Lazare Kaplan Subsidiary Announces New Diamond Process

March 4, 1999

Lazare Kaplan Subsidiary Announces New Diamond Process

Pegasus Overseas Ltd., a New York City-based subsidiary of Lazare Kaplan International Inc., announced a new proprietary process that will improve the look of a diamond without traditional enhancements.

"The process is designed to improve the color, brilliance and brightness of qualifying diamonds without reducing their all-natural content," says Gus Weill, a spokesperson for Pegasus Overseas. The irreversible process, invented by General Electric, does not involve treatments such as irradiation, laser drilling, surface coating or fracture filling, he says. Weill declined comment about what the process is, citing proprietary agreements with GE, which developed and owns the process.

A Pegasus Overseas press release says the process is conducted before the final cutting and polishing of the diamond. The process will only be used on select natural diamonds in both round and fancy cuts. Pegasus Overseas plans to only sell diamonds that have undergone this process, accompanied by standard certificates from a leading gemological laboratory.

Distributors of Lazare Kaplan diamonds will have access to the new product beginning in April this year.

- by Robert Weldon, G.G.