Top of Mind: October 24, 2013 October 24th, 2013 by Bill Boyajian |
What to Call a Man-made Diamond? A “synthetic” gem material has essentially the same optical, physical, and chemical properties as a natural gem. But most consumers really don’t understand the difference between a synthetic and one that simply imitates the “look” of a natural gem. I have never liked the term synthetic because the public, in general, doesn’t understand it. Even some people in the trade don’t understand it. A synthetic diamond is a diamond. It’s just manufactured by man, as opposed to created by nature. There should be a better way of accurately and clearly describing a synthetic gem material without using terms that are misleading to tradespeople, and especially to consumers. I don’t like the now-approved use of the term “cultured” diamond (even though the terms man-made, lab-grown, or synthetic must precede it or be preceded by it) because it doesn’t clearly describe the essence of the material. I have always liked the term “laboratory-grown” because it clearly discloses that the material is not natural, yet doesn’t identify it in a negative light. I’m less inclined to use the term “lab-created,” but it does seem better than the word synthetic. There is nothing inherently wrong with the sale and promotion of man-made materials. Yet many are afraid of the reality of laboratory-grown diamonds, even though we’ve lived with man-made synthetic colored gemstones for a century or more. The key is to call a gem material what it is, and to refuse to misuse terms or mislead the public. Doing anything less is an embarrassment to our trade. Moreover, it is fraud. Attitude isn’t everything, but it sure means a lot. Over many years in leadership, I have found that most of a person’s success hinges on attitude. I’d rather have a person with a great attitude and lesser aptitude than one with great aptitude and a poor attitude…. [read more]
Here are a few Business & Life Tips to think about….. Business Tips:
Life Tips:
Tags: Advice, Business Development, Business Tips, Character, Ethics, Integrity, Knowledge, Life Tips, Reputation, Responsibility, Sales, Values |
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“I needed help orchestrating a succession plan for our business. I had heard that Bill Boyajian specialized in assisting owners to transition their business to the next generation. He knows how to bridge the generation gap and deliver what each needs to hear. I would recommend Bill to any business owner who needs advice on succession planning from a trusted outside professional.”
–Charles Denaburg,
Managing Partner,
Levy’s Fine Jewelry
Birmingham, AL
"Our family needed some guidance on business transition and succession planning. We asked Bill Boyajian to help us because we knew we could trust him to tell us what we needed to hear. Bill became a valuable resource for our company and our entire family. He has the ability to meet each of us where we’re at and it has served us very well."
–Ceylon Leitzel
Leitzel Fine Jewelry
Hershey & Myerstown, PA
“We needed a plan to transition our business to a non-family member and we asked Bill Boyajian to help us. His experience in the area has really paid off, but we didn’t expect the added value of putting us together with a financial planner who helped organize our retirement needs. We now have the fundamentals to transition our business successfully, and we have Bill to thank for it.”
–Ernie & Debbie Cummings
Kizer-Cummings Jewelers
Lawrence, KS