Many natural diamond producers raise prices, and sales of cultivated diamonds in stores have skyrocketed by 300% – Teller Report Teller Report

Securities Times e company news, recently, the global production of rough natural diamonds has continued to decline, and the price of natural diamonds has risen significantly. Major natural diamond producers such as De Beers raised prices one after another. In this case, lab-grown diamonds receive more attention. The data shows that the penetration rate of lab-grown diamonds in China will increase from 4% to 6.7% from 2020 to 2021, and it is expected that the penetration rate of lab-grown diamonds in China will reach 13.8% by 2025. A sales person in charge of a cultivated diamond brand told reporters that with the improvement of consumers’ awareness of cultivated diamonds and the upgrading of consumption habits, the sales volume of cultivated diamonds in the domestic consumer market, especially in first-tier cities, has grown rapidly, and some stores even Achieved a 300% sales growth rate. (CCTV Finance)