3 Questions for Joanna Park-Tonks of the International Grown Diamond Association - Read MoreThe revolution underway in India's diamond industry - Read MoreLab-grown diamonds are being embraced as affordable luxury options - Read MoreFaux Real: The Pros And Cons Of Lab-Grown Diamonds In Jewellery - Read MoreWays to Build Loyal, Repeat and Educated Customers - Read More
At the end of last year, the diamond industry veteran Joanna Park-Tonks (pictured) took over as president of the International Grown Diamond Association (IGDA). Her predecessor, Richard Garard, had helped found the group in 2016.
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His career has been transformed by a seismic shift in the diamond industry. Until two years ago, all the diamonds he inspected were natural - pulled from the ground at diamond mines.
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This Valentine’s Day could see gems grown in a lab take market share from natural ones
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hether you’re planning to propose to your special someone or just want to treat them with a memorable present, Valentine’s Day is the perfect opportunity to embrace your romantic side. And what better way to do that than by gifting them a sparkling diamond?
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Now that lab-grown diamonds are comparable to the mined version, Jason Kohn’s film examines tensions in the jewellery industry
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Sharing the brand’s excitement about the partnership with Selfridges.com, Vrai president, Mona Akhavi said: “We are thrilled to partner with Selfridges as their bold sustainability strategy is in unison with our core DNA at Vrai.
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The Commerce Ministry on Thursday, February 23, approved the establishment of the India Centre for Lab-Grown Diamonds (InCent-LGD) at IIT Madras at an estimated cost of Rs 243 crore over the next five years. This follows Finance Minister Nirmala Sitharaman's announcement in the Union Budget that the government will encourage the production of lab-grown diamonds in the country via an R&D grant to an IIT for five years and reduction in import duties on raw material.
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Fashion jewellery brand Carat* London and lab-grown diamond jewellery brand Gentle Diamonds may seem worlds apart, but both are the creation of founder and CEO Scott Thompson.
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Experts and Editor-in-Chief Michelle Graff share views on natural diamond prices, lab-grown supply, and diamond jewelry sales in 2023.
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A decade ago, lab-grown diamonds were hardly ever used in engagement rings. Now they're expected to make up almost 40% of engagement rings by the end of 2023.
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A company which makes synthetic diamonds in Singapore has won a patent case against a member of the international De Beers Group, ending a seven-year court battle over the methods used in growing the gemstones.
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Recent measures unveiled in the budget including a focus on lab-grown diamonds (LGDs) and a reduction in basic customs duty on the seeds used in their manufacture are expected to boost exports in the diamond industry and could make India a world leader in the LGD market.
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ALTR Created Diamonds founder Amish Shah today announced the launch of a new purpose-driven fine jewelry brand, J'evar. Dedicated to harnessing the power of technology to transition the diamond industry towards a future where there is no compromise between sustainability and beauty. J'evar jewelry is influenced by art and architecture, and designed to be both wearable and relevant, melding the traditional and the contemporary, with an obsessive attention to detail.
Read MoreThe Plumb Club’s Podcasts for March help retailers gain valuable insight into these areas and provide key and actionable tips on both.
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They’re hard to tell from the real thing, and celebrities and modern jewellers love them. What’s not to like?
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Young people are falling out of love with mined diamonds because of their high environmental and humanitarian costs. How do their alternative, lab-made diamonds, measure up?
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Diamonds can now be created in a laboratory in just a few weeks. Producers of synthetic diamonds claim they are identical to the mined stones and more ethical. Lab-grown diamonds are also around a third cheaper. In an attempt to disrupt the disruptors, established diamond companies, including De Beers, are now producing their own lab-grown diamonds. But can synthetic gems ever replace the real thing?
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If you choose to buy a piece of diamond jewellery, then you may spend hours researching the cut of the stone and the design of the piece to ensure you're happy with your investment.
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Jewelry shoppers are increasingly eying lab-grown diamonds and gemstones, a trend fueled by comparatively high for mined diamonds, increased availability and a growing desire for sparkling statement pieces.
