De Beers slashed the price of its lab grown diamond brand, Lightbox, to $500 per carat from $800. Robert – stock.adobe.com For many years, De Beers had fought the trend towards LGDs, disparaging ...

De Beers Group said Thursday that it plans to close Lightbox, its lab-grown diamond jewelry brand, saying that the closure reinforces its “commitment to natural diamonds in the jewelry sector ...

De Beers rough diamond sales declined by 40%, from $6 billion in 2022 to $3.6 billion in 2023, as competitive pressure from lower-cost lab-grown diamonds increased.

De Beers made one of the steepest cuts to its diamond prices in years, as the world’s top producer tries to revive gem sales after the market ground to a halt.

De Beers Reckons With Price Plunge The brand made mined diamonds synonymous with love and devotion. Now the CEO decries what he calls a ‘huge con’ in lab-grown stones masquerading as precious.

De Beers has accumulated the biggest stockpile of diamonds since 2008, the Financial Times reported. Weak demand and rising competition from lab-grown products are weighing on the diamond titan.

Oregon Tech De Beers’ Oregon diamond factory will shift from jewelry to industrial gems Updated: May. 12, 2025, 9:22 a.m. | Published: May. 09, 2025, 9:50 a.m.

De Beers Group, in partnership with business incubation company Raizcorp, has launched the third intake of the Enterprise Development Project for Diamond Beneficiators, aimed at supporting and ...