diamond foundry lawsuit

The International Gem Society (IGS) is the world's top resource for gem professionals, enthusiasts, and industry content. Facilities Engineer, Electrical. Most of the companies in question responded positively to the letters from the FTC, which is good PR on their parts. Requests for comment from Diamond Foundrys press team were not immediately returned. The companys postion was that the current tariffs make doing business for local manufacturers too difficult with little justification. 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? Leonardo DiCaprio is not only an award-winning actor but also a well-known environmentalist and . Diamond Foundry Inc., A Delaware Corporation, These filings and docket sheets should not be considered findings of fact or liability, nor do they necessarily reflect the view of Justia. 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. Diamond Foundry is America's Leading Diamond Producer. when new changes related to " are available. And the best part of all, documents in their CrowdSourced Library are FREE! 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. 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. Russian diamonds sold by Brilliant Earth and other American retailers support Putin. Explore diamonds lab grown in our zero-emission foundry in America's beautiful Pacific Northwest. 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. Raees is a Founding Partner at RM Warner PLC, a corporate and Internet Law firm that caters to startups and entrepreneurs. Since Russias invasion of Ukraine on February 24, 2022, international pressure to stop doing business in Russia March 17, 2022 ENGAGEMENT RINGS . Due to technological limitations, I actually don't see the prices of manmade diamonds coming down in near future. 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. Weiner, Marie S. These filings and docket sheets should not be considered findings of fact or liability, nor do they necessarily reflect the view of Justia. Princess. By continuing to use this website, you agree to UniCourts General Disclaimer, Terms of Service, One-Stop Shop for all your Jewelry and Loose Diamond needs . 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. Diamond Foundry was founded in 2012 and valued at $1.8 billion. Diamond Foundry was founded in 2012 by Martin Roscheisen and Jeremy Scholz. The Biden administration adopted these Trump tariffs without revisiting them. 1332 Diversity-Breach of Contract. No sanctions and no U.S. gov Treasury restrictions apply for Americans sending funds to Putin this way. Access this case on the New Jersey District Court's Electronic Court Filings (ECF) System. Finance, the FTC issued warning letters for misleading advertising practices to eight lab-grown diamond companies, one of which is Diamond Foundry- a diamond company backed by Leonardo DiCaprio. 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. Subscribe to Justia's Free Newsletters featuring summaries of federal and state court opinions. / 8:38 AM PST November 11, 2015. Diamond Foundrywhich just disclosed it has raised $200 million in funding in an SEC filingsaid it will comply with the recommendations. Apply. Regarding the mining issue, the FTC noted that these brands needed to clearly disclose in their advertising that these diamonds are in fact made in a lab, not mined. VRAI created diamonds are unmatched in the industry as a result. It claims that "the Biden administration adopted these Trump tariffs without revisiting them. in the jurisdiction of San Mateo County. I wore this ring three times before one of my friends said the center stone looked fake. Named one of Business Insider's. 21 Most Innovative Tech Startups. International Association of Better Business Bureaus. Raees believes the push for the advancement of innovation and a culture of entrepreneurship should come from academic institutions. 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. This weekly column is compiled from reporter Mike Irwin's "Everyday Business" postings on the Wenatchee World website. 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 . Selling lab-created cut gems can be quite difficult. Audiatec was established in 2015 and is based in Germany, creating diamond wafers which are used in jewellery and manufacturing. 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. What the FTC wants is for these companies to prove that their diamond sourcing is more eco-friendly than that of mined diamonds. Diamonds Born In Santa Clara. Your recipients will receive an email with this envelope shortly and Image: Diamond Foundry, Diamond Foundry announces lawsuit against US Government. 35,688, This story has been shared 52,130 times. Love, Calvin F, What do you think? Wholesale Pricing. against See BBB rating, reviews, complaints, & more. 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). UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. Guaranteed Origin. Web: diamondfoundry.com. Equipment Ops Technician. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. 