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Lab-grown diamonds are the future – or rather the now – of luxury jewellery. Do you know why? Because lab-grown diamonds are real diamonds! This is the hard truth that every natural diamond retailer, miner or investor is sadly very aware of, but is desperate to keep a secret.
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On Oct. 20, Breitling announced that in the next few years, it will use only lab-grown diamonds and artisanally sourced gold on its watches.
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Quantum research at a University of Chicago lab could help prevent hacking and connect a future web of supercomputers. And these scientists are getting US Gov't money to help them grow diamonds.
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US jeweler Kay is warning customers it may be forced to replace lab grown diamonds with natural diamonds. It blames "supply constraints".
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My research in how both retailers and consumers are interacting with lab-grown diamonds has pointed to the fact that jewelry retailers who stock lab-grown diamonds are clamoring for more finished lab-grown diamond jewelry collections to add to their assortment ahead of the busy holiday season. My eyes are always on new entries to the lab-grown diamond (LGD) market, via my market research firm TheMVEye. And while new players in the space frequently crop up, here are three new collections you might want to seriously consider.
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They include millennials of a certain age, women who buy jewelry for themselves, and “upgraders,” according to The MVEye.
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New York (CNN Business)Lab-grown diamonds have become so popular with consumers that some couples are asking jewelers to swap the natural diamond in their rings for a lab-created sparkler.
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Love them or hate them… everyone has an opinion on the fastest expanding category in the jewellery business in years. Not least, this year’s JCK jewellery fair in Las Vegas was unofficially dubbed “the lab grown diamond show” - in view of LMVH’s ground-breaking double-digit million-dollar investment in the Israeli grower LUSIX.
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Opportunities, strategies, and percentages for selling LGDs to consumers
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The International Grown Diamond Association (IGDA) announced recently that the cost of the International Gemological Institute’s (IGI) lab-grown diamond e-learning course will be underwritten for its members, with all six of the institute’s diamond-related courses to be offered on IGDA’s training and education page.
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A London-based jeweller has claimed that lab-grown diamond rings now account for more than half of its engagement ring sales.
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In 2018, the FTC permitted “a mineral consisting essentially of pure carbon crystallized in the isometric system” to be described as a “diamond,” whether naturally occurring or man-made. Ever since then, the jewelry establishment has been erecting barriers of entry for lab-grown diamonds into their lucrative $84 billion global market.
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Data teleportation, entanglement, complete encription and qubits all will evolve as lab-grown diamonds growing technologies get better.
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Austin-based jewelry designer Kendra Scott, who launched her eponymous line in 2002, has long been a part of the wedding journey, from bridesmaid accessories to wedding bands and anniversary treasures. But today, the designer has finally made an official foray into engagement rings with her debut collection of 11 gorgeous styles.
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Adjani said: "Courbet's mission is to reinvent jewelry while respecting the environment. I was touched to the heart by their process of creating diamonds, in a high-tech laboratory, because they are real diamonds with the same precious qualities of purity and transparency as those extracted from the bowels of the earth, from those monstrous craters that ruin the environment. Marilyn would have loved to have them as friends, she who loved nature. That's my instinct."
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The war in Ukraine led to the shutdown of one-third of the natural diamond industry, which is heavily reliant on Russian mines. Will lab-grown diamonds fill the gap?
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For most of the modern history of the jewelry business, the vast majority of end users (consumers of the product) have been women. Simultaneously, the people controlling the fine jewelry supply pipeline have been men.
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It’s Real: Acceptance of Lab-Grown Diamonds Is Expanding Exponentially
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t's proposal season, and engagements are on the rise. So are factory-made diamond sales. Not that you'd know the difference. Man-made diamonds look the same as naturally occurring ones. The only noticeable difference is the price tag. "The result is really stunning," said Edahn Golan, an independent diamond industry analyst.
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Social and environmental responsibility has recently infiltrated industrial discourse and, in the world of fine jewelry, may permanently alter how people create, buy and sell diamonds.
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Tag Heuer its first watch using lab-grown diamonds. Image courtesy of Tag Heuer.
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In the 1800s, Oscar Massin made jewelry for queens. Now the brand will focus on lab-grown diamonds and sustainable practices.
