Lab Growns are "Biggest Threat", says Namdia

By John Jeffay / August 07, 2023 / www.idexonline.com / Article Link

(IDEX Online) - Lab growns are the biggest threat to Namibia's diamond industry, according to Namdia, the state-owned trading company.Lelly Usiku, executive market development, sales and brand says they are increasingly popular in China, the biggest retail market after the US.Lab growns are filling a gap left by Alrosa's reduced production, following its invasion of Ukraine, she said, according to a report in Namibia's Windhoek Observer newspaper.Usiku also said consumers in the US were moving towards lab growns because of high inflation and interest rates.She noted that lab growns now cost from 60 per cent to 80 per cent less than Namibia's natural diamonds

Recent News

Canadian political turmoil with Trump trade policy the catalyst

December 23, 2024 / www.canadianminingreport.com

Canada and US import tariffs remain low

December 23, 2024 / www.canadianminingreport.com

Major metals not gaining much on China stimulus announcements

December 16, 2024 / www.canadianminingreport.com

Spectre of stagflation looms over base metals

December 16, 2024 / www.canadianminingreport.com

TSXV large gold gains overall, but a mixed story underneath

December 09, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok