World’s No. 1 jewellery maker is ditching mined diamonds
3 years, 7 months ago

World’s No. 1 jewellery maker is ditching mined diamonds

Live Mint  

Pandora A/S, which makes more pieces of jewellery than any other company in the world, will stop using mined diamonds as part of a broader strategy to drop raw materials associated with unethical production methods. A host of lab-grown-diamond makers and retailers have sprung up in recent years, keen to target customers with more affordable stones that aren’t marred by the same ethical and environmental issues as mined diamonds. The decision to shun mined diamonds comes less than a year after Pandora pledged to stop relying on newly mined gold and silver in its jewellery. The Danish company, which has branded itself a maker of affordable jewellery, used mined diamonds in just 50,000 pieces last year out of a total of roughly 85 million.

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History of this topic

Why diamonds are losing currency, a hint from labs
1 month ago

Why diamonds are losing currency, a hint from labs

Firstpost  

Lab-grown diamond industry is seeing a slump owing to a significant decline in prices, decrease in trust and over supply The laboratory-grown diamond industry is at a pivotal moment, facing challenges like falling prices, oversupply, and declining trust in certain areas. Natural diamonds down 30 per cent The diamond industry is facing dramatic shifts, with the price of natural diamonds …

Lab-grown diamonds: Goldiam leads the charge, Trent joins the race
1 month, 2 weeks ago

Lab-grown diamonds: Goldiam leads the charge, Trent joins the race

Live Mint  

With a knack for disrupting industries, Tata Group’s Trent is now setting its sights beyond fast fashion. This move signals Trent’s intent to disrupt another fast-growing category by positioning LGDs as affordable alternatives to natural diamonds. Currently, it’s the largest listed LGD company, with LGDs contributing 49% of its total revenue, while the rest comes from natural diamond jewellery. Studded …

How do Pandora’s lab-grown diamonds compare to the real deal?
6 months, 4 weeks ago

How do Pandora’s lab-grown diamonds compare to the real deal?

The Independent  

Sign up to our free weekly newsletter for insider tips and product reviews from our shopping experts Sign up for our free IndyBest email Sign up for our free IndyBest email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy While diamonds may be a “girl’s best friend”, they …

The UAE is a global leader in diamond trading. Now, it wants to grow them, too
9 months, 2 weeks ago

The UAE is a global leader in diamond trading. Now, it wants to grow them, too

CNN  

Editor’s Note: This series is, or was, CNN — Diamonds are the hardest material on Earth — and finding one in nature is comparably tough. “Instead of having diamonds flying all around the world, the diamond is produced and sold locally.” Mohamed Sabeg, co-founder of Dubai-based company 2DOT4, checking a lab-grown diamond. “The mined diamond, you don’t control it, the …

Lab-grown diamonds come with sparkling price tags, but many have cloudy sustainability claims
10 months, 1 week ago

Lab-grown diamonds come with sparkling price tags, but many have cloudy sustainability claims

Associated Press  

PHILADELPHIA — The muted sounds of hammering and sanding drift down to the first floor of Bario Neal, a jewelry store in Philadelphia, where rustic artwork that mimics nature hangs on warmly-lit walls. Martin Roscheisen, CEO and founder of Diamond Foundry, said via email the power VRAI uses to grow a diamond is “about one tenth of the energy required …

India’s lab-grown diamonds: how they are faring
1 year, 5 months ago

India’s lab-grown diamonds: how they are faring

The Hindu  

“This one is a conversation starter,” says Vinaya Gupta. “They are gem quality, but lab-grown, planet positive and purse accessible,” says the 27-year-old entrepreneur shopping at Avira Diamonds, a swanky store that displays jewellery made of lab-grown diamonds in Chennai. The world is moving towards conscious living, and they align with that philosophy.” Aishwarya adds, “Having said that, we don’t …

Why lab-grown diamonds are key to unlocking future for Indian jewellery industry
2 years, 6 months ago

Why lab-grown diamonds are key to unlocking future for Indian jewellery industry

Firstpost  

The Indian Gems and Jewellery industry is one of the largest industries in the world and contributes more than 29 per cent to the global consumption of jewellery. The Gem and Jewellery Export Promotion Council recorded the exports of lab-grown diamonds at $1.05 billion from April 2021 to January 2022, which register a growth of 113 per cent. India’s polished …

We tried Lily Arkwright’s lab-grown diamond ring to see how it compared to the real deal
2 years, 7 months ago

We tried Lily Arkwright’s lab-grown diamond ring to see how it compared to the real deal

The Independent  

Sign up to our free weekly newsletter for insider tips and product reviews from our shopping experts Sign up for our free IndyBest email Sign up for our free IndyBest email SIGN UP I would like to be emailed about offers, events and updates from The Independent. How we tested To see how a lab-grown diamond compares to the mined …

A booming market for artificial diamonds yet no match for the real thing
3 years, 4 months ago

A booming market for artificial diamonds yet no match for the real thing

Business Standard  

A booming market for artificial diamonds yet no match for the real thing Don't expect the synthetic stones to surpass natural ones anytime soon because the world's biggest miners of diamonds aren't looking to get into man-made diamonds Premium Cast in stone: “The Spectacle”, a 100.94-carat colourless diamond from Russia that was sold for over $14 million in May 2021 …

For the love of diamonds
3 years, 7 months ago

For the love of diamonds

Hindustan Times  

After a tough year for couples planning their dream nuptials, weddings across the globe are expected to be back in a big way. However thanks to the emergence of lab grown diamonds, buying an ethically sourced and created lab grown diamond engagement ring, means that socially aware couples don’t have to comprise the environment or concerns over human rights, for …

Pandora to stop using mined diamonds
3 years, 7 months ago

Pandora to stop using mined diamonds

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Can lab-grown diamonds replace the real thing?
4 years, 2 months ago

Can lab-grown diamonds replace the real thing?

CNN  

Editor’s Note: This story was produced as part of CNN Style’s The September Issues, a hub for facts, features and opinions about fashion, the climate crisis, and you. “Looking deeper into it and talking to many diamond traders we heard about identical diamonds made in a lab and saw it as our opportunity to bring transparency and ethics to an …

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