Lab Diamonds in the News: Snippets from around the world

The Washington Post:
See how lab-grown diamonds are made, step by step

"While lab-grown diamonds have been around since the 1950s, they have increased in popularity in the past five years and now make up an estimated nearly 20 percent of the global diamond jewelry market by value sold, according to diamond industry analyst Paul Zimnisky."

Source: The Washington Post, November 27, 2024

Vogue:
Shhh… I Sort of Regret Not Buying a Lab-Grown Engagement Ring

"Essentially: diamonds went from something your husband acquired with a sizable chunk of his salary to being an impulse purchase—something you can just stick on your face like a beauty mark for a night out. It’s a seismic shift in consumer behavior that’s shaken up the diamond industry in a big way.

Per the Wall Street Journal, “Natural-diamond jewelry sales in the U.S. declined 0.7% through November compared with a year earlier, while lab-grown diamond jewelry sales rose 12.5%.” And as for prices? They’re free-falling—due to a lower demand for mined diamonds and technology advances in the production of lab-grown diamonds which make them less expensive to create. There’s never been a better time to buy, especially when you consider the surprisingly long history of lab-grown diamonds."

“Spending less on a ring isn’t about cutting corners—it’s about rejecting an outdated notion that value is purely tied to scarcity.”