De Beers has announced its intention to discontinue the production of lab-grown diamonds for its Lightbox consumer brand, concluding the company’s six-year venture into lab-grown diamond jewellery. Instead, Lightbox will transition entirely to natural diamond jewellery.
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Lab-grown sapphires and rubies have been available for more than a century, and emerald has been grown in labs for 90 years. Upon this initial introduction of synthetic gems in the jewellery market, jewellers and dealers worldwide were convinced the new stones spelt the end of their industry. Yet, in our current market, most lab-grown gems are little-known, poor cousins to natural stones—widely available, rarely promoted, largely seen in “family rings” and the like. These days, consumers have very little awareness of lab-grown sapphire, emerald, ruby, or others, but all have heard of lab-grown diamonds.
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Laura Bee, a former manager at the now-shuttered Ever Love Jewelry in Huntington Village, N.Y., recently entered a guilty plea to one count of third-degree grand larceny. She admitted to swindling approximately C$184,400 (US$137,000) from customers and other jewellers over a three year-period.
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The world of food-based lab-grown diamonds just got a bit bigger, with the announcement of M&M’s unique Super Bowl gift. The candy company has promised a distinctive consolation prize to the runners-up: rings with lab-grown diamonds crafted from peanut butter.
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Mejuri is the latest fine jewellery brand to venture into the realm of lab-grown diamonds. The new move stems from the desire to improve accessibility, as investing in lab-grown offerings ensures customers can purchase bigger styles at lower prices.
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Mexican-inspired fast-food chain Taco Bell has entered the world of lab-grown diamonds with its most recent experiment: diamonds made from taco shells.
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The first-ever high fashion brand to employ lab-grown diamonds into its products, Prada argues that lab-created diamonds embody luxury far better than natural diamonds.
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The United States’ second-largest manufacturer of lab-grown diamonds, WD Lab Grown Diamonds, has initiated bankruptcy proceedings within the country.
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A 16.41-carat laboratory-grown diamond believed to be the largest ever created using the CVD method has been looked at by GIA.
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Gemological Science International (GSI) is advising industry members to be extra cautious after receiving a lab-grown diamond with an inclusion typically only found in natural stones.
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