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Diamond Industry in Crisis: Inflation, China Slowdown, and Synthetic Gems Reshape Market

Diamond Industry in Crisis: Inflation, China Slowdown, and Synthetic Gems Reshape Market

by Andrew Wilson | Dec 7, 2024 | Market Insights

The diamond industry is undergoing significant disruption due to inflation, China’s economic slowdown, and the ascendancy of synthetic gems. Inflationary pressures have contributed to a substantial decline in diamond prices, with major companies like De Beers...
Lab-Grown Diamonds Disrupt Market: Now 20% of Global Jewellery Sales

Lab-Grown Diamonds Disrupt Market: Now 20% of Global Jewellery Sales

by Andrew Wilson | Dec 6, 2024 | Market Insights

Lab-grown diamonds have revolutionized the jewelry market, now representing 20% of global jewelry sales and valued at $22. 79 billion in 2023. This disruption stems from technological advances, particularly in CVD technology, which has reduced production costs by 60%...
What Is the Best Way to Clean Diamond Jewelry?

What Is the Best Way to Clean Diamond Jewelry?

by Andrew Wilson | Dec 6, 2024 | Diamond Care Guide

Let's face it, your diamond jewelry doesn't always stay as bright and shiny as the day it first caught your eye. You're probably wondering about the best way to bring back that sparkle without causing any damage.I've personally found that a touch...
Renowned Gem Artist Glenn Lehrer Passes Away at 70

Renowned Gem Artist Glenn Lehrer Passes Away at 70

by Andrew Wilson | Dec 6, 2024 | Jewellery Designers, Jewellery News

Glenn Lehrer, the revolutionary gem artist who transformed lapidary art with his patented TorusRing design, has passed away at 70. A graduate of the Gemological Institute of America, Lehrer mastered groundbreaking carving techniques that seamlessly merged Eastern...
Global Diamond Production Hits Two-Decade Low as Industry Faces Headwinds

Global Diamond Production Hits Two-Decade Low as Industry Faces Headwinds

by Andrew Wilson | Dec 6, 2024 | Market Insights

Global diamond production hit a significant low of 111.5 million carats in 2023, marking the industry's weakest output in two decades. Russia's production dropped 11% to 37.3 million carats, while South Africa and the Democratic Republic of Congo reported...
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