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By Bernardette Sto. Domingo, Olivia Quiniquini •
June 14, 2023
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As the dust settles after the Covid-19 pandemic, market interest in lab-grown diamonds is expected to soar, particularly among consumers who now pay greater attention to the sustainability credentials of the products and brands they patronise.
Supermodel Gigi Hadid wears the “Dream Necklace” by Smiling Rocks at the 2023 Met Gala. The piece consists of 54 lab-grown diamonds weighing a total of 74.65 carats set in 14-karat gold
“Dream Necklace” by Smiling Rocks. The piece consists of 54 lab-grown diamonds weighing a total of 74.65 carats set in 14-karat gold
High Jewelry ring in 14-karat white gold from Smiling Rocks, with 80 marquise, round and cushion-cut lab-grown diamonds weighing a total of 7.70 carats
Joanna Park-Tonks, president of the International Grown Diamond Association (IGDA)
Butterfly pendant with lab-grown diamonds by Vever
Butterfly ring with lab-grown diamonds by Vever
Silver ring with a 0.15-carat lab-grown diamond from the Diamonds by Pandora collection
Supermodel Gigi Hadid wears the “Dream Necklace” by Smiling Rocks at the 2023 Met Gala. The piece consists of 54 lab-grown diamonds weighing a total of 74.65 carats set in 14-karat gold
This article first appeared in the JNA Lab-Grown Diamond Special 2023.
By all accounts, consumer demand for lab-grown diamonds and jewellery is on an upward trajectory, driven mainly by their sustainability narrative, relative affordability and enhanced presence on the international stage, among others.
The category is steadily developing its own niche in the gem and jewellery market, particularly in the US where demand is currently greatest.
According to market analytics firm Tenoris, consumers are showing a greater appetite for larger lab-grown diamonds. The April 2023 Tenoris report by diamond industry analyst Edahn Golan stated, “Over the last few years, especially since the Covid lockdowns, consumers’...
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