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LGD was focal point at JCK 2023


A main focus of JCK 2023 was how growth in the supply of lab-grown diamonds will impact jewellery retail.


The lab-grown diamonds section featured the largest manufacturers from around the world, many of them from India.


Industry sources spoke of vigorous price competition in lab-grown diamonds led by Indian manufacturers.


Lab-grown diamond prices have fallen in recent times, driven by rising manufacturing output.


David Kellie, CEO of the Natural Diamond Council, told a panel discussion that retailers had approaching him lately, saying their sales of lab-grown diamond jewellery had eroded revenues compared to earlier times when they had sold higher value natural diamond jewellery.



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