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[BDI] Lab-grown diamonds emerging as an investment avenue?

Lab-grown diamonds are not new but their adoption among the consumers and retailers both has only risen significantly over the last few years. This has been primarily fueled by two major reasons. One, growing demand from new age consumers especially millennials owing to the unique appeal of Lab-grown diamonds being eco-friendly, conflict-free, socially conscious, ethical and affordable, qualities that mined diamonds unfortunately fail to provide. Second, technological progress of Lab-grown diamond production and numerous entrants in the arena.

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[BDI] 2015 for Global Diamond Industry – A Collection of Articles on Major Events that shaped the industry

Lab-grown diamonds: More acceptance, more success

Meanwhile, Lab-grown diamond sector is meeting with more acceptance among consumers and retailers alike. More jewelry retailers are now selling Lab-grown diamonds. Scio Diamond Technology – a major Lab-grown diamond producer, is now selling its diamonds at US’s 4th largest jewelry retailer – Helzberg Diamonds. Scio has also collaborated with Renaissance Diamonds Inc., which cuts & polishes diamonds, to sell its polished Lab-grown diamonds to jewelry retailers through a JV – Renaissance Created Diamonds. (See ‘Jewelry retailers are increasingly selling Lab- grown Diamonds’, Pg. 57)

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