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China Bourse to Promote Lab-Grown Diamonds
Apr 23, 2019 7:23 AM
By Rapaport News
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RAPAPORT... 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, which is not a member of the World Federation of Diamond Bourses, 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.
Clarification, April 28, 2019: This story has been updated to clarify that the Guangzhou Diamond Exchange is not a member of the World Federation of Diamond Bourses.
Image: Lab-grown diamond exhibit at the forum. (Guangzhou Diamond Exchange)
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Tags:
Gold Jewellery & Gem Fair, Guangzhou Diamond Exchange, GZDE, Jewellery & Gem Fair, lab-grown diamonds, Rapaport News, Zhu Yongsheng
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