Grown Diamond Corporation

China Bourse joins Lab-Grown Diamonds Enthusiasm

China Bourse to Promote Lab-Grown Diamonds

Recently, the Guangzhou Diamond Exchange (GZDE) signed a cooperation agreement with a number of China’s synthetic diamond suppliers to manufacture and promote lab-grown diamonds in China.

 

China’s Diamond Market

 

China’s market has, in recent months, been volatile. In such a situation, the country's diamond industry  has taken this step to make the supply of lab-created diamonds more steady and consistent.

 

The Diamond Administration of China states that China is one of the largest diamond-buying nations, second only to the USA. Experts have estimated 15% growth in the diamond market in China in the coming years. When it comes to luxury goods, experts have predicted that China will surpass Japan in consumption.

 

High Diamond Demand

 

The diamond market is being considered a good business opportunity for small and large traders to diversify their business profiles as the demand for diamonds has increased manifold in the last few years. Customers are looking for quality at reasonable prices, both parameters that laboratory-grown diamonds satisfy.

 

Guangzhou Diamond Exchange Agreement

 

The two parties reached an agreement at the 2019 China International Gold Jewellery & Gem Fair in Shenzen. The reasons for this agreement are:

The synthetic diamond dealers will use a new GZDE logo that references them as lab diamond sellers.

 

The future of lab-grown diamonds in China

Reports suggest that China’s lab-grown industry might reshape the global gemstone industry. (Business Times, Feb 2019) However, analysts want to wait and watch how the perception of consumers pans out. It is that which will decide China’s chances of turning into a major supplier of lab-grown diamonds.



{"AutoID":5,"DateCreation":"\/Date(1605034385110)\/","DateModified":"\/Date(1701148492610)\/","CreatedBy":null,"ModifiedBy":"Rahul Bohra ","RecordStatus":"A","Title":"China Bourse joins Lab-Grown Diamonds Enthusiasm","SubTitle":"Discover how China\u0027s growing demand for diamonds and adoption of lab-grown diamonds are reshaping the global gemstone industry. ","Description":"\u003cp\u003eRecently, the Guangzhou Diamond Exchange (GZDE) signed a cooperation agreement with a number of China\u0026rsquo;s synthetic diamond suppliers to manufacture and promote\u0026nbsp;\u003ca href=\"https://www.growndiamondcorp.com/\"\u003elab-grown diamonds\u003c/a\u003e\u0026nbsp;in China.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch2\u003e\u003cstrong\u003eChina\u0026rsquo;s Diamond Market\u003c/strong\u003e\u003c/h2\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eChina\u0026rsquo;s market has, in recent months, been volatile. In such a situation, the\u0026nbsp;country\u0026#39;s \u003ca href=\"https://www.growndiamondcorp.com/\"\u003ediamond industry\u0026nbsp;\u003c/a\u003e has taken this step to make the supply of\u0026nbsp;\u003ca href=\"https://www.growndiamondcorp.com/blog/types-of-lab-grown-diamonds/\"\u003elab-created diamonds\u003c/a\u003e\u0026nbsp;more steady and consistent.\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Diamond Administration of China states that China is one of the largest diamond-buying nations, second only to the USA. Experts have estimated 15% growth in the \u003cstrong\u003ediamond market in China\u003c/strong\u003e in the coming years. When it comes to luxury goods, experts have predicted that China will surpass Japan in consumption.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch2\u003eHigh Diamond Demand\u003c/h2\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe diamond market is being considered a good business opportunity for small and large traders to diversify their business profiles as the demand for diamonds has increased manifold in the last few years. Customers are looking for quality at reasonable prices, both parameters that\u003cstrong\u003e\u0026nbsp;laboratory-grown diamonds\u003c/strong\u003e\u0026nbsp;satisfy.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch2\u003eGuangzhou Diamond Exchange Agreement\u003c/h2\u003e\r\n\r\n\u003ch2\u003e\u0026nbsp;\u003c/h2\u003e\r\n\r\n\u003cp\u003eThe two parties reached an agreement at the 2019 China International Gold Jewellery \u0026amp; Gem Fair in Shenzen. The reasons for this agreement are:\u003c/p\u003e\r\n\r\n\u003cul\u003e\r\n\t\u003cli\u003e\r\n\t\u003cp\u003eThe high-tech quality of man-made diamonds\u003c/p\u003e\r\n\t\u003c/li\u003e\r\n\t\u003cli\u003e\r\n\t\u003cp\u003eLower costs and superior quality, the same as mined diamonds\u003c/p\u003e\r\n\t\u003c/li\u003e\r\n\t\u003cli\u003e\r\n\t\u003cp\u003eThe ability to have a stable supply of real diamonds\u003c/p\u003e\r\n\t\u003c/li\u003e\r\n\t\u003cli\u003e\r\n\t\u003cp\u003eApplication in creative design as well as other industries\u003c/p\u003e\r\n\t\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\r\n\u003cp\u003eThe \u003ca href=\"https://www.growndiamondcorp.com/blog/why-real-synthetic-diamonds-are-cost-effective/\"\u003esynthetic diamond\u003c/a\u003e dealers will use a new GZDE logo that references them as lab diamond sellers.\u003c/p\u003e\r\n\r\n\u003ch2\u003e\u0026nbsp;\u003c/h2\u003e\r\n\r\n\u003ch2\u003eThe future of lab-grown diamonds in China\u003c/h2\u003e\r\n\r\n\u003cp\u003eReports suggest that China\u0026rsquo;s \u003ca href=\"https://www.growndiamondcorp.com/blog/the-future-of-lab-created-diamond-industry-seems-shining-bright/\"\u003elab-grown industry\u003c/a\u003e might reshape the global gemstone industry. (Business Times, Feb 2019) However, analysts want to wait and watch how the perception of consumers pans out. It is that which will decide China\u0026rsquo;s chances of turning into a major supplier of lab-grown diamonds.\u003c/p\u003e\r\n","FromDate":null,"ToDate":null,"Image_Url":"GZDE_Guangzhou_Diamond_Exchange.jpg","Image_Alt":"China Bourse to Promote Lab-Grown Diamonds ","KeyWords":"lab grown diamonds, lab created diamonds, synthetic diamonds, manufactured diamonds, lab grown diamond price, laboratory grown diamonds","MetaDescription":"China\u0027s growing demand for diamonds drives the rapid expansion of lab-grown gems. 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