Attorney For The Defendant, Diamond Foundry Inc., A Delaware Corporation Marketing Diamonds and Looking for Diamond Marketing Solutions? Last year, WD Lab Grown Diamond received an unspecified investment from Detroit-based private equity firm Huron Capital, which is now the company's majority owner. IBM agreed to pay GlobalFoundries $1.5 billion over three years to invest in 14 nanometer and 10 nanometer processes and took another $3.2 billion in writeoffs. The companys postion was that the current tariffs make doing business for local manufacturers too difficult with little justification. 7), as well as Plaintiff's Motion for Leave to File an Amended Notice of Appearance and an Amended Disclosure of Corporate Affiliations and Financial Interest (ECF No. You can reach him at 665-1179 or irwin@wenatcheeworld.com. We learned the diamond business at the feet of our fathers, and now create sustainable, exceptional diamonds for the next generation, for all humanity. *In Canada, trademark(s) of the International Association of Better Business Bureaus, used under License. Warm Springs, Fremont, CA Diamond Foundry - Engineering - Materials Science and Metrology On-site. Credit: Lightbox Jewelry. The tariffs penalise businesses for using diamond polishing services in China to a degree which Diamond Foundry states exceeds the cost of the manufacturing service itself. <p>BBB National Programs' National Advertising Division (NAD) has recommended that Diamond Foundry modify some of its advertising, to better communicate that its diamonds were grown in a lab. On July 22, 2020 a (36) Unlimited Wrongful Termination case was filed by Panchev, Dimiter, represented by Love, Calvin F, against Calonico, Michael, Diamond Foundry Inc., A Delaware Corporation , Does 1 Through 100, Inclusive , Roscheisen, Martin , represented by Deol, John-Paul S , in the jurisdiction of San Mateo County. [7] The company claimed the tariffs penalize businesses to an excessive degree for using polishing services in China. The San Francisco-based lab-grown diamond company first announced plans for a new "MegaCarat" foundry in Wenatchee, a city in north-central Chelan County in Washington state, on its blog in September 2017. Audiatec was established in 2015 and is based in Germany, creating diamond wafers which are used in jewellery and manufacturing. Golan revealed April 8, 2022 We Are Diamond People Diamonds are in our blood. 46,749, This story has been shared 45,105 times. Diamond Foundry, Inc. v. United States et al, United States of America, Office of the United States Trade Representative, U.S. Trade Representative Katherine Tai, U.S. Customs & Border Protection, Acting Commissioner Chris Magnus, United States, U.S. Trade Rep. Katherine C. Tai, United States Customs and Border Protection and CBP Commissioner Christopher Magnus. US District Court for the District of New Jersey, 28 U.S.C. This story has been shared 54,944 times. On July 22, 2020 a case was filed Your subscription was successfully upgraded. Guaranteed Origin. Building the new foundation for all advanced tech while making jewelry sustainable. One of the most Competitive Prices in the Industry. Leonardo DiCaprio is not only an award-winning actor but also a well-known environmentalist and conservationist. News, Diamonds, Editor's Desk Truth behind lab-created diamonds starts to be exposed . 45,105, 2023 NYP Holdings, Inc. All Rights Reserved 2023, International Association of Better Business Bureaus, Inc., separately incorporated Better Business Bureau organizations in the US, Canada and Mexico and BBB Institute for Marketplace Trust, Inc. All rights reserved. He embedded with First People and Military Veterans at Standing Rock several years ago and recently launched his own multi-platform publishing company, RHELM Studios. Diamonds: the symbol of love, the symbol of wealth; and now, the symbol of what some might call an FTC scandal? If your company is struggling with FTC compliance issues, you are unsure about your green marketing strategies, or you are unsure if you are compliant with all things marketing, get in contact with our advertising law attorneys todayor learn more by visiting our blog regarding all things advertising. According to the three complaints, the patents at issue are "well-known in the lab-grown diamond industry and in particular are well-known by lab-grown diamond manufacturers, importers, and sellers." . Diamond Foundry has until April 8 to advise the FTC of the steps it plans to take to revise its marketing to comply with Section 5 of the FTC Act. