Don’t panic, but synthetic diamond production is soaring

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.