Lab growns and natural diamonds will coexist in the future, says Vipul Shah, chairman of the Gems and Jewellery Export Promotion Council (GJEPC). He was speaking at the IIJS Signature, which opened in Mumbai on Friday (5 January 2024). “With natural diamonds, there is an aspiration, whereas lab-grown diamonds are for affordability, and for fun … Read more
Hong Kong authorities have arrested four people suspected of running a money-laundering syndicate that falsely declared synthetic diamonds as natural.
WD Lab Grown Diamonds, the second largest lab grown producer in the USA, has filed for bankruptcy.
De Beers decided to call time on offering lab-grown diamonds for engagement rings even as the man-made alternatives continue to cannibalize demand in one of the company’s most important markets. After vowing for years that it wouldn’t sell stones created in laboratories, in 2018 De Beers reversed that position and only this year started testing … Read more
Agape Diamonds Receives Warning over Lab-Grown Disclosure
As of 2021 the laboratory-grown diamond trade market was estimated to be worth around $1.9 billion, according to a report by Frost & Sullivan.
Pandora, the world’s biggest jeweller, is launching a collection using exclusively lab-made diamonds in the US and Canada as part of the company’s strategy to eliminate mined gems and create more affordable products with less associated emissions. The Danish company, which plans to make its operations carbon neutral within three years, said the collection is … Read more
