Paul Zimnisky Releases New Report: "What a Mature Lab-Grown Diamond Jewelry Market Could Look Like"
Zimnisky believes there are four primarily characteristics that could shape the man-made diamond jewelry industry going forward
NEW YORK, Aug. 3, 2022 /PRNewswire-PRWeb/ -- Demand for lab-created diamonds has steadily grown in recent years. In 2018, the man-made stones represented <5% of total global diamond jewelry sales, this year the product is expected to breach 10% —and at this pace, 20% is possible by the end of the decade according to diamond industry analyst Paul Zimnisky.
As the lab-grown diamond market matures, Zimnisky believes that there are four primarily characteristics that could shape the industry: 1) limitless supply, 2) standard high quality, 3) branding and proprietary design, 4) and, custom shapes and colors.
In a report published on August 3rd, Zimnisky says that advancements in lab-diamond production capabilities and capacity will likely continue to boost output as well as the quality of the stones.
He notes, "despite, steadily increasing demand for man-made diamond jewelry over the last four years, relative prices have also steadily declined. This is presumably due to increases in supply and improvements in the quality of supply."
He notes that in mid-2018, a generic 1-carat VS1-clarity, G-color lab-diamond retailed for $3,625 while a natural equivalent retailed for $6,600. Today the same quality diamonds sell for $1,615 and $6,705, respectively.
"Eventually, almost all man-made diamonds will likely be of a universal-high-quality, which could render grading of lab-diamonds non-necessary…(which would) further reduce the price of man-made diamonds relative to natural," says Zimnisky.
He continues, "this will make branding and proprietary design of lab-diamond jewelry essential for those that want to market it as a luxury product."
That said, Zimnisky notes that lab-diamond as a material is unique in that it can be fabricated into jewelry in ways not possible or economic with natural diamonds, "this will allow lab-diamonds to drive incremental demand for the larger diamond industry as the product matures and develops its own identity."
Read the full report here which includes data charts and tables. Please read the full disclosure at the bottom of the page.
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Paul Zimnisky, CFA is a leading independent diamond industry analyst and consultant based in the New York metro area. His research and analysis on the diamond industry is used globally by financial institutions, management consulting firms, private and public corporations, governments, intergovernmental organizations and universities. More information can be found here. He can be reached at [email protected] and followed on Twitter @paulzimnisky.
For detailed analysis of the natural and lab-grown diamond industry, please inquire for information on consultation rates and custom research capabilities. For subscription information or to request a sample of Paul Zimnisky's State of the Diamond Market, a leading monthly diamond industry report which includes data, trends and forecasts, please contact: [email protected].
The Paul Zimnisky Diamond Analytics Podcast can be streamed for free here or on Apple Podcasts or Spotify. Recent guests include marketing legend Stephen Lussier, Arctic Canadian Diamond Company CEO Rory Moore and well-respected polished diamond wholesaler Mel Moss.
Disclaimer: The views expressed above are strictly that of Paul Zimnisky, and are based solely on observations and opinions. Paul Zimnisky has made every effort to ensure the accuracy of information provided, however, accuracy cannot be guaranteed. The information is strictly for informational purposes and should not be considered investment advice. Consult your investment professional before making any investment decisions. Paul Zimnisky does not accept culpability for losses and/ or damages arising from the use of the above content. Third party use of this content is only permitted with the permission of Paul Zimnisky.
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Paul Zimnisky, Paul Zimnisky Diamond Analytics, 1 917-806-4555, [email protected]
SOURCE Paul Zimnisky Diamond Analytics
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