**Abstract**
The international diamond market in October appears to be relatively stagnant. The ongoing issue of synthetic diamonds being deliberately sold as natural ones continues to create uncertainty in the industry, shaking the long-standing belief that "Diamonds are forever." This problem is not just a minor disturbance—it's a significant challenge that affects the entire market.
A recent image highlights this concern, showing the growing tension between real and lab-grown diamonds. According to gem expert Martin Rapaport, there is nearly a 20% or higher price gap between natural and synthetic diamonds. With advanced production techniques, it has become increasingly difficult for buyers to tell the difference. This lack of clarity has led to a lack of transparency in the supply chain, creating confusion and allowing some sellers to pass off synthetic stones as natural at premium prices.
To address this, De Beers, one of the world’s largest diamond producers, has introduced a new synthetic diamond detection tool, which will be widely distributed. Meanwhile, the New York Jewelry Institute has also implemented a comprehensive identification system using technologies such as Raman spectroscopy, infrared absorption testing, and photoluminescence. These tools help ensure accurate diamond authentication and provide consumers with more confidence in their purchases.
For diamond sellers, large suppliers are now focusing on strengthening supply chain oversight and promoting transparency. Companies that fail to comply with industry standards may face public criticism or even legal action. Retailers will no longer be able to hide behind vague sourcing policies, as new regulations aim to eliminate ambiguity in the diamond trade.
In the U.S., the Federal Trade Commission (FTC) has mandated that all lab-grown diamonds must be clearly labeled with their composition. While this move is expected to intensify competition between natural and synthetic diamonds, it could also lead to significant price fluctuations in the mining sector. As synthetic technology improves, the cost of lab-grown diamonds is likely to drop further.
However, according to Martin Rapaport, the biggest threat isn’t just the price drop—it’s the ethical dilemma. If miners and sellers knowingly sell synthetic diamonds as natural without proper disclosure, they risk losing consumer trust entirely. He emphasized that the diamond industry needs stronger ethics and clearer regulations to maintain its credibility.
This evolving landscape shows that the future of the diamond market is uncertain, but with better transparency and stricter enforcement, the industry can adapt and remain viable for both buyers and sellers.
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