Program aims to educate young consumers about mined stones’ positive qualities.
Last year saw highly promotional environment in natural and synthetics, according to CEO Gina Drosos.
New material is equal to eight years of production, according to Lucapa.
Average value per carat down 24% in 2023.
RapNet Diamond Index fell in most categories; SI clarities strengthened.
1-carat RAPI up 0.8% in January.
1ct. RAPI slid 2.2% in October but rose in final week.
Weak demand has left manufacturers with growing inventories of unsalable SI goods.
1ct. RAPI down 2.7% in July.
Titan Company’s diamond-sourcing costs have jumped in the past eight months, prompting the Indian retailer to pass price increases on to shoppers, its top jewelry executive said.
Fancy-color diamond prices increased in the second quarter of 2022 as demand strengthened and supply became tight, according to the Fancy Color Research Foundation (FCRF).