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. What Is a Motion to Compel Arbitration and Stay. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. I know the founder and trust him completely. After that company folded in 2013 . He has bylines at Huffington Post and even Elite Daily. GIA Gemologist Certified. Apply. ENGAGEMENT. Wholesale Pricing. 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).". Thousands of gem photos searchable by various properties. Russian diamonds have been okay to import tariff free whereas polishing in China was massively penalised. Diamond Foundry Inc., headquartered in San Francisco, California, is a leader in manufacturing innovation and America's #1 producer of diamonds for jewelry and semiconductor applications. Understanding the Differences, The Importance of Bylaws When Incorporating Your Tech Startup, 5 Essential Agreements Every E-Commerce Site Should Have, How to Copyright Your Software Idea: 4 Main Steps, 10 Reasons Why You Need a Start-Up Lawyer for Your Online Business, Cyberbullying Lawyer: How to Sue for Cyberbullying with Defamation Laws. In order to create these lab-grown diamonds, the company uses the energy of a plasma akin to the sun. Fake reviews have been[], In the age of the Internet, online reviews are one[]. Your subscription has successfully been upgraded. BBB Business Profiles are provided solely to assist you in exercising your own best judgment. 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 | "In the past, with our revolutionary process, we laid the foundation for synthesising diamond reliably and over a large area. 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. The Leonardo DiCaprio-backed Diamond Foundry filed the lawsuit at the U.S. Court of International Trade. 2022 International Gem Society LLC. Details: Diamond Foundry, 1610 N. Miller St., Wenatchee. A visual of toxic emissions (Credit: Adobe Stock) East Oakland is 66% Latino and 21% African American, with 85% of households there living below the poverty line, according to the lawsuit. Compare pay for popular roles and read about the team's work-life balance. Privacy Notice As a matter of policy, BBB does not endorse any product, service or business. 1:19-CV-06468 | 2019-11-15, San Diego County Superior Courts | Contract | As a teenager, he spent a year at Xerox's Palo Alto Research Center ( PARC) in Silicon Valley. Finance, I happen to believe that when you dig a crater that is visible from space that it is less environmentally thoughtful than growing a diamond just my opinion, adding that the publicity from these letters will further mining companies interests in eliminating lab-grown diamonds. UPDATE, April 19 Three more defendants in the case against contractor Sonag have agreed to plead guilty to charges, according to federal court documents filed Wednesday, the Milwaukee Journal . 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. Alex Weindling, the founder of Clean Origin, which has not yet received a warning letter, said in a statement published by Yahoo! 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. Vrai & Oro, which launched in 2014 as a direct-to-consumer fine jewelry line with simple, everyday pieces, has been in expansion mode ever since Diamond Foundry (the Silicon Valley-based leader . Well guide you through the process. Leonardo DiCaprio is not only an award-winning actor but also a well-known environmentalist and conservationist. With 100 employees split between its diamond lab in Silicon . The company released a statement criticising the US government for trade tariffs put in place against China during the Trump administration. Recently, CNN spoke to independent diamond industry analyst Edahn Golan regarding the recent surge of lab grown diamonds. if a natural diamond costs $20,000, a synthetic diamond with similar specifications will cost around $16,000. We are about 1% of the [diamond] industry, but we are about 90% of their focus. Weindling said. Its no secret that the Amazon marketplace isnt as easy[], Can You Get Scammed on Airbnb? 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.. This organization is not BBB accredited. Alyson Shontell. Diamond Foundry is America's Leading Diamond Producer. And of course now with the sanctions in effect, it still remains to be seen what happens to all these diamonds mined in Russia that are then polished in India - where they thus become India-origin diamonds according to the US Trade Office., Russian diamonds sold by Brilliant Earth and other American retailers support Putin. We will email you Pear. Use the links below to access additional information about this case on the US Court's PACER system. Save my name, email, and website in this browser for the next time I comment. Leonardo DiCaprio in "Blood . The Court further GRANTS Diamond Foundry's Motion for Leave to File an Amended Complaint (ECF No. 