China Bourse to Promote Lab-Grown Diamonds

23/04/2019

The Guangzhou Diamond Exchange (GZDE) has signed a strategic cooperation agreement with China’s major synthetics suppliers to develop and promote lab-grown diamonds in the country. 

The parties signed the contract last week during a forum on the benefits of synthetic stones that took place during the 2019 China International, Gold Jewellery & Gem Fair in Shenzhen. 

The partnership is an effort to provide consistent demand for lab-grown diamonds in China’s fluctuating market, GZDE said Tuesday. 

“The high-tech genes of lab-grown diamonds, the ability [for] stable supply, and its outstanding appearance, [which is the] same as natural diamonds, have opened a window for this new material,” said GZDE chairman Zhu Yongsheng. “In addition to the innovative application in jewelry through creative design, it could [create] cross-border development with other industries.” 

The GZDE will promote lab-grown-diamond trading as a separate business, with synthetics dealers using a new GZDE logo that references them as a lab-grown seller, the exchange added. 

China Bourse to Promote Lab-Grown Diamonds