Lab-Grown Diamonds Becoming Easier And Faster To Create

Finance and Trade
27/08/2015 11:36

Although man-made gems make up a very small part of the $80 billion global diamond jewelry market, demand is increasing as buyers, particularly young people, look for stones that are cheaper and free of ethical issues, according to a report by Antwerp-based consultancy Gemdax. The study found that 45% of North American consumers from 18 to 35 said they prefer natural diamonds.

Although only around 360,000 carats of man-made gem-quality diamonds were produced last year compared with 146 million carats of natural mined stones in 2013, according to financial consultants Frost & Sullivan, the supply of lab-grown stones will probably jump to two million carats in 2018 and 20 million by 2026.