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. Among lab grown, Diamond Foundry is at least carbon neutral. Industrial Diamond in South San Francisco, CA. 40% of all diamonds sold in America are from Alrosa, the Kremlins miner. [6], In March 2022, Diamond Foundry announced a lawsuit against the United States Trade Office in response to trade tariffs put in place against China. They pioneered fair trade gemstones. Apply. According to Yahoo! [1] The company raised approximately $315 million in funding from various investors, including $200 million from Fidelity, Sun Microsystems and Google founding investor Andy Bechtolsheim, iPod co-creator Tony Fadell, eBay founding president Jeff Skoll, Twitter founder Evan Williams, Facebook co-founder Andrew McCollum, actor Leonardo DiCaprio, and businessman Jean Pigozzi. 46,963, This story has been shared 46,749 times. represented by Our vision, to bring technology and old world diamond cutting craftsmanship together to make the world's most sustainable created diamond. 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). 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. BBB is here to help. The lawsuit action we are taking is largely based on a technicality of how Trump got specific timelines wrong but so be it. Diamond Foundry offers direct insight on its website blog as to the reasoning behind the recent lawsuit: 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. Photographed by Irving . Audiatec, based in the Bavarian city of Augsburg, creates diamonds through chemical vapor deposition (CVD). Diamond Foundry Semiconductor Manufacturing San Francisco, CA 6,119 followers Just Diamond. When you join the IGS community, you get trusted diamond & gemstone information when you need it. The case status is Not Classified By Court. 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 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. 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. Requests for comment from Diamond Foundry's . The companies that have received these warning letters have 10 days to address how they will make changes with the issues mentioned within their advertising, according to Yahoo! Engineering - Product Technology & Equipment. A subscription to PACER is required. We've received your submission. Diamond Foundry is America's Leading Diamond Producer. Learn the facts Also known as heliotrope, bloodstone is the traditional March birthstone. Send us a message and we'll get back to you, asap. BBB Business Profiles generally cover a three-year reporting period. In a letter issued to the diamond company, the government agency expressed 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.. Finally, one place to get all the court documents we need. 40,661, This story has been shared 35,688 times. News, Diamonds, Editor's Desk Truth behind lab-created diamonds starts to be exposed . "[C]utting and polishing diamonds requires a degree of craftsmanship, quality commitment, and human organization that we were not able to staff for in the United States, regardless of cost," said Roscheisen. 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. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles. Diamond Foundry, a San Francisco-based company with $100 million in venture capital, has taken aim at the $13 billion diamond industry. Baltic Jewellery News. Disclaimer: Justia Dockets & Filings provides public litigation records from the federal appellate and district courts. Defendant, Love, Calvin F Hope this helps. When outside it doesn't have a good sparkle to it at all. Included on the list are diamonds cut and polished in China. The Santa Clara, Calif.-based company manufactures</p> If you wish to keep the information in your envelope between pages, Its been a week since the Met Gala red carpet, but people just cant seem to stop Aquamarine is the blue to blue-green variety of beryl. Judge Weiner, Marie S. presiding. On April 3, 2018, USTR announced a proposed list of 1,333 products that could be subject to an additional duty of 25 percent. On 05/22/2020 DIMITER PANCHEV filed a Labor - Wrongful Termination lawsuit against DIAMOND FOUNDRY INC , A DELAWARE CORPORATION. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on . 8). A more recent docket listing BBB Business Profiles are subject to change at any time. Dr. Dres Divorce Battle Is Nothing But a G Thang: Soon-To-Be Ex-Wife Fights For the Intellectual Property Rights to His Name. 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.. Other companies found issue with the FTCs letters. Attorney For The Plaintiff. Your subscription was successfully upgraded. Diamond Foundry Inc. - sustainably growing diamonds in America without the human and environmental toll of mining." . Golan revealed April 8, 2022 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. I think the marketing of lab-grown diamonds has been intentionally confusing for consumers, NYC-based jeweler Stephanie Gottlieb explained to Page Six Style. Diamond Foundry, the Silicon Valley startup that produces lab-made gems, has got a $1.8bn valuation after a $200m investment by Fidelity. WD is using the funds to increase its production and pursue possible patent cases. Diamonds: the symbol of love, the symbol of wealth; and now, the symbol of