Lab-grown diamonds are growing in popularity with consumers, for a range of motivating factors including ethical considerations and price. Lab-grown diamonds are being produced world-wide not just by small private companies but also larger dealers such as De Beers’ Lightbox, Swarovski and Cred Jewellery; all focused on leveraging the commercial benefits of lab-grown diamonds for their customers and businesses as an alternative.
According to the latest CIBJO Pearl Commission's Report, consumers are being deliberately misled.
Since synthetic diamonds first appeared in the commercial market in the 1950’s, the quality and scale of production has increased dramatically with techniques now able to produce stones in high volume and in extreme cases in excess of 10 carats. With continuing advances in production technology making it ever easier to produce laboratory-grown diamonds using either High Pressure High Temperature (HPHT) or Chemical Vapour Deposition (CVD) processes, research suggests that the volume expect…
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