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Grown Diamonds Contributing Steadily To The Gems & Jewellery Industry, Finds Frost & Sullivan

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Grown Diamonds Contributing SteadilyGrown Diamonds Contributing Steadily To The Gems & Jewellery Industry, Finds Frost & Sullivan PR Newswire SINGAPORE, March 27, 2014 - Positive consumer outlook for grown diamonds, but challenging supply side factors restrain their market potential Demand for colorless diamonds in value and volume terms is higher than any other color of diamond in the Gems and Jewellery Industry. One of the key factors that prevented the adoption of grown diamonds in the Gems and Jewellery Industry over the last two decades was the inability to grow colorless diamonds. With the recent technological advancements, this has changed dramatically, and colorless diamonds which are identical to mined diamonds, are being grown in many countries. New analysis from Frost & Sullivan, The Diamond Growing Greenhouses (http://www.industrialautomation.frost.com), based on a survey covering six large diamond buying countries, indicates high propensity of consumers to purchase grown diamonds. However, there are several unrecognized supply side factors that will affect the growth of grown-diamonds as a category. Taking these demand and supply side factors into account, Frost & Sullivan's latest research estimates the global sales revenue from grown polished diamonds by 2018.

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Published 27 March 2014
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Grown Diamonds Contributing Steadily To The Gems & Jewellery Industry, Finds Frost & Sullivan

PR Newswire

- Positive consumer outlook for grown diamonds, but challenging supply side factors restrain their market potential

Demand for colorless diamonds in value and volume terms is higher than any other color of diamond in the Gems and Jewellery Industry. One of the key factors that prevented the adoption of grown diamonds in the Gems and Jewellery Industry over the last two decades was the inability to grow colorless diamonds. With the recent technological advancements, this has changed dramatically, and colorless diamonds which are identical to mined diamonds, are being grown in many countries.