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. The case status is Not Classified By Court. / 8:38 AM PST November 11, 2015. represented by More readingDiamond Foundry announces lawsuit against US GovernmentNew CEO takes reins at Lightbox JewelryLab-created diamond sales reaching new heights in US, We had a good feeling about a possible cooperation with Diamond Foundry right from the first talks., Diamond Foundry purchases Germany's Audiatec. We run our Business on Trust and Transparency. On March 17th, lab-grown producer Diamond Foundry filed a lawsuit against the United States government over President Donald Trump's tariffs on Chinese goods. A more recent docket listing The Leonardo DiCaprio-backed Diamond Foundry filed the lawsuit at the U.S. Court of International Trade. Does 1 Through 100, Inclusive, and Diamond Foundry is a producer of lab grown diamonds in San Francisco, California, USA. Your alert tracking was successfully added. ENGAGEMENT RINGS . California-based lab-grown brand Diamond Foundry has acquired Augsburg Diamond Technology (Audiatec), a German producer of single-crystal synthetic diamonds. Image: Diamond Foundry, Diamond Foundry announces lawsuit against US Government. This organization is not BBB accredited. With 100 employees split between its diamond lab in Silicon . GENEVA The civil lawsuit Todd and Lindsay Powers filed against the city over Geneva Foundry contamination may go to trial May 10. Raees believes the push for the advancement of innovation and a culture of entrepreneurship should come from academic institutions. No diamond producer in India or Russia is exposed to these Trump/Biden tariffs. Diamond Foundry says it can grow hundreds of diamonds up to nine carats in just two weeks in the lab, and at a cost that is around 30 percent less than the standard. The International Gem Society (IGS) is the world's top resource for gem professionals, enthusiasts, and industry content. Wholesale Pricing. I think the marketing of lab-grown diamonds has been intentionally confusing for consumers, NYC-based jeweler Stephanie Gottlieb explained to Page Six Style. When he isnt busy, he enjoys exercising and playing video games. Finance, This warning is an important step toward transparency and consumer protection.. On 05/22/2020 DIMITER PANCHEV filed a Labor - Wrongful Termination lawsuit against DIAMOND FOUNDRY INC , A DELAWARE CORPORATION. Founded in 2015 by scientists at the University of Augsburg, the company can . 35,688, This story has been shared 52,130 times. Attorney For The Plaintiff. We are about 1% of the [diamond] industry, but we are about 90% of their focus. Weindling said. BBB is here to help. Love, Calvin F, Defendant, Love, Calvin F Comment. After thorough review, we have therefore taken legal action. Diamond mining has been known to have a negative impact on the environment as it causes issues like earth displacement, deforestation, and energy as well as water usage. 10 billionaires and Leonardo DiCaprio just invested in a startup that claims it can grow hundreds of real diamonds in 2 weeks. Audiatec uses CVD (chemical vapor deposition) to create diamonds in monocrystalline form on disks. BBB Business Profiles generally cover a three-year reporting period. 45,404, This story has been shared 40,661 times. The Executive Memorandum,signedon March 22, 2018 by President Trump, ordered the Office of the United States Trade Representative (USTR) to provide a proposed list of products and any intended tariff increases. Diamond Foundry is America's Leading Diamond Producer. In 2013, Microelectronics had $1.4 billion in sales, but had a pre-tax loss of $700 million, so you can understand why Big Blue wanted out. A San Francisco company announced Friday it will transform a former fruit-packing warehouse into a diamond-making foundry, hire up . Most of the companies in question responded positively to the letters from the FTC, which is good PR on their parts. Set up in Silicon Valley in 2012, Diamond Foundry already has a manufacturing plant in Wenatchee in the US state of Washington, which is powered by . This docket was last retrieved on March 17, 2022. Cushion. Learn the facts Also known as heliotrope, bloodstone is the traditional March birthstone. This case was filed in San Francisco County Superior Courts, Civic Center Courthouse located in San Francisco, California. Send us a message and we'll get back to you, asap. The post ended with a mention of the new sanctions imposed on Russia, though it remains to be seen what happens with diamonds mined in Russia and then polished in India. Round. Equipment Ops Technician. 