His other recognitions include the International Spectrum Design awards, bestowed by the American Gem Trade Association
(AGTA), are considered the “Oscars” of the jewelry-design industry—and Loren and his design team have won several over the years for “outstanding jewelry design incorporated colored gemstones.” They've earned two AGTA Manufacturing Honors, awarded for combining elegant use of natural colored gemstones with techniques that can be used by mainstream manufacturers.
He declined, according to Tanna Wyatt, so the American dealers split off to form the American Gem Trade Association
(AGTA), which held its first show in 1982 at the Doubletree Hotel.
The satellite show scene underwent a change in 1981 when the American dealers from Warren Matthews' Gem and Lapidary Dealers Association Show split off to form their own new organization, the American Gem Trade Association
. According to Roland Naftule, he and a small group of gem dealers including Leon Ritzler and Ray Zajicek brainstormed the idea while sitting around the hotel pool in a drizzling rain.