Remain Tag

As emerging players position themselves increasingly within the high-end segment and heavyweights like Pandora eschew using mined diamonds of their designs, the lab-grown diamond market is heating up by the day. Touted as a more sustainable alternative to mined diamonds, lab-grown gems are also gaining traction against a backdrop of sanctions against Russia, a number one supplier of natural diamonds, and as rough diamond production continues to diminish, falling to 111 million carats, with a 5 percent decrease per yr for the reason that 2017 peak of 152 million carats, in accordance with a 2021 Bain study on the worldwide diamond industry. But leading jewelry executives remain skeptical, noting that the segment poses many problems of its own, not least the energy...