Archive

  • Natural Diamond Council, the authoritative resource on natural diamonds, has released its 2023 analytical report entitled, Diamond Facts: Addressing myths and misconceptions about the diamond industry. Through this report, the Natural Diamond Council (NDC) set out to address misinformation about both natural diamonds and laboratory-grown diamonds for industry players, retailers, and consumers alike.

  • The Indian Minister of Commerce and Industry in her Unioin Budget speech this week proposed certain budget allotments and new policies for the 23/24 fiscal year which made several provisions for the diamond sector in India who have recently suffered setbacks due to decreased exports and global market instabilities.

  • Jewelry trade publications such as JCK are reporting ever more instances of lab-grown diamonds bearing fraudulent inscriptions linked to grading reports for natural gems. “Given that the resale value of lab-grown diamonds is next to nothing,” said Soraya Cayen, owner of the Carmel, CA. jewelry salon, Cayen Collection, “retailers and consumers alike are understandably seeking confirmation that their diamond is a naturally mined one.”

  • Israel-based Lusix, producer of lab-grown diamonds completed an investment round of US$90m, and counts LVMH Luxury Ventures as one of its newly onboarded investors. The company will use the money to expand its production capacity later this year. In a Q&A with JCK News, industry analyst Paul Zimnisky discusses LGD trends, saying LGD prices have been dropping significantly lately as supply is booming. A 1.5ct for example dropped from US$3,500 to US$3,000, Zimnisky noted.

  • "And let it be said, the lab-grown companies aren’t exactly charities – they’re like any other technology company out there to make money."