What are your concerns to start lab-grown diamond business

How to eliminate the impact of price changes

The price fluctuation of lab-grown diamonds may be a major problem that troubles jewelry brands and distributors. However, the price of jewelry products is not directly equal to the simple superposition of their raw material prices. As a branded jeweler, what should be considered more is how to achieve the added value of the brand.

DMCC Executive Chairman and CEO Ahmed Bin Sulayem pointed out that when people purchase an artwork, they not only pay for the canvas and paint, but also receive the unique artwork itself; Similarly, selling lab-grown diamonds purely as commodities is like focusing solely on the pigments on Picasso's paintings; The urgent task is to consider how lab-grown diamonds can make good use of innovation opportunities to achieve a premium.

When faceing with consumers’ questions about the value of lab-grown diamonds, Jean Dousset's answer is also worth learning: "We recommend purchasing a diamond as a sentimental piece, whether you choose lab or mined." The price of lab-grown diamonds allows consumers to choose products fit to their desires and preferences without compromise.

In addition, the production and manufacturing costs of lab-grown diamonds have also set a price bottom line. Looking ahead, the possibility of a significant drop in the price of lab-grown diamonds is unlikely. The consignment model commonly adopted in the US market can help jewelers to avoid the risk of hoarding inventory.

Now is the right time to start lab-grown diamond business.

How to solve the problem of stable supply

When launching lab-grown diamond collections, large and medium-sized jewelers must first consider the stability of the supply chain. At present, there is no collaboration between lab-grown diamond producers and retailers, and downstream demand has not been fed back to upstream production. Most producers and manufactures still simply follow the natural diamond principals of maximizing the value when producing lab-grown diamonds. Therefore, although the overall supply is sufficient, jewelers still find it hard to look for specific products and manufacturers with product research and development capabilities, resulted in the difficulties in obtaining stable supply.

However, through collaborative cooperation between upstream and downstream of the industrial chain, both the problems of price and supply could be solved. Retailers, traders and manufacturers can each leverage their respective advantages to achieve win-win situations and promote the development of the lab-grown diamond market.

Solutions from leading manufacturer

Crysdiam, as a leading producer of CVD lab-grown diamonds, is the preferred partner for jewelers to start their lab-grown diamond business.

1. Leading production scale and stable product supply

In 2013, Crysdiam took the lead in developing MPCVD reactor with complete intellectual property rights in China. After ten years of development, its production scale currently ranks among the top in the world.

Crysdiam is completely integrated through the supply chain

2. Self-developed equipments and excellent product quality

Crysdiam has comprehensive and leading patented technology, and is one of the few CVD manufacturers in the world that can produce lab-grown diamonds of DEF color as grown. The growth technology for fancy color lab-grown diamonds such as pink and blue diamonds is mature.

Crysdiam is successively awarded as National High-tech Enterprise and National Little Giant, etc.

3. Quick response supply chain, accepting personalized customization

Crysdiam vertically integrates supply chains from equipment research and development, rough stone production, cutting and polishing, to jewelry design and manufacturing. The fast response supply chain covering the entire chains can provide clients with customized, and standardized product design and production, as well as large-scale stable supply, effectively balancing personalized client demand and stable supply, supporting specific product development and marketing.

Crysdiam's entire product line can be customized according to the needs of clients

No matter you have any ideas, demands, or expectations for lab-grown diamonds, you are welcomed to communicate and connect with Crysdiam. We are willing to join hands with industry colleagues to embrace a rapidly growing lab-grown diamond market!