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: Larry Rickert on Working From Home and His Last Big Project
JimmyCast

Podcast: Larry Rickert on Working From Home and His Last Big Project

Podcast: Jason Druxman Discusses Differences of Corporate and Independent Jewelry Stores
JimmyCast

Podcast: Jason Druxman Discusses Differences of Corporate and Independent Jewelry Stores

Podcast: The 12 Days of Christmas … Like You’ve Never Heard It Before
Over the Counter

Podcast: The 12 Days of Christmas … Like You’ve Never Heard It Before

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

When Liquidation Is the Best Option, This Legendary Jeweler Chose Wilkerson

George Koueiter & Sons Jewelers, a 65-year old jewelry institution in Grosse Pointe, MI, had always been a mainstay in this suburban Detroit community. But when owners George and Paul Koueiter were ready to retire, they made the decision to close rather than sell. “We decided our best option to do the liquidation sale was Wilkerson,” says Paul Koueiter. The results, says George Koueiter, exceeded expectations and the process was easy. “Wilkerson just kept us in mind,” says George. “They never did anything without asking and whatever they asked us to do was just spot on.”

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