What is going on in the Diamond Marketplace with synthetics gaining popularity and the banning of Russian Diamonds?
Diamond Market update - a different kind of conflict
The diamond market both natural and lab grown are experiencing new market challenges. Not only from direct competition but from the media. Are natural diamonds finally gaining ground on lab grown. Where will prices bottom out for lab grown. Can the natural diamond industry reverse the inclination of lab grown buyers or is it too late? How will the Russian Sanctions play into the supply chain and the conflicts?
About Jon Phiips
A Graduate Gemologist from the GIA, Jon has been in the jewelry business for over 40 years and worked in all of its “facets”. He was recently the Divisional Manager for Canadian Diamonds at Corona Jewellery Company Ltd. in Toronto, Canada. Part of Jon’s responsibilities included managing the rough to polish systems for Canadian Diamonds including the purchasing of rough directly from mining companies to working with diamond polishing factories to produce the final product.
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