De Beers Group Intends To Close Its Lab-grown Diamond Jewellery Brand Lightbox
The closure will enable De Beers Group to reallocate investment to initiatives focused on reinvigorating desire for natural diamonds through category marketing
The closure will enable De Beers Group to reallocate investment to initiatives focused on reinvigorating desire for natural diamonds through category marketing
Projected to account for about 16 per cent of the global diamond market by 2029, lab-grown diamonds are gaining ground as evolving consumer values favour them over natural ones.
India’s diamond industry faces a big setback as the country’s cut and polished diamond (CPD) exports are projected to decrease by 25-30 per cent in the current fiscal year. A report from Care Ratings highlighted that this decline is expected to lead to a multi-year low in export earnings, with estimates ranging between USD 15-16 […]