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Apollo Diamond (defunct, assets sold in 2011 to Scio Diamond) [1] ALTR Created Diamonds [2] De Beers (Lightbox) [3] Diamond Foundry [4] Gemesis (now a non-producing reseller called Pure Grown Diamonds) [5] Scio Diamond Technology Corporation [6] (colorless) Tairus [7] WD Lab Grown Diamonds [8]
Finally, the global market for lab grown diamonds is highly evolving. This particular segment was worth $19.3 billion in 2020, and it will grow at a CAGR of 9.4% until 2030 to sit at $50 billion.
Structurally identical to mined stones, sales of man-made diamonds were up 38% in 2022 to just under $12 billion. With their hype only growing, should legacy jewelry brands be worried?
The new lab-grown diamonds retail for about one-tenth the cost of naturally occurring diamonds. The new brand began selling in September 2018 and the stones are produced in Gresham, Oregon , a $94 million facility using the region's cheap electricity, which opened in 2018 with the capacity for 500,000 rough carats of diamonds per year.
ALTR Created Diamonds is a division of the R.A. Riam Group, a wholesale jeweler based in New York City. [2] The principles of Riam Group were heirs to a heritage of 80 years in the mined diamond business, when they released their first lab-grown diamond. [3] Riam introduced ALTR Created Diamonds at JCK Las Vegas trade show in 2016. [4]
De Beers tried its hand at growing a lab-grown diamond jewelry business for six years before ditching it earlier this year. But a segment of that failed attempt has flourished—and it has nothing ...
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