Varvara Dmitrieva: The jewelry industry of Yakutia is distinguished by its creativity, unique cultural code and conservation of traditions

Varvara Dmitrieva, Associate Professor and Head of the Department of Precious Stones and Metals Processing Technologies of the North-Eastern Federal University, told Rough&Polished about the results of the Forum of jewelry Craftsmanship and the prospects...

Yesterday

Valery Budny: There is no strategy and legislation in Russia enabling the full cycle processing of precious raw materials within the country

Valery Budny, Head of the Jewelry Russia program and CEO of the JUNWEX media holding, told Rough&Polished about the results of the meeting and pressing issues in the precious metals and precious stones (PMPS) and the jewelry sectors.

11 april 2024

Paul Zimnisky: Natural diamonds face the risk of eroding their appeal if constantly discounted

New York-based independent diamond and jewellery analyst and consultant Paul Zimnisky told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that the industry should do away with discounts. He said the industry should treat natural diamonds...

01 april 2024

Edahn Golan: Lab-grown diamond prices to continue declining

In an exclusive interview with Rough&Polished's Mathew Nyaungwa, Edahn Golan, proprietor of the eponymous Edahn Golan Diamond Research and Data, predicted that the prices of lab-grown diamonds would continue to decline, especially at the retail and...

25 march 2024

ADPA’s Ellah Muchemwa: G7 restrictions to bring extra costs from diamond mining to retail

The African Diamond Producers Association (ADPA), which has openly registered its disdain for the G7’s rough diamond trade restrictions, is of the opinion that the move will bring extra costs on all stages, from mining to retail. ADPA executive...

18 march 2024

Lab-grown diamonds could account for a large share of global diamond supply – Petra

30 june 2023

Petra Diamonds says the supply of lab-grown and natural diamonds is expected to vary significantly in the coming years, with the former having the potential to become a significant part of the total global diamond supply.

It said in an update that factors strengthening lab-grown supply include production scaling by current producers, new producers, and breakthroughs in production technology that are improving yields and lowering production costs.

“Lab-grown demand is being driven by the lower relative pricing point as larger lab-grown diamonds are being sold at the same price as smaller natural diamonds,” said Petra.

The miner also said that lab-grown diamonds have continued to diverge into a separate, more affordable jewellery category

Meanwhile, Petra Diamonds said that the supply of natural diamonds is expected to remain relatively stable in the near term.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished