Price and transparency warning for laboratory produced stones in the diamond industry

Stating that some players in the diamond jewelery market have launched collections containing laboratory-produced stones, Yiğit Akgün made the following evaluation on the subject: "The carat price of laboratory-produced stones, whose carat price was 1,800 dollars three years ago, has decreased to 50 dollars today. Despite this, laboratory-produced stones can be offered to consumers at prices close to natural diamonds with high profit margins. A solitaire ring produced from laboratory-produced stones, which costs 50 dollars per carat, is sold for 1,000 dollars." "However, there is an important point that should not be forgotten here: The production capacity and supply of laboratory-produced stones are increasing rapidly. If these stones, which can be produced in millions today, be produced in much higher quantities in the future, this will definitely lead to a decline in the price."

Stating that laboratory-produced stones are defined as "synthetic" or "artificial" within the framework of the decisions taken in Russia, France, India and Belgium on a global scale, Akgün also stated that in these countries, these stones are sold in grams instead of carats.

He stated that a similar regulation has been made in Turkey in order to inform the consumer accurately and transparently. Akgün said, "We will see together how those who sell laboratory-produced stones at high prices today, which is uncertain to what extent they will retain their value in the future, will approach returns or exchange requests from their customers in the coming years."

Emphasizing that one of the elements that makes a marriage proposal special is a natural diamond solitaire ring, Akgün continued his words as follows: "We do not see natural diamonds as a jewel that is bought only today. Natural diamonds have a spiritual value that can be passed on from generation to generation with the story and emotion they carry. The ring given in a marriage proposal turns into a memory that can be transferred not only to that moment but also to children and grandchildren years later. We do not believe that a marriage proposal made with a laboratory-produced stone has the same meaning. The marriage proposal is a real one." It is the expression of emotion; we believe that this emotion gains meaning with real diamonds.”