News/Media

The diamond gemstone industry is ripe for disruption. Long dominated by a small group of mined diamond producers, the industry is undergoing a rapid shift in market segmentation with the growth of gemstone quality lab-grown diamonds.

 

Lab-grown diamonds have the identical optical, chemical and physical characteristics of mined diamonds and represent a fast-growing segment of the diamond gemstone market. In addition to gemstones, diamond has long been recognized as a superior semiconductor material that could drive longer-term growth opportunities in markets such as power electronics, renewable energy and energy storage, and transportation.

 

The following headlines and articles highlight the disruptive and innovative impact lab-grown diamonds are having on the industry by offering a new generation of end customers new ways to think about and purchase diamond gemstones.

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Press Release: Diamond Works Technology, Inc. to Launch U.S.-based Lab-Grown Diamond Production. Retains investment banking firm, Global Power Partners, as exclusive financing advisor.

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Pandora surprised the industry when it announced it would only use lab-grown diamonds for its new collection of diamond jewelry including necklaces, rings and earrings. 

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Pandora's recent announcement that it would use only lab-grown diamonds going forward rocked the diamond industry. This informative video from ABC News provides a good overview of how lab-grown diamonds are created and talks about their growing popularity with consumers.

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Shopping for a Diamond Is About to Change - The New York Times

The world’s most productive mine has closed, so your next piece of inexpensive jewelry probably will feature a lab-grown gem.

www.nytimes.com

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Lab-Grown Diamonds Need To Be On Every Jewelry Store’s Shopping List

Consumer demand for lab-grown diamonds is increasing, offering jewelry brands and retailers an opportunity to grow both their topline sales and bottom-line profits.

www.forbes.com

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Survey of 800+ Jewelry Retailers on Top 10 Trends for the Next Breakout Category in the Industry: Lab-Grown Diamonds are #1

By far the largest number of jewelers responded to this question by citing the continuing popularity of laboratory-grown diamonds and fashion jewelry, specifically mentioning lab-grown diamonds set in metals ranging from silver and 10K gold to platinum.