Diamond products have always been a rare, expensive and unique quality in the minds of consumers. Now, technology is revolutionizing the traditional diamond jewelry industry. In recent years, the global diamond jewelry industry is ushering in new development opportunities, that is, man-made diamonds. With the maturity of the relevant technologies, man-made diamonds have been commercialized in recent years, and the production process has improved so that man-made diamonds can be compared with natural diamonds.
Ida Diamonds is a California-based start-up and one of many companies that invest in the development of artificial diamond technology.
Reuters Zhang Yuhao: In my hands two diamond ring, one of which is ada Diamonds artificial diamond ring, you can observe, guess which one is artificial, you guess right? In fact, this is a human diamond ring, it is very difficult to distinguish them, because they can be said to be exactly the same appearance.
Jason Payne, founder and CEO of Ida Diamonds USA: From a chemical and structural point of view, they are identical, all carbon structures. However, man-made diamonds have fewer defects and defects than ordinary diamonds mined.
Now, traditional jewelry giants, including De Beers and Swarovski, are also launching products for artificial diamonds. According to Bain Consulting, the global market for man-made diamonds could reach $5.2 billion by 2023, or about 34.2 billion yuan.
Jason Payne, founder and chief executive of Ida Diamonds in the Us: Demand is booming, with the latest industry survey showing demand will grow by more than 10% a year over the next decade.
Thanks to improved production technology, the cost of making man-made diamonds has fallen by 90 per cent in a decade and their prices have halved in two years. The cost of making man-made diamonds per carat is now about $300, 30 per cent less than the cost of natural diamonds. What’s more, man-made diamonds take only a few weeks to make, while a natural diamond takes billions to form.
In addition, some research institutes say that the production of man-made diamonds affects only one-seventh of the environmental impact of natural diamonds, including less water use, carbon emissions and land impacts.