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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
Public servants deserve better than union infighting

‘The strongest bond of human sympathy outside the family relation should be one uniting working people of all nations and tongues and kindreds’.- Abraham LincolnUntil then, the Council’s operations remain suspended, delaying critical decisions affecting thousands of public sector employees.The current standoff is between the Manual Workers Union on one side and the Six Cooperating Trade Unions, namely BONU, BOPEU, BTU, BDU, BOSETU and...

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