Now, Synthetic diamonds threaten natural diamonds
The diamond industry is currently at a critical juncture! -WFDB Recently, World Federation of Diamond Bourses [WFDB] President, Yoram Dvash, expressed about, A United Front for Natural Diamonds! The diamond industry is at a crossroads. In less than a decade, lab-grown diamonds have skyrocketed from obscurity to commanding over 20% of global jewelry sales—a dramatic shift reshaping consumer preferences. In the United States, the world’s largest diamond market, the majority of new engagement rings now feature synthetic stones. Prices for lab-grown alternatives continue to fall, and consumers are increasingly unable to distinguish them from their natural counterparts. But this is more than just a market trend—it signals a deeper cultural change. The enduring values of rarity, intrinsic worth, and emotional legacy that once defined natural diamonds are being overshadowed. As the essence of what makes a diamond special is diluted, ind...