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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.
Some high-end fine jewelers have gotten on board with the trend. In 2023, jeweler Jean Dousset, the great-great-grandson of Louis Cartier, opened a showroom with “designer” lab-grown diamonds ...
Blame man-made, or lab-grown, diamonds, for one thing. Other factors include inflation and weak demand in China’s luxury market.
Lab-grown diamonds of various colors grown by the high-pressure-and-temperature technique. A synthetic diamond or laboratory-grown diamond (LGD), also called a lab-grown diamond, [1] laboratory-created, man-made, artisan-created, artificial, synthetic, or cultured diamond, is a diamond that is produced in a controlled technological process (in contrast to naturally formed diamond, which is ...
According to jewelry industry analyst Paul Zimnisky, sales of these man-made diamonds have increased from under $1 billion in 2016 to just under $12 billion in 2022.
Gemesis Inc. was a privately held company located in New York City.The company grew synthetic diamonds using proprietary technology.. Gemesis had the world's largest facilities for both the high-pressure high-temperature (HPHT) and chemical vapor deposition (CVD) diamond production methods.
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