Grown Diamonds can help overcome the widening supply demand gap in the long run to compensate for falling mined diamonds supply
MOUNTAIN VIEW, Calif. – Jan. 15, 2015 – The mined diamond supply has seen a constant decline in the past decade driven by the fact that key diamond mines have passed their peak production levels. Moreover, the diamond mining process has become tougher as the mines age and new mines that are discovered often have shorter life spans and tougher mining conditions. This occurs in light of the rising demand from various markets such as the US, India and China which is likely to widen the demand and supply gap.
New analysis from Frost & Sullivan, Grown Diamonds – Unlocking Future of Diamond Industry by 2050 indicates how Grown Diamonds can represent a potential solution to the issue of global shortage of rough diamond supplies. The breakthrough in technology has made it possible to grow rare quality colorless IIa quality diamonds by creating diamond-growing conditions in semiconductor grade facilities, above the earth’s surface.
Continue reading “[Frost & Sullivan] Grown Diamonds Key to Unlocking Future for Diamond Industry”