A 1 carat man made diamond sells for about 4000 and a similar natural diamond fetches roughly 8000. A 1 carat man made diamond sells for about 4000 and a similar natural diamond fetches roughly 8000.
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De beers new lab diamonds will sell for about 800 a carat.
Man made diamonds de beers. The lab diamonds from de beers will sell for about 800 a carat. The allure scarcity and high cost of diamonds has largely been controlled by de beers. De beers is known around the world for creating the finest diamond engagement rings wedding rings and other elegant diamond jewellery youll treasure.
De beers which almost single handedly created the allure of diamonds as rare and expensive says it will start selling man made diamond jewellery at a fraction of the price of mined gems. De beers is hoping to create big price gap with its new product which will sell under the name lightbox in the us. After seven decades of selling gemstones as a precious commodity de beers now plans to offer synthetic versions at a fraction of the price marking a major shift for the worlds largest diamond.
De beers framed the move as a response to consumer demands. The brand called lightbox will offer synthetic diamonds at a fraction of the price it charges for stones pulled out of the earth. De beers which almost single handedly created the allure of diamonds as rare expensive and the symbol of eternal love now wants to sell you some party jewelry that is anything but.
The unit of anglo american plc said three. Now the company is doing something they once said they would never do sell man made diamond jewelry. After years of disavowing the authenticity of man made diamonds grown in a laboratory de beers has suddenly seen the light and responded to consumer demand by offering a lab grown diamond.
De beers hasnt even opened its first synthetic diamond store but its looming entry into the market for man made gems has already shaken the industry.
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