January 29, 2021
When Dan Scott, the founder and brand architect of Luxe Licensing, hears natural and lab-grown diamond sellers take shots at each other, it pains him. Because he has seen this movie before.
In a webinar this week for Gemmological Research Indsustries, Scott, the former chief marketing officer for designer Scott Kay, recounted two past intratrade battles he was involved in: platinum vs. palladium, and cobalt vs. tungsten carbide. He tells
JCK that while both sides enjoyed momentary victories, everyone ended up losing.
When Scott worked for Scott Kay, the late designer—whose first love was platinum—began dabbling in its then-cheaper alternative, palladium. But not everyone in the industry considered palladium a precious metal.