Are Lab-Grown Diamonds The Future Of Luxury Jewellery"
Luxury jewellery houses are incorporating lab-grown diamonds into their products, from Cartier to Tag Heuer, see how it revolutionises the diamond industry.
The post Are Lab-Grown Diamonds The Future Of Luxury Jewellery" appeared first on LUXUO.
Image: Oscar Massin
For years, luxury’s biggest jewellers have dismissed lab-grown diamonds as inauthentic; with labels of lab-grown diamonds being “tacky”, “unnatural” or holding no real value, its distaste grew among consumers and jewellers. So when luxury’s biggest conglomerate, LVMH, acquired a major stake in an Israeli lab-grown diamond start-up, it caught the attention of the entire jewellery industry.
With an investment of around US$90 million, it marked a significant change in the billion-dollar market. The past year has seen an unprecedented increase in consumer lab-grown diamond interest. Diamond industry analyst, Edahn Golan showed a 63 per cent increase compared to last year for the number of engagement rings sold featuring a lab-grown diamond.
READ MORE: Eco-Friendly Diamonds: How Lab-Grown is Turning The Industry Green
So, Why Has it Become So Popular"
Image: De Beers
Rapidly gaining traction as an ethical, wallet-friendly alternative to mined diamonds, the world has seen a wave of consumers who prefer wearing the relatively affordable, more sustainable “lab diamonds” over the ones that the Earth carefully nurtured and cradled in its deepest lay...
The post Are Lab-Grown Diamonds The Future Of Luxury Jewellery" appeared first on LUXUO.
Image: Oscar Massin
For years, luxury’s biggest jewellers have dismissed lab-grown diamonds as inauthentic; with labels of lab-grown diamonds being “tacky”, “unnatural” or holding no real value, its distaste grew among consumers and jewellers. So when luxury’s biggest conglomerate, LVMH, acquired a major stake in an Israeli lab-grown diamond start-up, it caught the attention of the entire jewellery industry.
With an investment of around US$90 million, it marked a significant change in the billion-dollar market. The past year has seen an unprecedented increase in consumer lab-grown diamond interest. Diamond industry analyst, Edahn Golan showed a 63 per cent increase compared to last year for the number of engagement rings sold featuring a lab-grown diamond.
READ MORE: Eco-Friendly Diamonds: How Lab-Grown is Turning The Industry Green
So, Why Has it Become So Popular"
Image: De Beers
Rapidly gaining traction as an ethical, wallet-friendly alternative to mined diamonds, the world has seen a wave of consumers who prefer wearing the relatively affordable, more sustainable “lab diamonds” over the ones that the Earth carefully nurtured and cradled in its deepest lay...
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