Don’t panic, but synthetic diamond production is soaring

Eyes peeled: De Beers spends hundreds of millions of dollars each year refining its ability to detect synthetic diamonds PIC: DE BEERS
Eyes peeled: De Beers spends hundreds of millions of dollars each year refining its ability to detect synthetic diamonds PIC: DE BEERS

The numbers of synthetic diamond labs in India is due to jump to 9,000 this year from 6,000. In the US last year, a third of all diamond engagement rings sold were synthetic and diamond giant, De Beers, says labs are increasingly innovative in their treatments to mask their stones. But natural diamond experts say there’s no need for panic, reports Staff Writer, MBONGENI MGUNI

For the outside observer, of late, the diamond industry has been dominated by debates over the sanctions against Russian diamonds, the efficacy of the Kimberley Process and more recently, De Beers’ negotiations with Botswana.

Debates on lab grown or synthetic diamonds – which exploded onto the news in the 2000s and posed an existential threat to the natural stones as well as economies reliant on them – appeared to generally take a backseat in recent times.

Editor's Comment
Mind your health

They've repeatedly warned that hypertension, or high blood pressure, often termed a chronic lifestyle disease, is a silent killer. It's crucial for everyone to be aware of their health status. Nowadays, many companies host wellness days, offering free disease screenings to employees!Unfortunately, even with such services, some choose not to take advantage of the opportunity.The Dutch Reformed Church in Botswana recently organised a...

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