The global diamond market is mounting, instigating an
upsurge in price for manufactured diamonds. According
to Bain & Company’s Global Diamond Report 2018,
reported by Forbes, diamond sales increased 2% in 2017.
Supplementary to this statistic, the “...Dover Street
Market collection goes over $130,000 and we are not
seeing any push-back at all,” says Ye-Hui Goldenson,
director of public relations and communications for
Diamond Foundry. The carbon-neutral process and
fashion-forward positioning of the diamond collection
produced by the collaborative effort caters to young,
affluent, eco-minded consumers, giving rise to the
competitiveand considerable price tag
Consumers, especially millennials, are socially aware and
mandate transparency for everything they put in and on
their body. Therefore, ‘world-positive’ lab-grown
gemstones denote a decidedly attractive alternative that
satisfies these new classifications of and expectations for
luxury jewelry. In accordance with this, consumers like
that they know the origin of the stones they are going to
wear, and that the stones are without the high human
or environmental toll associated with mining, impelling
them to include lab diamonds into their gemstone
collections.Due to the evolution of diamond patrons,
‘mined or grown’ is no longer a binary decision;
Goldenson states that “both kinds of diamonds can exist
side-by-side.” Diamond Foundry’s lab-grown diamonds
have carved their name in the gemstone industry, and
with the benefaction of established designers, noteworthy
figures in society, and the evolved luxury consumers, the
future of these already sparkling above-ground diamonds
looks especially scintillating..
Source: forbes.com
diamondfoundry.com
Photo credit: Diamond Foundry