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MVI Marketing LLC (THE MVEye), the leader in market research for the global gem, jewelry and watch industries, announced the completion of its 2022 Next Gen Consumer Lab-Grown Diamond Market Research Report entitled It Takes a Long Time to Become Young. The report is the result of a comprehensive, quantitative online study with consumers in the USA.
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CVD diamond growers and jewelry manufacturers will help India consolidate its competitive advantages in diamonds and jewelry manufacturing.
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In a sign that lab-grown diamonds are ready for their moment in the luxury spotlight, a group of Paris-based investors led by former Cartier executives Frédéric de Narp and Coralie de Fontenay have revived a historic but long-forgotten French jewelry name and are positioning the brand for the 21st century with a big focus on man-made diamonds.
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One of the richest men in Israel, Benny Landa (pictured) was named Globes‘ “entrepreneur of the decade” in 2016. After making his name in digital printing, he’s gone on to found and fund a number of businesses, including Lusix, which produces lab-grown diamonds. Here, Landa talks with JCK about why he got into lab-grown diamonds, where he thinks prices and the business are going, and what his company brings to the market that’s different.
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LuxImpact brings the iconic French house back with an energy and verve fit for the 21st-century.
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In April of 2021, Green Bay Packers running back Aaron Jones lost his father and his hero, Alvin Jones Sr., to complications from COVID-19. Dealing with immense grief, Jones kept his father close to him by wearing his ashes in a football-shaped pendant necklace.
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Buying a diamond ring for your lover is an age-old symbol of lifelong commitment. The sparkly diamond that’s long been a symbol of “forever” usually comes with a hefty price tag.
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The industry experts will help the lab-grown diamond association develop its strategic and tactical priorities.
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Frédéric de Narp is using lab-grown diamonds to bring back Oscar Massin.
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Revived heritage jewelry brand Oscar Massin has partnered with celebrities Kate Hudson and Rachel Zoe to promote its lab-grown-diamond-based sustainable jewelry.
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Diverse group of industry leaders to chart the course of the association as the lab-grown diamond sector continues explosive growth.
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Israeli lab-grown producer Lusix has received its first external investment as it advances plans to build a new, larger facility for creating diamonds.
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Hudson and Rachel Zoe Ventures have taken minority stakes in the historic French jeweler, which is being revived by Luximpact with a focus on sustainability.
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Lab-grown diamonds versus natural diamonds? Or perhaps a bit of both? That’s the most likely scenario for the coming years …
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Former executives from Harry Winston and Cartier are betting on recycled gold and lab-grown diamonds to revive a 160 year-old Paris jeweller favoured by Empress Eugénie and Anna Wintour.
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Luximpact is a new investment firm that's looking to revive historic French jewelry houses, and help them to put sustainable materials, and socially responsible practices, at their core.
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Co-CEOs De Narp and De Fontenay and creative director De Laage have collectively worked for storied jewelry brands such as Cartier, Harry Winston, and De Beers, but relaunching Oscar Massin presents an opportunity to put sustainability and traceability at the forefront of a luxury house.
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New York, NY—Smiling Rocks has launched its first collection of men’s diamond solitaire engagement rings, featuring lab-grown diamond rings with round and fancy shape diamonds.
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Here, in an Exclusive Interview, Richard Garard spells out the plans chalked out for IGDA 2.0 to expand and support the LGD sector.
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As the diamond industry searches for ways to be more sustainable, Annabel Davidson asks: which is the kindest cut of all?
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Jean Dousset, a bespoke fine jewelry & engagement ring brand founded by the great-great-grandson of Louis Cartier, released their 2021 Engagement Ring Survey results, revealing consumer insights on lab grown diamond rings, purchasing trends, and preference for larger diamonds in an engagement ring driving consumer appetite for lab grown diamonds.
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For many couples who recently cemented their commitment to each other with an engagement, the choice of ring featured not natural but man-made gemstones — including the center diamond.
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Brilliant Earth Group Inc. uses blockchain to track the path to ownership of some of its diamonds, one of the ways that the newly public jewelry company is using technology and transparency to appeal to its target millennial and Gen Z customers.
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Developing nations often say they are unfairly targeted by wealthy countries to curb economic growth to protect the planet. This debate is playing out in India where a forest which is home to endangered species is under threat. Billions of dollars' worth of diamond reserves lie in the ground in Buxwaha forest in central India. The Madhya Pradesh state government says the mine will bring jobs but local people say their lives will be destroyed.
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Diamonds can take billions of years to form underground thanks to the immense pressure and hot temperatures. Some have been around almost as long as the planet, so it’s easy to see why they’re so valuable.
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The market for lab-grown diamond jewelry is poised to almost double in size by 2025, predicts industry analyst Paul Zimnisky.
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Diamond Collective has seen a surge in interest for lab-grown diamonds over the past 12 months, with consumers seeking more affordable bling options.
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2022 will be the year of the wedding. According to The Wedding Report, some 2.5 million couples will tie the knot next year, following a two-year lull when only 1.3 married in 2020 and 1.9 million in 2021. That will break a previous record for marriages set in 1984.
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Many traditional diamond manufacturers want to get their hands on synthetic material, but contrary to popular belief, consistent supply is hard to obtain.
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Brilliant Earth filed for an initial public offering this week, and its registration statement was full of interesting data.
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Following the completion of a comprehensive sustainability audit, laboratory grown diamond producer LUSIX has been accredited, and its rough diamonds have been certified, under the SCS 007 Sustainability Rated Diamond Standard for Trial Use.
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Retail experts and jewelers lay out the best strategies for selling lab-grown and mined diamonds together As the awareness and availability of lab-created diamonds have increased sharply within the past few years, this alternative to mined diamonds presents both a challenge and a tremendous opportunity for savvy jewelers.
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In late June 2021, Latitude a lab-grown diamond company that’s a division of the Washington D.C.-based WD Lab Grown Diamonds opened a new chapter in jewelry history by announcing that it is the world’s first and only diamond company to produce lab-grown diamonds that are carbon neutral, and what’s more, climate neutral.
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Lab-grown diamonds, the manmade alternative to naturally-grown diamonds, have faced an uphill battle to be recognized by the jewelry industry as an acceptable alternative to mined diamonds.
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Every year, Around 100 Million Carats Of Rough Diamonds Are Mined To Supply The World's Multi-Billion Dollar Diamond Jewelry Industry, Leaving Both Human And Environmental Damage Behind.
Read MoreDiamond Foundry this week announced plans to ramp up its production of lab-growns to 5m carats a year. That's a huge number. Global production of lab growns last year totaled 7m carats. of which just 1m carats were US-grown (according to Statista). So when the Silicon Valley start-up says it's embarking on a fivefold increase, taking its output to 5m carats, it's a game changer.
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Luxury jewelry consumers in Western Europe are becoming increasingly aware and accepting of lab-grown diamonds (LGDs), according to market researcher The MVEye.
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American consumers have started to adopt lab-grown diamonds and there are reasons to believe the trend will pick up in China eventually.
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British designer Jenny Packham has launched an exclusive bridal jewellery line with 101-year-old jewellery retailer, Helzberg Diamonds featuring the first colourless lab-grown diamond collection in the industry.
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The natural and lab-grown diamond industry both raised the stakes in 2020, contending for consumers whose behaviors are rapidly evolving.
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Consumers and retailers seeking a value ratio and eco-friendliness are creating momentum for lab-grown stones, despite pushback from the diamond mining industry.
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InStore Magazine asked 800-plus retail jewelers to take an educated guess at the next breakout category in jewelry. Here are their top 10 responses.
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Balmain is often one step ahead of the rest of its luxury couture minded ilk. Now, the Parisian fashion house has announced how it intends to remain at the forefront of sartorial direction–and it involves aboveground diamonds.
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Billions of years ago when the world was still young, treasure began forming deep underground. As the edges of Earth’s tectonic plates plunged down into the upper mantle, bits of carbon, some likely hailing from long-dead life forms were melted and compressed into rigid lattices.
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