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News, Diamonds, Monthly Overview, The Great Diamond Debate

Articles from DIAMOND JEWELLERY (817 Articles), DIAMONDS BY CUT - BRILLIANT (ROUND) (282 Articles), DIAMOND GRADING LABORATORY / CERTIFICATION (71 Articles)












The Great Diamond Debate

Six months after De Beer’s surprised the international jewellery industry by entering the synthetic diamond market, we explore whether the decision was a strategic move to ensure competitor innovation did not become blanket disruption or whether De Beers finally saw the light and realised lab-grown diamonds are not a menace after all?

Perhaps it’s even a little bit of both, or perhaps it doesn’t really matter anyway!

Our Great Diamond Debate might help you decide.

 

PRELUDE


INNOVATION VS DISRUPTION: SPECTATORS DON’T WIN GAMES
Coleby Nicholson, managing editor of Jeweller
 
Is De Beers’ decision to enter the synthetic diamond market simply a logical extension of its existing business or is monopolistic behaviour aimed at controlling the industry. Read more »
 

                          PANEL OF INDUSTRY EXPERTS


Sally Morrison, chief marketing officer, De Beers' Lightbox
Lab-grown diamonds can create new opportunities and, according to SALLY MORRISON, allow jewellers to compete with other fashion categories. 
Read more »

 



Jean-Marc Lieberherr, chief executive officer, Diamond Producers Association
JEAN-MARC LIEBERHERR says consumers will continue to value the rarity and authenticity of natural diamonds because, in the end, real matters. 
Read more » 

 



Richard Gerard, secretary general International DIamond Growers Association
Lab-grown diamonds offer significant value and legitimate consumer choice. As such RICHARD GARARD says a downward price shift is unlikely.
Read more »

 



Ernie Blom, president World Federation Diamond Bourses
Diamonds can’t be made; they are part of Mother Nature. ERNIE BLOM says synthetic stones are akin to making widgets on a factory production line. 
Read more »

 



Gaetano Cavallieri, president CIBJO
We should not fight the synthetic diamond manufacturers, but rather differentiate their product from natural diamonds says GAETANO CAVALIERI. 
Read more »

 



Boaz Moldawsky, chairman Israel Diamond Institute 
No product, as shiny and sparkly as it may be, can take the place of a natural diamond. BOAZ MOLDAWSKY explains why IDE bans synthetic stones. 
Read more »

 



Alan Bronstein, president NCDIA | Nilesh Sheth, president IDCAS
ALAN BRONSTEIN and NILESH SHETH believe synthetic stones only threaten the natural diamond market if there is no disclosure or transparency. 
Read more »

 



Mehul N Shah, vice president Bharat Diamond Bourse
The Indian gems and jewellery sector is a US$40 billion industry and, according to MEHUL SHAH, around 1 million families earn their livelihood thanks to the diamond industry. Read more »

 




PREDICTING A SYNTHETIC FUTURE
Garry Holloway, owner Holloway Diamonds
GARRY HOLLOWAY thinks there is more than meets the eye behind De Beer’s move into lab-grown diamonds. Indeed some of the early ramifications have been ‘unintended’, or were they? Read more »

 



LAB-CREATED DIAMOND JEWELLERY MARKET TO GROW TO US$15B BY 2035
Paul Zimnisky, paulzimnisky.com - indepdendent analyst

The global jewellery industry is estimated to be worth US$270 billion. PAUL ZIMNISKY reports on the staggering potential of the ‘new diamond’ economy.
Read more »

 



Abe Sherman, chief executive officer Buyers Intelligence Group
ABE SHERMAN says bogus claims and overpriced products from synthetic manufacturers probably ‘forced’ De Beer’s into the lab-grown market. 
Read more »

 



Bill Sechos, managing director Gem Studies Laboratory
While lab-grown diamonds might provide benefits for retailers, BILL SECHOS says there are many potential pitfalls. 
Read more »

 



Chaim Even- Zohar, Pranay Narvekar, independent consultants
What is really behind the jewellery industry’s greatest U-turn? CHAIM EVEN-ZOHAR with PRANAY NARVEKAR analyse De Beers’ real motives. 
Read more »
 

FEATURE STORY


 

The De Beers’ fifth annual Diamond Insight Report has found that Millennials and Gen Z consumers accounted for two-thirds of global diamond jewellery sales in 2017. 
Read more »
 

 

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