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Synthetic diamonds are produced via high pressure, high temperature or chemical vapor deposition (CVD) technology. These diamonds have numerous industrial and commercial uses including cutting tools, thermal conductors and consumer diamond gemstones.
ALTR Created Diamonds is a division of the R.A. Riam Group, a wholesale jeweler based in New York City. [2] The principles of Riam Group were heirs to a heritage of 80 years in the mined diamond business, when they released their first lab-grown diamond. [3] Riam introduced ALTR Created Diamonds at JCK Las Vegas trade show in 2016. [4]
The invoices for the diamonds were traced to a company called Su-Raj Diamonds and Jewelry USA in New York that was co-owned by Jatin Mehta, the majority owner of Gemesis, along with a junior partner named Ashok Bhansali. [11] The same company was reported to house the central inventory of diamonds for Gemesis itself. [11]
Forget bling, De Beers has found a surprising use for lab-grown diamonds outside of luxury jewelry, and business is booming Prarthana Prakash Updated December 9, 2024 at 12:24 PM
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In 2023, sales for wholesale polished diamonds fell 20%. Elissa Sommers, the CEO and head jewelry designer of Los Angeles-based Elissar Couture, said she does not sell lab-grown diamonds in her ...