Lab-Grown Diamonds Are Everywhere. This Company Thinks It Has the Secret to Making Them High-End

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Luxury,Fashion

Now that it’s possible to grow affordable gems in the time it takes to watch a movie, the race is on to save the value of the most precious stone.

Since their widespread introduction to the market nearly a decade ago, lab-grown diamonds have carved out a substantial slice of the market. Industry analyst Paul Zimnisky recently told the news agency AFP that lab-grown stones accounted for 18.5 percent of diamond sales in 2023 and would exceed 20 percent this year. Perhaps this isn’t surprising now that scientists can grow diamonds in just 150 minutes—faster than you can watch Oppenheimer.

has partnered with lab-grown-diamond specialists Ammil to produce what it says is the first Swiss-made jewelry collection of its kind. Relying entirely on renewable energy sources—90 percent of which come from hydroelectric power, with solar and biomass generation making up the remainder— cofounder Niels Schaefer. For any product to be certified as “Swiss Made,” 60 percent of its value must be added within Switzerland; hence the diamonds themselves are grown in Ammil’s facility in Muotathal by a process known as chemical vapor deposition before being cut and sent to India for polishing, then returning to

 

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