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Dmitry Fedorov: I want our jewelry to be displayed at a museum in the future
Dmitry Fedorov is the founder of the eponymous jewelry house. His main focus is the creation of Orthodox-inspired premium luxury jewelry of high artistic merit. He told Rough&Polished about his journey in the jewelry industry, about choosing the ‘Orthodox...
28 october 2024
Responsible business practices ‘no longer optional’, says WDC President Feriel Zerouki
The president of the World Diamond Council takes time out of her busy schedule to tell Rough&Polished readers about the critical work of the WDC. Zerouki, the first female present of the body, which includes all the important industry organizations among...
14 october 2024
James Campbell: Botswana Diamonds optimistic as it enters uncharted territory of using AI for mineral exploration
London-listed Botswana Diamonds has expressed optimism about the company’s use of artificial intelligence (AI) to scan the exploration database in Botswana to look for new mineralised deposits. Company managing director James Campbell told Rough...
07 october 2024
Artur Salyakayev: For me, happiness is freedom to make my ideas happen and create valuable products
Artur Salyakayev is an art entrepreneur, founder of the International Jewelry Academy (IJA) and the INCRUA jewelry company. He has initiated and developed successful projects in jewelry industry and services sector. He is also a leading expert...
30 september 2024
Paul Zimnisky: China key for sustained recovery in demand for natural diamonds, prices
The curtailing of upstream and midstream natural diamond production in the past months is starting to have an effect on prices, according to the New-York-based independent diamond and jewellery analyst and consultant, Paul Zimnisky. He told Rough & Polished’s...
23 september 2024
Diamonds Factory: Popularity gap between natural and lab-grown diamonds is closing
According to Diamonds Factory, global diamond prices have risen by 30% over the past three months, and shoppers can save up to 40% of their money by switching to lab-grown diamonds.
Ben Stinson, head of e-commerce at Diamonds Factory acknowledges that natural diamonds are still more popular, but he is convinced that the popularity gap between natural and laboratory-grown stones is closing.
“Shoppers are becoming more eco-conscious,” he said. “We’ve had that verbally, we’ve seen it in demand on our website, search trends on Google and in the increasing demand for knowledge and education. You can also see it in terms of the cost of living at the moment as people want something that’s more price competitive, and lab-grown diamonds are a great example of that as they are chemically identical, meaning you’re not losing anything from the naked eye.”
Diamonds Factory's lab-grown diamond sales are steadily growing, Professional Jeweler said adding that while lab-grown diamonds accounted for 10-15% of its total sales in 2021, they currently account for about 30%.