1:19-CV-06468 | 2019-11-15, San Diego County Superior Courts | Contract | Leonardo DiCaprio is not only an award-winning actor but also a well-known environmentalist and . Diamond Foundry's argument states the tariffs on diamonds cut and polished in China are too high. In the lead up to the lawsuit announcement, Diamond Foundry had been publicly critical of the US approach to sanctioning Russia on both a corporate and . For those of you that dont know, the Federal Trade Commission, aka the FTC, is is a bipartisan federal agency with a unique dual mission to protect consumers and promote competition. In other words, these are the people who come after companies when they are using unfair business practices in their advertising, including straight up lying. Filing 1 COMPLAINT against DIAMOND FOUNDRY, INC. ( Filing and Admin fee $ 402 receipt number ANJDC-13514280) with JURY DEMAND, filed by JORGE LOPEZ-HENRIQUEZ. Engineering - Product Technology & Equipment. Diamond Foundry, the Silicon Valley startup that produces lab-made gems, has got a $1.8bn valuation after a $200m investment by Fidelity. GIA Gemologist Certified. Alyson Shontell. In both instances, the Court does so once again with recourse to USCIT Rule . Wenatchee, Washington Diamond Foundry - Engineering - Materials Science and Metrology On-site. . Panchev, Dimiter, Need to find a different location? In order to create these lab-grown diamonds, the company uses the energy of a plasma akin to the sun. Selling lab-created cut gems can be quite difficult. Compare pay for popular roles and read about the team's work-life balance. Cases involving wrongful termination of employees, DIMITER PANCHEV VS. DIAMOND FOUNDRY INC., A DELAWARE CORPORATION ET AL, Matter(s): CASE MANAGEMENT CONFERENCE; Location: CIVIC CENTER COURTHOUSE ROOM 610; Judge Name: GARRETT L. WONG, Payment : CIVIL COMPLAINT/PETITION/OTHER FIRST PAPER; Amount : $450; Payment Type : CHECK ; Receipt Number : S0220528F006, WRONGFUL DISCHARGE, COMPLAINT FILED BY PLAINTIFF PANCHEV, DIMITER AS TO DEFENDANT DIAMOND FOUNDRY INC., A DELAWARE CORPORATION CALONICO, MICHAEL , AN INDIVIDUAL DOES 1 TO 100 SUMMONS ISSUED, JUDICIAL COUNCIL CIVIL CASE COVER SHEET FILED CASE MANAGEMENT CONFERENCE SCHEDULED FOR OCT-21-2020 PROOF OF SERVICE DUE ON JUL-21-2020 CASE MANAGEMENT STATEMENT DUE ON SEP-28-2020 (Fee:$450.00). Diamond Foundry was founded in 2012 by Martin Roscheisen and Jeremy Scholz. We are currently collect data for this state. Roscheisen, Martin, Pear. Lab mined diamond companies are intend to be the more eco-friendly option, which makes DiCaprio the perfect investor and consequential face of such a brand. We do not believe that doubling the cost of a product or service of a peaceful country is appropriate for the United States government to effect overnight, or any good trade policy. Alex Weindling, the founder of Clean Origin, which has not yet received a warning letter, said in a statement published by Yahoo! UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. This weekly column is compiled from reporter Mike Irwin's "Everyday Business" postings on the Wenatchee World website. In March 2022, Diamond Foundry announced a lawsuit against the United States Trade Office in response to trade tariffs put in place against China. We do not believe that doubling the cost of a product or service of a peaceful country is appropriate for the United States government to effect overnight, or any good trade policy. Your content views addon has successfully been added. It may require cleanup to comply with Wikipedia's content policies, particularly, Learn how and when to remove this template message, "10 billionaires and Leonardo DiCaprio invested in a startup that claims it can grow hundreds of real diamonds in two weeks", "Diamond Foundry makes high-end diamonds in a lab", "Diamond Foundry-Owned Brand to Open First Retail Location", "Vrai Goes High Art and High Touch for New Los Angeles Showroom", "Diamond Foundry announces lawsuit against US Government", "Borrowing From Solar and Chip Tech to Make Diamonds", "Company claims it can 'grow' diamonds in a lab", "The Environmental Impact of Lab-Grown Diamonds", "The 25 hottest startups that launched in 2015", "Meet the 2016 CNBC Disruptor 50 companies", "The 25 Most Disruptive Companies of the Year", "The World's Most Innovative Companies 2018: Honorees by Sector: Style", "The World's Most Innovative Companies 2018", https://en.wikipedia.org/w/index.php?title=Diamond_Foundry&oldid=1131953721, "25 hottest startups that launched in 2015", by, One of the "Disruptor 50 Companies" in 2016, by, One of "The World's 50 Most Innovative Companies" in 2018 by, This page was last edited on 6 January 2023, at 15:34. Confusing, right? Can I Sue Someone For Leaking My OnlyFans Content? Since then, technological advances have made it possible to create diamonds in a laboratory. The Santa Clara, Calif.