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In 1953 the GIA developed its International Diamond Grading System and the "four Cs" (cut, clarity, color, and carat weight) as a standard to compare and evaluate the quality of diamonds. [ 2 ] As of 2024, the institute is headquartered in Carlsbad, California , and operates in 13 countries, with 11 campuses, 9 laboratories, and 4 research centers.
Diamonds, because of their hardness, are one of the few gemstones that have a recycled market. Recycled diamonds are diamonds that have been polished and set into jewelry, then removed and possibly re-cut before sale back into the diamond industry. This sector accounts for 5%–10% of market supply. [25]
Lab-grown diamond sales surged from just 2% of the global diamond jewelry market in 2017 to 18.4% in 2023, according to data provided by Zimnisky. Additionally, the case for buying diamonds as an ...
Gemological Institute of America (GIA) was the first laboratory in America to issue modern diamond reports, [32] and is held in high regard amongst gemologists for its consistent, conservative grading. Diamond High Council (HRD) Official certification laboratory of the Belgian diamond industry, located in Antwerp. [33]
Industry experts anticipate an additional 15% to 20% price drop in diamonds over the next 12 months. The diamond industry is ‘in trouble’ after prices sunk 6% this year. A jewelry CEO blames ...
Some high-end fine jewelers have gotten on board with the trend. In 2023, jeweler Jean Dousset, the great-great-grandson of Louis Cartier, opened a showroom with “designer” lab-grown diamonds ...
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