Recently at the JCK LV Show Al Cook, CEO-De Beers said media that the Lightbox factory in Gresham, Oregon, will stop Lab Grown Diamonds (LGDs) of the useful quality for jewellery. He said, they will focus on the LGDs production of industrial quality for technology!
Lightbox Lab in Portland, Oregon, can grow a 1 carat stone in about two weeks, entirely from 100% renewable wind power. What’s more, our state-of-the-art technology can alter the chemistry of the growing process to create lab-grown diamonds not just in white, but also in blue and pink.
Previously just in the May, Lightbox lowers LGDs retail prices by more than a third! De Beers Group’s LGD brand reduces pricing to reflect price declines in the LGD jewellery sector, with prices now starting at $500 per carat.
De Beers Group’s wholly-owned lab-grown diamond jewellery brand, Lightbox Jewelry, announced a permanent price reduction to as low as $500 per carat, from a previous price of $800 per carat, for the brand’s Standard range of lab-grown diamonds.
In the context of lowering price, Sandrine Conseiller, Chief Executive Officer of De Beers Brands, said: “The wholesale prices of lab-grown diamonds in the jewellery sector continue to decline, and we are pleased to pass on these savings to our customers.
These lower prices will ensure that the brand remains competitive within this fast-evolving sector, while continuing to offer high quality lab-grown diamonds produced with 100 per cent renewable energy.”
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