Connect with us

Headlines

Gap Grows Between Natural and Lab-Grown Diamond Prices

The trend is expected to continue.

mm

Published

on

The prices of lab-grown diamonds are falling relative to natural diamonds, and that trend is expected to continue, Reuters reports.

As of mid-November, a 1 carat generic lab-grown diamond was selling at an average discount of 42 percent compared with a natural diamond, analyst Paul Zimnisky told the news agency. That’s compared to a 20 percent discount in January.

Podcast: So What’s So Special About Trade Shows?
JimmyCast

Podcast: So What’s So Special About Trade Shows?

Podcast: What’s Your Instagram Lifestyle?
Keepin' It Real

Podcast: What’s Your Instagram Lifestyle?

Podcast: Shane O’Neill Tackles Overlooked Issues of Digital Marketing for Jewelry Stores
Keepin' It Real

Podcast: Shane O’Neill Tackles Overlooked Issues of Digital Marketing for Jewelry Stores

Costs to make lab-grown diamonds are also falling, to about $300 per carat now, on the low end, from as much as $4,000 per carat in recent years.

De Beers announced in May that it was launching a company called Lightbox Jewelry to market laboratory-grown diamond jewelry, with pricing set at $800 for a one-carat stone.

By marketing lab-grown diamonds as fashion accessories, De Beers seeks to “reinforce the mystique of stones formed in the earth’s crust so consumers keep buying them for major events such as engagements,” according to Reuters.

Martin Rapaport, founder of the Rapaport Diamond Report, told Reuters that prices for lab-grown diamonds will likely continue to fall.

Advertisement

“The cost of these synthetic diamonds will go down to production costs plus a competitive profit margin,” he said. “There is no shortage.”

Read more at the Reuters

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials | MSG Jewelers

Wilkerson Takes the Worry Out of Closing

MSG Jewelers has always treated its customers like family. When owner Mike George decided to retire and close the doors of his St. Louis, Missouri jewelry store, he selected a company to manage his going-out-of-business sale that treats its customers like family, too. That’s why he chose Wilkerson. “Wilkerson was able to do all the things that we needed,” says George. In the end, the bittersweet store closing was so much easier with Wilkerson at the helm. From marketing to pricing to inventory, Wilkerson does it all. “It’s a package deal,” says George.

Promoted Headlines

Advertisement

Advertisement

Advertisement

Subscribe


BULLETINS

INSTORE helps you become a better jeweler
with the biggest daily news headlines and useful tips.
(Mailed 5x per week.)

Latest Comments

Most Popular