Jewelers for Children,” said IGI North America President Avi Levy.
“When IGI pioneered lab-grown diamond certification over 15 years ago, the goal was to provide accurate and reliable reporting, which is still true today, but the opportunity to contribute our knowledge and resources to this all-important fundraising initiative is truly priceless.
“We are honoured to use our trusted services as the vehicle for the international lab-grown diamond community to offer compassionate, tangible support to children with catastrophic illness or life-threatening abuse.”
Meanwhile, VDB president and CEO, Tanya Nisguretsky, commented: “We believe in the power of collaboration to achieve great things.
“IGI and VDB are the perfect partners for this project, because we both have meaningful relationships with the lab-grown diamond community, and we both offer specific services that will enhance the efficiency and security of this first ever lab-grown diamond charity auction.
“Together, VDB, IGI and the lab-growers can do far more for Jewelers for Children than any of us could do individually. It’s a win-win-win.”