![]() Both categories can perfectly coexist.”īaunat natural diamond ring styles at the company's Antwerp headquarters. In the long run, prices for natural diamonds will grow faster because of their intrinsic scarcity. We are convinced that both markets will have a great future since they both have very strong strengths and opportunities.” Looking to longer-term pricing, “we also believe that prices for both categories will be relatively stable in the coming months and maybe years. ![]() Baunat offers 100% natural and ethical diamond jewelry for long-term investment value, and Valquère offers maximum brilliance and diamond quality for your budget. Until now, there has been a clear division between LGD and natural diamond jewelers and retailers, but earlier this month, Antwerp-based Baunat Group became the first luxury diamond jewelry group to carry both a natural diamond and a LGD brand, with the launch of Valquère, a new subsidiary for above-ground diamonds.Īccording to Baunat Group founders Stefan Mouradian and Steven Boelens, “both brands offer a ‘Smart Luxury’ proposition from a different angle. Over the past decade, LGD jewelry brands like Vrai, Clean Origin and Dorsey have tapped into a new market for consumers looking for bigger stones at lower prices, with less investment value. Without specialist detection equipment, LGD are virtually indistinguishable from natural diamonds. The Unity ring by Vrai x RandM, recycled gold and above-ground diamonds. In 2020, an estimated 6-7 million carats of LGD was produced worldwide (Bain & Company, The Global Diamond Industry 2020-2021). and the U.K., and since the uptick in production in 2015, they have been able to create increasingly large, better quality diamonds. The biggest LGD producers are based in China, India, the U.S. LGD are man-made in a manufacturing facility, usually by High Pressure, High Temperature (HPHT), or Chemical Vapor Deposition (CVD), using a diamond “seed” to create diamond material for use in both jewelry and industry. will not put real, natural diamonds out of business the synthetic diamond market will be dominated by low-cost jewelry companies.”ĭiamond Foundry Founder and CEO Martin Roscheisen believes that consumers are overpaying for mined diamonds: “LGD are based on market pricing, whereas mined diamonds continue to be supply-controlled,” he argues, “however, there is a big upside to the consumer of LGD now being more affordable: it allows jewelry designers to use more of them in their creations.” Vrai, Diamond Foundry’s jewelry retail subdivision, has earned itself a reputation for design innovation alongside classic styles, for designer collaborations like Vrai x RandM, and celebrity endorsement. Timex watches did not put Rolex out of business. “I believe the reason people buy real diamonds is because they want to gift something special and expensive. “It remains to be seen to what extent synthetic diamonds will replace natural diamonds in the important jewelry and fashion jewelry categories,” Rapaport continued.
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