The market for synthetic diamonds has changed dramatically in the last two years, and it continues to evolve... but in what direction?
My analysis assesses the next phase of development of the lab-grown diamond market, in which many predict fashion-jewelry collections and branding will drive growth. That represents a return to its roots after lab-grown enjoyed a growth spurt in the bridal segment.
While prices continue to decline, jewelers are seeking ways to add value to the product. The changes mark a maturing of the market and are an indication of how the rest of the jewelry industry relates to lab-grown goods.
Initially published in the March Rapaport Research Report, read the full analysis here.
Image and illustration by David Polak & Elisé Jurkovic (Rapaport).
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