Lab-grown diamond jewellery sales to breach the 10% mark for the first time this year – Zimnisky

The supply and demand for man-made diamonds had been on an increase in recent years, much to the discomfort of the natural diamonds industry. Some companies in the mid-stream segment of the natural diamond industry are now involved in the lab-grown business...

28 november 2022

Diamond mining and diamond synthesis: Which is more efficient?

Vladislav Zhdanov - Professor at the National Research University Higher School of Economics and former Vice President of ALROSA (2015-2018). He is a physicist by profession. Vladislav Zhdanov was educated at the Ural Federal University (General...

21 november 2022

The success of TAGS over the past 5 years has encouraged many large tender houses to establish regular and sizeable tender operations in Dubai

Mike Aggett is an experienced Private Consultant with a demonstrated history of working in the mining and metals industry. Skilled in Luxury Goods, Business Planning, Sales, Gemology, and Jewelry, Mike is a professional who graduated from Dover College...

14 november 2022

It all starts with stones - it is they that give impetus, determine the image and embodiment

Maxim Selikhov is the founder of the SelikhoV Diamonds brand launched in 2006, and the company manufactures unique handmade jewellery with rare high-quality gemstones. He is also known as a collector of unique and large-size jewellery stones who considers...

07 november 2022

‘Our technologies – CVD machines and growing technology – are game changers’, asserts Arnaud Flambeau, Executive Chairman, 2DOT4 Diamonds LLC

Arnaud Flambeau is the Executive Chairman of ‘2DOT4 Diamonds LLC’, Dubai, a fully integrated lab-grown diamonds company. The Company provides rough 'as grown' diamonds, in-house polished IGI certified loose polished diamonds and high-quality...

31 october 2022

Market for lab-created diamonds forecasted to almost double by 2025

03 november 2021
The lab-created diamond market is expected to grow by almost US$4 billion by 2025, according to an independent New York-based industry analyst. Paul Zimnisky, an independent diamond industry consultant said that in the past five years technology and production of high-quality lab-created diamonds have greatly improved and penetrated a wider consumer market due to a significant price difference with natural diamonds,  jewellermagazine.com writes.Estimated lab-diamond production for use in jewellery has grown from just a few hundred-thousand polished carats per annum as recently as four years ago, to almost 3 million polished carats in 2021 worth almost $2 billion, Zimnisky said.There has also been a noted increase in the number of suppliers and retailers of these alternative products for novelty and use as carbon-neutral brands and “super material” industrial applications.“It appears that many consumers that are choosing a lab-diamond in the place of a natural diamond are doing so because of the notable price differential,” Zimnisky said, adding that based on a survey of prices “one can buy a better-than-average-quality 2.15-carat lab-diamond solitaire for the price of an equivalent 1.00-carat natural.”Ziminsky believes the price differential between generic lab-created and natural diamonds has steadily widened in recent years, “in some cases expanding from a 10–15 per cent differential just a few years ago to as much as 75 per cent, or more.”

Аlex Shishlo for Rough&Polished