Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Laboratory grown diamond sales triple

01 july 2016
NPD Group, a well recognized market research firm releases findings from its recent project ‘Diamond Tracker’, which gathers data from a representative cross section of U.S. Speciality jewellers, 3950 doors in total. The study shares interesting data about how lab-grown diamonds are selling at retail, Madestones reported.
The percentage of total sales of laboratory grown diamonds has tripled from 0.1% in 2015 to 0.3% in 2016. NPD data also shows which lab-grown diamonds are most popularly selling at retail.
Diamond industry analyst, Edahn Golan who has been consulting NPD on this project, says, ‘The consumer demand for lab-grown is rising, customers are buying items that are at the heart of natural diamond demand.’ Average sales center around 1ct stones. However, sales of few large stones have also been recorded. The interest in 2-3 ct stones displays that the demand is not limited to smaller budgets.
The average cost of loose stones to retailers is around 40% less than comparable mined diamonds. The turnaround of lab-grown is faster than that of mined diamonds of identical characteristics making them better assets for financial resources, says Golan.

Alex Shishlo, Editor of the Rough&Polished European Bureau in Brussels