Swarovski Returns to Profit, Doubles Lab Grown Sales
Swarovski returned to profit after five years, saw its 2024 revenue grow by 6 per cent and doubled its sales of lab grown diamonds.
WD Lab Grown Diamonds
52% of Engagement Rings are Now Lab Grown
More than half of all couples are now buying a lab grown diamond engagement ring, according to research carried out in January for The Knot wedding website.
Lab-Grown Diamonds: A Game Changer in the Diamond Industry
The diamond industry is undergoing a seismic shift, driven by the rising popularity of lab-grown diamonds.
Call for Clear Lab Grown Labels in India
The Indian government is facing calls to adopt US guidelines to distinguish lab growns from natural diamonds. The 10,000-member GJEPC (Gems and Jewellery Export Promotion Council) says there is widespread confusion in the way diamonds are marketed and advertised. It says India should adopt the US Federal Trade Commission (FTC) guidelines, which say there must … Read more
Have lab-grown diamonds changed the diamond industry forever?
Kodak never saw it coming either. Since early 2022, the price of polished natural diamonds has fallen approximately 40% and the industry is being buffeted by negative economic headwinds, an excess of mine supply and too much stock in the cutting centres. However, there is one statistic that cannot be ignored: around 50% of Diamond … Read more
Lab Grown Diamonds Market Projected to Hit $59.5 Bn by 2032 with Strongest Growth in Asia Pacific Region
According to Vantage Market Research the Global Lab Grown Diamonds Market Size is expected to reach a value of USD 27.2 Billion in 2023. The Lab Grown Diamonds Market is projected to showcase a CAGR of 9.1% from 2024 to 2032 and is estimated to be valued at USD 59.5 Billion by 2032. The lab-grown … Read more
US Lab Grown Giant Files for Bankruptcy
WD Lab Grown Diamonds, the second largest lab grown producer in the USA, has filed for bankruptcy.