Yoram Dvash: Industry unity, producer leadership and marketing investment key to natural diamond's future

The natural diamond industry is navigating a period of significant transition, but there are increasing signs that the foundations for a stronger and more positive future are being built, according to the World Federation of Diamond Bourses (WFDB)...

29 june 2026

AWDC: First fully traceable artisanal diamonds from DRC sold on the international market in Antwerp

In a historic milestone for the diamond industry, fully traceable, artisanal diamonds from the Democratic Republic of Congo have been sold on the international market for the very first time in Antwerp. Below, Ine Tassignon, AWDC spokesperson, provides...

22 june 2026

Natural diamonds most desired luxury jewellery, Gen Z spending double baby boomers, reveals De Beers report

Natural diamonds remain the most desired jewellery item among US consumers, with Millennials and Gen Z driving demand value and spending, according to De Beers Group’s The Diamond Report, which draws on the biannual Diamond Acquisition Study of 18,500...

15 june 2026

Edahn Golan: India’s lab-grown diamond exports surpass natural diamonds by volume, yet value gap widens

India’s diamond industry has reached a historic turning point. In March and April 2026, the volume of lab‑grown diamond exports overtook that of natural diamonds, with lab‑grown stones accounting for 51% and 50.4% of total export volume respectively...

01 june 2026

Dr M’zée Fula-Ngenge: Kimberley Process failing Africa

The Kimberley Process (KP) is failing Africa, and the world's definition of a “conflict diamond” is a moral and legal absurdity, according to the African Diamond Council (ADC) chairperson M’zée Fula-Ngenge. The following exclusive...

18 may 2026

New Record in the Diamond Valley

29 october 2024

October 2024 was marked by a new record: New Diamond Technology, together with NPK Almaz, have created the world's largest nitrogen-free single crystal diamond (colorless, type IIa) weighing 70.72 carats. This was achieved thanks to new efficient technological solutions for the growth of large-sized electronic-quality single crystal diamonds.

LGD_70_72ct_diamond.jpg

Dimensions of the crystal: 20.29 x 21.33 x 15.59 mm. Growing time: 20 days.

The analysis of geometric and morphological parameters of the crystal shows the possibility of manufacturing several 3/4 inch matrix plates for subsequent iterative growth of structurally perfect substrates of electronic quality crystals up to 2 inches in size by the CVD method (according to the Large Area Device-Quality Diamond Substrates (LADDIS) program), as well as matrix replication of 3/4 inch electronic quality plates using the CVD method. In addition, there is a possibility of manufacturing a unique colorless nitrogen-free fancy-cut diamond (cushion or radiant) of large sizes (over 25 carats). The 70.72-carat diamond is the largest colorless single-crystal HPHT diamond grown to date. It is known that there are CVD diamonds of larger sizes, but they are not single-crystal and are made by successive growth of several layers of the crystal, which can be easily detected by fluorescence methods.

Currently, the market for laboratory-grown single crystal diamonds (both HPHT and CVD) and diamonds made from them (LGD) faces a supply glut. The rapid growth of their production volumes (by 7-10 percent annually) led to a decrease in the cost of these diamonds to record lows. According to Rapaport data, they sell at 99% discount compared to similar natural diamonds.

As a result, a number of the largest factories stopped growing jewelry-grade rough diamonds, and turned to traditional products such as diamond powders, polycrystals and other goods for instrumental purposes.

However, a sharp increase in the volume of grown raw materials and a decrease in their cost also has a positive side. The main purpose of these diamonds is to use their unique electrophysical, thermal, optical and mechanical properties in the production of new-generation equipment in the electronic and optical industries, medicine, space, nuclear energy and other high-tech areas, with previously unattainable functionality. Record technical characteristics of diamond-based devices are available when growing crystals of electronic quality as opposed to jewelry quality. These crystals have a whole range of strict parameters imposed on diamond substrates or optical elements for high tech industry.

Galina Semyonova, Editor in Chief of the Russian Bureau, Rough&Polished