Bumpy Ride Ahead Amid Synthetic-Diamond Shake-Up

October 8, 2023

The diamond industry will remain under pressure as geopolitics and the rising popularity of lab-grown cause a fundamental restructuring of the market, cautioned Rapaport Group Chairman Martin Rapaport.

“We’re in for a bit of a bumpy ride over the next year or so,” Rapaport said in a webinar last week. “There will be unprecedented change as the real-diamond business repositions itself in the face of stiff competition from synthetics.”

Learn more about this topic by Avi Krawitz as seen in Rapaport.

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