1. Lab-grown carats
The world’s biggest jeweller, Pandora, is switching exclusively to laboratory-made diamonds and will no longer sell mined diamonds. CE Alexander Lacik told the BBC the change was part of a sustainability drive. Lab-made rocks are about a third cheaper and demand grew to 6m-7m carats last year while mined stones fell to 111m carats from a peak of 152m in 2017. Production fell most in Russia, Canada, Botswana and Australia. De Beers, which supplies a fifth of the world’s mined diamonds, says output fell 18% last year...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.