As a technologist involved in the jewelry industry, it’s a fresh perspective to be able to apply concepts from both industries to trends in each domain. The emergence of new technologies that enhanced lab made diamond offerings has triggered a new dynamic to an industry which was often faced with supply constraints – the endless supply of a technologically advanced fabrication process.
“Lab-made diamonds are the result of a technological process which means their prices will drop like any other technological innovation, an effect described by Moore’s Law. Our team predicts that as the prevalence of lab-created options increases in the market, their wholesale rates could drop 20-40% – due primarily to the prospect of unlimited supply and increasingly lower production costs,” explained Punit Shah, chief marketing officer at MyTrioRings.com.”
Forbes.com (Sept 2nd, 2017)
