January 2023 | Lab Grown Magazine

January 2023 | The Lab Grown Diamond Resource Book 26 Mailed to 24,000 Jewelers Monthly - To advertise call (888) 832-1109 | January 2023 27 Dan Scott is the founder and brand architect of New York/metro’s Luxe Licensing, a digital original content production facility, marketing and licensing agency catering to established, newly launched or relaunched luxury and demi- fine brands. Current and past clients include Chanel, Gucci, Harry Winston, Studio by Henry Dunay, Crevoshay, Tess Sholom Designs and other non-jewelry based properties. Dan welcomes conversation and may be reached through www. LuxeLicensing.com, dans@luxelicensing.com or texting +1 201 294 3697 . Tit for Tat A final overview of China shows the country captured the greatest market share: Over thirty-four percent in 2021, with growth set to continue to 2030, as the nation undergoes newfound industrialization and while its closed Covid doors have recently been unlocked. This attached to some surprising new revenue from the country’s leading luxury designer competitors, like “I do,” a diamond jewelry company that recently added several countries to their exporting plans. LAB-GROWN DIAMOND MARKET SHARE: 2022 On the other hand, India has companies like Natures Diamond, the first Indian firm to sell mined and man-made diamonds, a rarity in the country. Add the proliferation of 4G/LTE networks and the IoT (Internet of Things) have India pushing electronics goods and the goods sold on electronic things. Programs like ‘Digital India’ and ‘Smart City’ are producing LGD exclusive projects while heavy investments are going into faster, more personalized forms of online diamond shopping – consumers and trade alike. India’s deep dive in all thing’s internet is proving to be a dynamic diamond divide. It pales over any plans China has to retool their often clumsy attempts to communicate online with attempts to appear as American as possible. One of China’s most successful designer “look-alike” brands is expanding far beyond its once closed Covid borders. A key selling aspect is the use of China- produced LGDs. Photo: I Do, Inc. For the balance of 2023, watch for China vs. India diamond headlines. Potential political challenges, tariffs, quality control and global grading report-related news awaits. ◊ While Natures Diamond was the first and appears to remain the only brand to sell natural and man-made diamond designs under one roof, some jewelry, like these diamond drop earrings are offered in 18k or 14k white, rose or yellow gold, but only LGDs. Normally, all of Natures Diamonds’ designs are offered in mined or man-made stones. Photo: naturesdiamond.in