Laboratory diamonds in Israel

Looking back on 2019, one can declare that there is no commercial issue that has attracted so much attention as the labratory diamonds have earned. From the time a new and prosperous market for laboratory diamonds began to flourish in Israel, many diamond companies saw it as an invitation to change the rules of the game and began to adopt more of the method,

Using the professional production process that takes place on the Diamond Exchange under strict international standards. The Diamond Jewelry brand Green Diamonds reviews the past year in the field, answering the “question” about purchasing the diamond type and also revealing why the Jewish people’s diamond relationship is so deep and so valuable.

2019: Laboratory diamond sales doubled

Lab diamonds are beginning to gain the right consciousness among consumers and become the preferred purchase option due to the cheap price and environmental eco-pan that characterize them, though the expectation is that this diamond market will grow by 22% each year.

Growth will come from technology that will continue to improve and add more and more to price declines, but it will also come from the general public looking for (and finding!) a way to enjoy diamond jewelry, bags, clothing and watches without having to mortgage the house for them. In addition, experts say that mid-2019 has already shown an 18x increase in lab diamonds sales: sales of products such as diamond necklaces, tennis bracelets, diamond rings and diamond earrings.

Should I buy laboratory diamonds or natural diamonds in Israel?

Today’s challenge in Israel rests on the ancient debate – do laboratory diamonds threaten the natural diamond market? Well, diamonds have the love element. The object of passion and prestige.

They are a non-renewable source and therefore naturally limited, which causes the price of natural diamonds to remain high due to their rarity. However, when the consumer can enjoy a quality diamond and even greater than the natural at a lower price, he has no reason to refrain from purchasing. And this is where the problem lies: Do laboratory diamonds actually make the diamond stone less rare and much more common?

Today, this is a difficult question to answer. Despite the increase in popularity, the labratory diamond sales still account for only one percent of all diamond transactions in Israel in the past year. Today, the Diamond Exchange seeks to find a way to explain to the public that the natural diamond retains its value compared to the laboratory diamond.

And when you know, for example, a labratory diamond does not retain its long-term value though it is considered a real diamond for all intents and purposes – you can buy more wisely.

For example, a person who wants to purchase a beloved engagement ring can choose whether he buys a lab diamond ring and thus gives an exciting and unique diamond to his beloved only, or whether he buys a natural diamond ring that he or his children can sell for a higher monetary value over time.

If you ask us, most people who buy a diamond and dedicate it to a very dear person do not do so to sell it down the road and get rid of it. Buying a jewel is a gesture of love, of recognition and much appreciation and is designed to give meaning and sentimental value to a special person, to symbolize extraordinary moments of life and to become an object with life characteristics and memories. Certainly not for the sake of making future profits.

 

So why do Jews love diamonds so much?

Diamonds tell the story of the ancient Jewish people ever since. Thanks to the diamonds, the Jews managed to survive even in difficult times of persecution and anti-Semitic revelations, to enjoy a strong economy that continues to evolve and allow themselves to purchase luxury and symbolic diamond jewelry for loved ones.

Ironically, there is an ancient relationship between the Jews and the diamond industry. The word diamond is mentioned in the Bible as one of the gems that decorate the high priest’s clothing. Throughout history many Jews have excelled in trade and business management, including that of good stones and diamonds.

Thanks to this commercial branch, they could continue to survive whenever they experienced riots or threats to their lives as a community and used to smuggle their diamonds elsewhere.

Already in the country since the establishment of the state there was a close relationship between the Jewish people and diamonds. Many immigrants have enjoyed diamond and gemology studies from European countries seeking to assist the new country and even import special polishing machines to Israel after the mythological British customs on rough diamonds were imported into the State of Israel. Subsequently, the Exchange was established to become a world diamond trading center, exporting diamonds to hundreds of billions of dollars each year.

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