Mmegi

Lab groans: Synthetics’ price collapse offers hope for naturals

Real deal: Natural diamonds appear to be slowly recovering from their slump last year PIC MORERI SEJAKGOMO
Real deal: Natural diamonds appear to be slowly recovering from their slump last year PIC MORERI SEJAKGOMO

In January lab-grown diamond producers saw their revenues dip for the first time since their creations exploded onto the scene a few years ago. Sales are still strong, but cynics say collapsing prices confirm that the lab-growns are ‘shiny trinkets’ far removed from the real deal. Staff Writer, MBONGENI MGUNI, reports

Too much of a good thing? Or from the perspective of some natural diamond producers, good riddance to bad rubbish?

The latest data coming out of the retail jewellery sector indicates that lab-grown diamonds are facing their moment of truth, a crash in prices so deep that their even soaring sales are unable to prevent a squeeze on revenue.

Editor's Comment
The Boko-led administration has to tread carefully

‘When you make peace withyourself, you make peace with the world’- Maha GhosanandaThis may come at a huge cost if not handled properly. What started off on Labour Day in Letlhakane this year, where Boko was in attendance when the militant lawyer-cum-trade unionist, Robert Rabasimane rebutted the President’s address in defence of the trade union has seemingly spiralled out of control. The issue is now creating a cat-and-mouse type of a...

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