what some might call an FTC scandal? According to the Federal Trade Commission, the brand is using intentionally misleading language to advertise its products online, leading customers to believe that the diamonds theyre buying are real rather than lab-grown. We Are Diamond People Diamonds are in our blood. Diamond Foundry premiered in 2015 with $100 million in funding, from sources ranging from . try clicking the minimize button instead. WashingtonDiamond Foundry is one step closer to the grand opening of its second facility after inking a power supply contract last week. Unlike . Guaranteed Origin. [7] The company claimed the tariffs penalize businesses to an excessive degree for using polishing services in China. US based lab-created diamond manufacturer Diamond Foundry has purchased Augsburg Diamond Technology, also known as Audiatec. . "We had a good feeling about a possible cooperation with Diamond Foundry right from the first talks," said Audiatec CEO Stefan Gsell. News. On the face of it . Diamond Foundry was established in 2012 by Martin Roscheisen and Jeremy Scholz and is a producer of lab-created diamonds which are grown using plasma physics in a San Francisco laboratory. We have notified your account executive who will contact you shortly. BBB Business Profiles may not be reproduced for sales or promotional purposes. Innovate. 54,944, This story has been shared 51,703 times. Be the first to review! Roscheisen was born and raised in Munich, Germany, as an Austrian citizen. Founded in 2015 by scientists at the University of Augsburg, the company can . DIMITER PANCHEV vs. MICHAEL CALONICO, et al, California Business Bureau Inc vs Neilsen, California Business Bureau Inc vs Estrada. News Natural diamond organisation warned over advertising 29/04/2021 By Arabella Roden Former editor. NEW YORK, March 30, 2021 /PRNewswire/ -- The National Advertising Division (NAD) of BBB National Programs recommended that Diamond Foundry, Inc. m. It alleged the government failed to issue a list of affected products within 12 months of . Diamond Foundry is the fastest scaling laboratory diamond grower in the world; Reflects DMCC's success in attracting natural and laboratory-grown diamond companies to its world-leading Free Zone ; DMCC - the world's flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise - has welcomed Silicon Valley's . No diamond producer in India or Russia is exposed to these Trump/Biden tariffs. We are currently collect data for this state. Sign up for a free trial to see Diamond Foundry's valuations in March 2021 and more. Other gemstones: Columbia Gem House. "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. (Attachments: #1 Civil Cover Sheet civil cover sheet)(OLSEN, JOHN) June 24, 2022: Judge William J. Martini and Magistrate Judge Jessica S. Allen added. Track Judges New Case, Deol, John-Paul S 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. March 30, 2022. Diamond Foundry's latest post-money valuation is from March 2021. 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. No sanctions and no U.S. gov Treasury restrictions apply for Americans sending funds to Putin this way. 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. A San Francisco company announced Friday it will transform a former fruit-packing warehouse into a diamond-making foundry, hire up . Attorney For The Defendant, Diamond Foundry Inc., A Delaware Corporation "The Diamond Foundry was created by Martin Roscheisen, founder of solar power company Nanosolar. We run our Business on Trust and Transparency. No changes have been made to the tariff since the transfer between the Trump administration and the Biden administration in the US and a statement by Diamond Foundry said that legal action was now required. 1,271 likes. The NDC filed a complaint claiming the US-based lab-grown producer was not sufficiently disclosing the origin of its stones, resulting in the company receiving a rebuke from the watchdog. Uncover why Diamond Foundry is the best company for you. i.e. [8], The company grows diamonds using the chemical vapor deposition (CVD) method, a vacuum deposition process in which a small piece of natural diamond is placed in a plasma reactor for a period of about two weeks. One of the most Competitive Prices in the Industry. Round. News, Feature Stories, Diamonds, The Great Diamond Debate, Diamond Foundry announces lawsuit against US Government, Lab-created diamond sales reaching new heights in US. Wholesale Pricing. Loose Diamonds. This docket was last retrieved on November 1, 2022. WENATCHEE The city's industrial sector is set to sparkle. How could these companies claim to have more environmental benefits than those diamonds that are mined but also claim to be mined diamonds? Credit: Lightbox Jewelry. You can help Wikipedia by expanding it. 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. Guaranteed Origin. Finance. Lab-grown producer Diamond Foundry has sued the US government over President Donald Trump's tariffs on Chinese goods.

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diamond foundry lawsuit