Depreciation marring strength of lab-grown diamond market: NDC

The Natural Diamond Council is attempting to set the record straight on a few common misgivings concerning natural gemstones.

NDC shares that report findings are derived from a thorough review of a wide range of secondary research sources and the evaluation of internal research conducted on behalf of the Natural Diamond Council by globally respected third-party organizations. The research was conducted at the beginning of 2023.NDC’s report findings suggest that lab-grown diamonds have experienced significant price depreciation in recent years.

Furthermore, 3 of every five lab-grown diamonds are mass-produced in jurisdictions including China and India, and while some players in the alternative materials space make claim to mining-free processes in marketing, authors of the report have called this premise into question.According to the organization, synthetic diamond production can require graphite and metals.

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