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

China’s young customers now take an interest in lab-grown diamonds

07 october 2019

While a section of the press claims that Chinese millennials are the major buyers of high-end real diamond jewellery in the country, the other section claims otherwise.
As the cost of the lab diamonds has declined by up to 90 per cent in the last 10 years, a report says that it’s not mined gemstones but the young customers in China are taking interest in lab-grown diamonds, which sparkle and shine like a real diamond.
The cheaper alternatives to mined gemstones are reportedly becoming popular among young customers. So much so, the lab-grown diamonds have started to shake up the $87 bln consumer market.
The report mentioned Li Zheng, research manager at Leadleo Research Institute, a market research provider, who said that the cost of making a lab diamond is about 30 pc lower than the cost involved in mining a gem of similar size and quality.

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished