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De Beers slashes price of lab-grown diamonds by nearly 40%

Diamond giant De Beers has cut the price of its lab-grown rough by nearly 40%, citing a plunge in wholesale prices, the London-based company said on Friday. This engineered gemstone has become popular among frugal diamond buyers, with its price reduced from $800 to $500 per carat, a 37% discount. De Beers, which makes lab-grown […]

Company reportedly pares back prices of its diamonds this month

Jewelers of America PR Director Amanda Gizzi explains the difference between lab-grown diamonds and natural diamonds on Varney & Co. De Beers has reportedly reduced the price of diamonds. bloomberg reported on Monday Anonymous sources told the outlet that diamond miners and sellers applied the price cuts to the first jewelry sales of the year. […]