-based company manufactures</p> Ada Diamonds specifically was flagged by the FTC because of its advertising campaign that featured a lab diamond hashtag, which is not enough of a disclosure that is compliant with FTC standards. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on . We note that marketers must have a reasonable basis for any environmental benefit claims they make for their products, and qualify any such claims adequately to avoid deception something the company has not done, according to FTC claims. According to Yahoo! San Francisco County Civic Center Courthouse, DIAMOND FOUNDRY INC., A DELAWARE CORPORATION, WRONGFUL DISCHARGE, COMPLAINT FILED BY PLAINTIFF PANCHEV, DIMITER AS TO DEFENDANT DIAMOND FOUNDRY INC., A DELAWARE CORPORATION CALONICO, MICHAEL , AN INDIVIDUAL DOES 1 TO 100 SUMMONS ISSUED, JUDICIAL COUNCIL CIVIL CASE COVER SHEET FILED CASE MANAGEMENT CONFERENCE SCHEDULED FOR OCT-21-2020 PROOF OF SERVICE DUE ON JUL-21-2020 CASE MANAGEMENT STATEMENT DUE ON SEP-28-2020, HearingMatter(s): CASE MANAGEMENT CONFERENCE; Location: CIVIC CENTER COURTHOUSE ROOM 610; Judge Name: GARRETT L. WONG, FinancialPayment : CIVIL COMPLAINT/PETITION/OTHER FIRST PAPER; Amount : $450; Payment Type : CHECK ; Receipt Number : S0220528F006, DocketWRONGFUL DISCHARGE, COMPLAINT FILED BY PLAINTIFF PANCHEV, DIMITER AS TO DEFENDANT DIAMOND FOUNDRY INC., A DELAWARE CORPORATION CALONICO, MICHAEL , AN INDIVIDUAL DOES 1 TO 100 SUMMONS ISSUED, JUDICIAL COUNCIL CIVIL CASE COVER SHEET FILED CASE MANAGEMENT CONFERENCE SCHEDULED FOR OCT-21-2020 PROOF OF SERVICE DUE ON JUL-21-2020 CASE MANAGEMENT STATEMENT DUE ON SEP-28-2020 (Fee:$450.00), San Mateo County Superior Courts | Labor | Dark green tourmaline and red rubellite gems can look very black in an emerald cut. If you do not agree with these terms, then do not use our website and/or services. According to a gemologist who briefly worked as a marketing freelancer for Diamond Foundry and requested anonymity due to concerns about retaliation from the company, "Scientific, gemological . In Diamond Foundry, Inc., consistent with the FTC Jewelry Guides' prohibition on using "real" to describe "any industry product that is manufactured or produced artificially," the NAD found that, without more context that the diamond was created in a lab, the word "real" conveys that the product is a mined, natural diamond. Diamond Foundry Inc., the Greenhouse Gas Crystallizer, is a leader in manufacturing innovation and a MegaCarat scale producer of single-crystal diamond chips for the jewelry and semiconductor . He subsequently studied computer science and electrical engineering at Technical . but without the resource intensiveness, hazards, and environmental concerns that occur with diamond mining.[10]. The Executive Memorandum, signed on March 22, 2018 by President Trump, ordered the Office of the United States Trade Representative (USTR) to provide a proposed list of . 1,271 likes. . Disclaimer: Justia Dockets & Filings provides public litigation records from the federal appellate and district courts. Calonico, Michael, After three years of technological development, Diamond Foundry Inc. is coming out of stealth mode with funding from the creator of the first network computer, the creator of the first iPhone, and others. Facilities. These filings and docket sheets should not be considered findings of fact or liability, nor do they necessarily reflect the view of Justia. News. Guaranteed Origin. Terms of Use Uncover why Diamond Foundry is the best company for you. News, Feature Stories, Diamonds, The Great Diamond Debate, Diamond Foundry announces lawsuit against US Government, Lab-created diamond sales reaching new heights in US. 2020-07-22, U.S. District Courts | Contract | Nov 11, 2015, 7:04 AM. Diamond Foundry's latest post-money valuation is from March 2021. If your company is struggling with FTC compliance issues, you are unsure about your green marketing strategies, or you are unsure if you are compliant with all things marketing, Amazon Search Ranking Scams: The Black [Hat] Market, Fake Reviews and Fraudulent Accounts on Airbnb: Next Steps for Airbnb and Tips for Customers Booking their Next Trip, How To Identify Fake Reviews Online Fake Reviews on Amazon and Yelp Are On The Rise, Copyright, Trademark, Patent, or License? . We are about 1% of the [diamond] industry, but we are about 90% of their focus.. A year ago, the Natural Diamond Council (NDC), which carries out category marketing for the industry, traded NAD challenges with Diamond Foundry. Do Not Sell My Personal Information, Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to email a link to a friend (Opens in new window), concerns that some of [Diamond Foundrys] advertising of jewelry made with laboratory-created diamonds likely falsely implies that the jewelry has mined diamonds, violating Section 5 of the FTC Act, which prohibits unfair or deceptive acts or practices in or affecting commerce., Kellyanne Conway and George Conway to divorce after 22 years of marriage, Hated Tom Sandoval addresses Ariana Madix split amid cheating claims, Tom Sandoval drops out of interview amid backlash from Raquel Leviss scandal, Rebel Wilson on meeting Meghan Markle: Shes not 'naturally warm', Heather Dubrow's youngest child, 12, comes out as transgender, Royal flush: Harry and Meghan 'hold the upper hand' on King Charles' coronation: Source, Celeb-loved jewelry brand Dorsey drops dazzling new styles, Designer Dennis Basso has $200K fur fitting at midnight in Gstaad, Isabella Rossellini, 70, on aging with beauty and saying no to Botox, Re-create Daisy Jones & The Six outfits with these Amazon fashion finds, Chris Pine reveals hilarious reason he cut off his long hair, Tom Sandoval, Raquel Leviss planned to confess affair to Ariana before getting caught, Prince Harry says hes not a victim: I never looked for sympathy, Allison Holker pens touching note to kids after Stephen tWitch Boss death, Heather Dubrows youngest child, 12, comes out as transgender, You aren't too cool to shop Merrell's Semi Annual Sale, up to 50% off, Target's new Fine'ry perfumes have designer dupes you need to know about, The 50 best Nordstrom gifts for men, women and kids in 2023, Boz Scaggs just announced a 2023 tour: Get tickets today, Save over $1,100 on this 65'' LG Smart TV today on Amazon, Tom Sizemore And The Dangerous Burden of Desperation, 2023 NYP Holdings, Inc. All Rights Reserved, Kim Kardashian was given $250K in trash bag after Vegas run-in with Jho Low, Leonardo DiCaprio, Gigi Hadid attend pals birthday dinner amid split rumors, Leonardo DiCaprio and Gigi Hadid narrowly miss run-in during NYFW, Leonardo DiCaprio hits the town during New York Fashion Week, All the celebs at Paris Fashion Week February-March 2023: Halsey and more, Billboard Women in Music Awards 2023 red carpet: Lana Del Rey, more, Costume Designers Guild Awards 2023 red carpet: Cate Blanchett, more, All the celebrities at Milan Fashion Week February 2023: Dua Lipa, more. Anglo American Plc said three months ago that it plans to sell lab-grown diamonds at a fraction of the going rate, undercutting rivals like Chatham Created Gems Inc. and Diamond Foundry Inc. That . Customer Reviews are not used in the calculation of BBB Rating. Everything you need to know about buying your perfect diamond, Learn more about these popular gemstones, their meaning & about buying birthstone jewelry, Price guidance on over 70 types of gemstones, In-depth guides to quality factors of the 40 most popular gemstones. [1] Attending Feodor Lynen high school near Munich, he graduated valedictorian in 1987. What the FTC wants is for these companies to prove that their diamond sourcing is more eco-friendly than that of mined diamonds. The FTC directed these green marketing companies to their Green Guides that advises brands on how to market and quantify their claims to avoid deceiving customers, according to Forbes (for more information on green marketing, click here). See BBB rating, reviews, complaints, & more. No sanctions and no U.S. gov Treasury restrictions apply for Americans sending funds to Putin this way. According to the FTCs updated Jewelry Guides, it is unfair or deceptive to use the name of any other precious or semi-precious stone to describe a laboratory-grown, laboratory-created, [manufacturer name]-created, synthetic, imitation or simulated stone, unless such word or name is immediately preceded with equal conspicuousness by the word laboratory-grown, laboratory-created, [manufacturer name]-created or some other word or phrase of like meaning, or by the word imitation or simulated, so as to disclose clearly the nature of the product and the fact it is not a mined gemstone.. Due to technological limitations, I actually don't see the prices of manmade diamonds coming down in near future. This egregious amount stems from the fact that the tariff is applied as a percentage of the market value of the polished diamond re-imported -- rather than the value of the polishing contract service (which itself turns out less than