According to a study, the global synthetic diamond market was worth US$15.7 billion in 2014. With the low cost of manufacturing synthetic diamonds in comparison to natural diamonds and the rise in the number of industrial applications of synthetic diamonds, the market is expected to witness a rise of close to 100% in the next eight years, ending up at US$28.8 billion by 2023. Previously it was used only for industrial purposes but nowadays it is used in jewelry too.
We are a Gemological lab that certifies and differentiates between natural and synthetic diamonds. With the increased use of synthetic diamonds in jewelry, we do see more work coming our way in detection and certification as well.
As per the current scenario, certification is no more just about a diamond’s color or clarity grades. The Nature of Origin for every piece of diamond has become an essential part of the certification procedure.
Lab-grown diamonds are graded on the same quality characteristics as mined diamonds and exhibit the same variance in color, clarity, and size.
The new SGL lab-grown reports are the result of more than a year of research, development, and consultation with the board and industry experts.
In order to create awareness about diamonds and their origins amongst buyers, the SGL Diamond Report includes a detailed description of the diamond’s 4Cs – Colour, Clarity, Cut, and Carat Weight along with the nature of the origin of the diamond, whether lab-grown or mined. We also provide a plotted diagram of the diamond’s characteristics along with a graphic representation of its proportions.
This story is from the November - December 2020 edition of The Retail Jeweller.
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This story is from the November - December 2020 edition of The Retail Jeweller.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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