China Bourse to Promote Lab-Grown Diamonds

RAPAPORT... The Guangzhou Diamond Exchange (GZDE) has signed a strategiccooperation agreement with China's major synthetics suppliers to develop andpromote lab-grown diamonds in the country, the bourse said Tuesday. The parties signed the contract last week during a forum onthe benefits of synthetic stones that took place during the 2019 ChinaInternational, Gold Jewellery & Gem Fair in Shenzhen. The partnership is an effort to provide consistent demandfor lab-grown diamonds in China's fluctuating market, GZDE explained. "The high-tech genes of lab-grown diamonds, the ability[for] stable supply, and its outstanding appearance, [which is the] same asnatural diamonds, have opened a window for this new material," said GZDEchairman Zhu Yongsheng. "In addition to the innovative application in jewelrythrough creative design, it could [create] cross-border development with otherindustries." The GZDE will promote lab-grown-diamond trading as aseparate business, with synthetics dealers using a new GZDE logo thatreferences them as a lab-grown seller, the exchange added. Image: Lab-grown diamond exhibit at the Forum. (Ghuangzhou Diamond Exchange)