Connect with us

Headlines

Here’s What Stuller Thinks About the Future of Lab-Grown Diamonds

mm

Published

on

Jewelry manufacturer began offering synthetic diamonds earlier this year.

Speaking with Rapaport, Stanley Zale, VP of diamonds and gemstones at Stuller, explains how his company views the future of synthetic diamonds, which the jewelry manufacturer recently announced it would begin offering.

The news outlet asked Zale: “Do you agree with the view that lab-grown diamonds will lose value as supply increases?”

Zale responded: “I don’t know what’s going to happen with the value, but I believe in the laws of supply and demand. If the price of lab-grown diamonds goes down so much that they become worthless, people will stop manufacturing them. Over time, a correct level will be found.”

Rapaport News also asked: “How do you respond to claims that lab-grown diamonds are a more ethical product than natural diamonds?”

Zale’s response: “The industry needs to do a better job telling the diamonds-do-good story. The value of lab-grown diamonds is derived from the value we place on natural diamonds. Therefore, talking down natural diamonds or saying lab-grown diamonds are a more virtuous alternative does not help. We’re not claiming that its eco-friendly or better than anything else. We’re just trying to give our customers what they might want. It’s not our place to make judgements about what someone puts in a piece of jewelry as long as it’s reasonable.”

Advertisement

Read more at Rapaport

Continue Reading
Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

Retirement Made Easy with Wilkerson

The store was a landmark in Topeka, Kansas, but after 80 years in business, it was time for Briman’s Leading Jewelers to close up shop. Third generation jeweler and owner Rob Briman says the decision wasn’t easy, but the sale that followed was — all thanks to Wilkerson. Briman had decided a year prior to the summer 2020 sale that he wanted to retire. With a pandemic in full force, he had plenty of questions and concerns. “We had no real way to know if we were going to be successful or have a failure on our hands,” says Briman. “We didn’t know what to expect.” But with Wilkerson in charge, the experience was “fantastic” and now there’s plenty of time for relaxing and enjoying a more secure retirement. “I would recommend Wilkerson to any retailer considering a going-out-of-business sale,” says Briman. “They’ll help you reach your financial goal. Our experience was a tremendous success.”

Promoted Headlines

Most Popular