JCK's 10 Most-Read News Stories of 2024

December 31, 2024

The Current State of the Diamond Market Is…Not Good

Both the natural and lab-grown diamond sectors are hurting, panelists said at an industry conference in July (and it’s still true).

Photo: Getty Images

MORE NEWS

New York Dealer Charged With Swapping Lab-Grown Diamonds for Naturals

Manashe Sezanayev was indicted on multiple felonies for allegedly defrauding diamond wholesalers.

Rolex CEO Thinks 2024 Will Be “a Challenge”

In an early April interview, Jean-Frédéric Dufour said the rising price of gold is one of several issues the watch industry is dealing with.

Anglo American Mulls Writing Down Value of De Beers

Update: A few weeks after Anglo American said it might write down De Beers’ value, it did—by $1.6 billion.

Lab Reports a Rise in Undisclosed Lab-Grown Colored Diamonds

GSI said the undisclosed synthetics are often sold mounted, mixed in with natural colored diamonds in jewelry.

Is the Lab-Grown Diamond Pivot Finally Here?

The current business—with its super-high margins—does not look sustainable long-term.

Why You Need to Start Screening Every Diamond

Eventually, devices that screen for lab-growns could become as common as scales for diamond dealers.

Price of Gold May Rise “Materially” Next Year

Two leading market experts see further gains in 2025.

Paul Zimnisky on the State of the Diamond Market

During a conference presented by the Accredited Gemologists Association, the industry analyst laid out his view of diamond supply and demand.

Lab-Grown Diamond Company Lusix Sold for $2.5 Million

According to a September news story, Lusix would be acquired by EDP, a Japanese producer of lab-grown diamond seeds. (Update: EDP withdrew its offer, and Lusix was sold to lab-grown brands Fenix and Dholakia for $4 million.)

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