What will happen next with laboratory diamonds?

Nov 3, 2020

1
Sofia Lior

The world's diamond deposits continue to deplete. By 2023, the lab grown diamonds market is expected to grow to $ 8 billion, and given that traditional jewelers have recently started selling lab grown diamonds and their market share in the jewelry industry will only grow, this figure could become much larger. The threshold for entering a new niche is incredibly high - the cost of setting up your own production is comparable to the cost of developing a small field. No more than 20 companies in the world can grow a high-quality diamond in a laboratory.

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