How Lab Diamonds Destroyed De Beers
How Lab Diamonds Destroyed De Beers It’s all about the timing. If you look at the last 10 years of the diamond market, specifically the "Lab Grown" sector, it is impossible to explain the current reality with standard economics. You have a market that held steady for years, then collapsed by 80% in the span of three months, exactly coinciding with a G7 embargo on Russian naturals. The "Russian Lab Diamond" doesn't exist. It is, and always has been, a Russian Treated Natural. The technology they claim is for "growing" stones is actually the technology for laundering them. The standard claim is that 98% to 99% of all diamonds sold in the jewelry industry before lab diamonds were Type 1a or 1b that can contain nitrogen, a little nitrogen tints the diamond yellow so a Type 1a or 1b diamond rated by the GIA as being in the I-J-K range would look distinctly yellow against a stark white background, lots of nitrogen creates the fancy yellow diamond colors. SI ...