the tariff for diamonds).". Privacy Notice "When Trump introduced trade tariffs against China in four, ever more aggressive tranches, the polishing of diamonds in China was included with a penalty that exceeds the cost of the contract manufacturing service added in China. Some of them use deceptive phrases like cultured diamonds, and label them as authentic, and precious leading some to believe that they are buying a natural diamond., DiCaprio, 44, announced his involvement with the lab-grown diamond business via tweet in November 2015, writing, Proud to invest in Diamond Foundrya co reducing human & environmental toll by sustainably culturing diamonds.. Diamond Foundry: For creating a new source of diamonds that doesn't involve environmentally destructive mining and exploitative labor practices. Access this case on the New Jersey District Court's Electronic Court Filings (ECF) System. We noticed that you're using an AdBlocker, Notice of Motion and Motion to Compel DEFENDANTS DIAMOND FOUNDRY INC., MICHAEL CALONICO, AND MARTIN - Notice of Motion and Motion to Compel. We've received your submission. Disclaimer: Justia Dockets & Filings provides public litigation records from the federal appellate and district courts. Other companies found issue with the FTCs letters. Due to the amount of time the lawsuit will take to move through the courts, it is unlikely that Diamond Foundry's lawsuit will affect tariffs on Chinese diamonds in the short term. The National Diamond Council (NDC), a trade association representing 75 percent of the world's rough (or mined) diamond production, challenged claims made by the Diamond Foundry, a purveyor of lab-made diamonds, which are indistinguishable to the naked eye from the "real" thing. The FTC goes on to note that several Instagram and Twitter advertisements depict or reference diamond jewelry without clearly and conspicuously disclosing that the diamonds are laboratory-created. The website also repeatedly refers to Diamond Foundrys stones as aboveground forged and real diamonds created in America, further obfuscating their true origins. Russian diamonds have been okay to import tariff free whereas polishing in China was massively penalised. Diamond Foundry challenged before NAD several claims made by the NDC regarding synthetic gemsclaims that have obvious marketing utility for the Council but elicited a mixed critique from NAD. Diamond Foundrywhich just disclosed it has raised $200 million in funding in an SEC filingsaid it will comply with the recommendations. represented by It points toward a similar lawsuit filed by Tesla in 2020. There, he teaches law students how to counsel local entrepreneurs as Rule 39 certified student-practitioners. The Court further GRANTS Diamond Foundry's Motion for Leave to File an Amended Complaint (ECF No. The company plans to use the fresh . may be available from PACER. [2] Diamond Foundry claims that its lab-grown diamonds are of similar quality to natural diamonds and are more environmentally sustainable, as they do not require the extraction and processing of diamonds from the earth. Silicon Valley start-up Diamond Foundry is suing the US government over the "egregious" tariffs it has to pay to have its lab-grown polished diamonds in China, claiming that the tariffs are higher than the actual cost of the polishing, IDEX Online reports. The issue is, however, that Diamond Foundry and the seven other lab mined companies have advertised their diamonds in ways that might lead consumers to believe that the diamonds are mined instead of lab-made and are more environmentally friendly than those that are actually mined. VRAI created diamonds are unmatched in the industry as a result. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Leonardo DiCaprio-backed company Diamond Foundry is in hot water for being less than crystal clear in its marketing. Apply. International Association of Better Business Bureaus. As a teenager, he spent a year at Xerox's Palo Alto Research Center ( PARC) in Silicon Valley. BBB reports on known marketplace practices. by I know the founder and trust him completely. GIA Gemologist Certified. The lawsuit action we are taking is largely based on a technicality of how Trump got specific timelines wrong but so be it. pic.twitter.com/rqHieE6KRt, More readingSustainably created: that is the future of diamondsThe lab-grown diamond report: All that glitters, "When Trump introduced trade tariffs against China in four, ever more aggressive tranches, the polishing of diamonds in China was included with a penalty that exceeds the cost of the contract manufacturing service added in China.