Is Lab-Grown Still a Dirty Word in the Industry?

RAPAPORT®
NewsBrief  
January 19, 2023
 
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Is Lab-Grown Still a Dirty Word in the Industry?
Some jewelers are keeping their synthetics sales low-key to avoid pushback from the trade.
Kim Kardashian Buys Princess Diana Cross Pendant at Auction
Diamond-and-amethyst jewel fetches almost $200,000 at Sotheby's.
 
Holiday Sales Miss Target as Inflation Dents Spending
Revenue rose 5% year on year, below National Retail Federation's forecast.
 
Jewelry Sales Drive Strong Growth at Richemont
US and European demand outweighed slow Chinese market in third fiscal quarter.
News Digest
EU Considers Classifying Russian Diamonds as 'Blood Diamonds'
(The Brussels Times)
 
No Clearance for Bunder Diamond Mining Project
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(The Economic Times)
 
Gen Z Is Driving Luxury Sales as Wealthy Shoppers Get Younger
(CNBC)
 
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RapNet Diamond Index (RAPI™)
Diamond Data
Size
Index
Weekly
Monthly
Y2Y
 0.30 ct
1513
1.12%
2.51%
-6.40%
 0.50 ct
2673
0.08%
-0.27%
-11.51%
 1.00 ct
7508
-0.14%
-1.27%
-12.08%
 3.00 ct
24736
-0.12%
-1.22%
-4.76%
Rapaport Investment Grade Diamonds
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