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Why LVMH Is Betting on Lab-Grown Diamonds
For years, luxury’s biggest jewellers have dismissed synthetic diamonds as inauthentic. But an investment by LVMH’s venture fund in lab-grown diamond company Lusix suggests this calculus may be changing alongside consumer interest in ethical and sustainable products.
Why LVMH Is Betting on Lab-Grown Diamonds
For years, luxury’s biggest jewellers have dismissed synthetic diamonds as inauthentic. But an investment by LVMH’s venture fund in lab-grown diamond company Lusix suggests this calculus may be changing alongside consumer interest in ethical and sustainable products.
Diamond Miners Stuck With Inventory Worth Billions
The five biggest producers are estimated to be sitting on excess stock worth about $3.5 billion, which could increase to $4.5 billion — or about one-third of annual rough-diamond production — by the end of the year.
Diamond Miners Stuck With Inventory Worth Billions
The five biggest producers are estimated to be sitting on excess stock worth about $3.5 billion, which could increase to $4.5 billion — or about one-third of annual rough-diamond production — by the end of the year.
Distress in the $80 Billion Diamond Market
Plunging diamond prices are causing hardship for people throughout the global supply chain from big mining operators in Africa, Russia and Canada to small-scale cutters and traders across Europe and Asia.
Distress in the $80 Billion Diamond Market
Plunging diamond prices are causing hardship for people throughout the global supply chain from big mining operators in Africa, Russia and Canada to small-scale cutters and traders across Europe and Asia.