Angara Inc.’s Post

The diamond industry is in trouble! Our CEO Ankur Daga highlights the rapid growth of lab-grown diamonds as the core issue for declining natural diamond prices. He also talks about the diminishing appeal of natural diamonds as an investment in a recent CNBC article by Ying Shan Lee. Read the full piece here: https://lnkd.in/gP6XR-a2

“The natural diamond industry cannot stay idle. Industry participants now have a unique opportunity to step up and support the desirability of natural diamonds.” In other words it’s now or never! Short and interesting report that efficiently says it all! #naturaldiamonds #diamondindustry #labgrowndiamonds https://lnkd.in/dJa9Dczr

While diamonds can be valuable assets, they don't always function like traditional investments. Their value can fluctuate based on various factors such as market demand, rarity, and quality. It's essential to research and understand the diamond market before considering them as investments. Diamtrader

With lab-grown diamonds on the rise, the natural diamond industry is facing significant challenges. Revenues are plummeting, and consumer preferences are shifting toward affordable alternatives. Discover how the industry is adapting to this new landscape and what the future may hold in our latest #CRISILPerspective: https://lnkd.in/gZENuWSv #CRISIL #DiamondIndustry #NaturalDiamonds #ConsumerPreference

Diamonds can be classified into two categories: natural and lab grown. Natural diamonds are formed over millions of years in the earth’s mantle, while lab-grown diamonds are created in a laboratory using advanced technology. While both types of diamonds share similar physical and chemical properties, there are subtle differences that can be detected through the testing process. DANAT's pioneering Diamond Testing services unveils the nuances that set them apart. Contact us on +973 38000426 to gain a comprehensive evaluation of your diamond’s quality and authenticity. #CertifyForCertainty #DanatInstitute #DanatDifference

A suggested entry point: 01:29:14 (to the webinar below). A presentation delivered 3 years ago proves a striking, and sad mirror to today's deep diamond demand decline, as forewarned, and now reported through #Rapaport https://lnkd.in/e_6sCDYX

Inside the Emergence of Lab-Grown Diamonds and How They Could Shape the Industry. Diamonds, like gold, have long been prized as a store of wealth but as an endless supply of man-made versions flood the market, the value for both natural and lab-manufactured versions is in question. Read More: https://lnkd.in/gHsHE_pJ #LuxuryCruxx #LuxuryConnect

Daniel Scott I am a relative newbie to LGD but based on my past few years trying to keep informed I have concluded that almost each and every scenario on the trajectory of LGD has been discussed and beat to death. I also think that the steep decline in LGD prices over the last few years took everyone by surprise. Ironically the anti- LGD camp who predicted LGD will become worthless can claim that they were right. I don’t think there is much to gain revisiting the deliberations of the past. Our energy should be spent on mapping the future. Sadly the mined diamond cartel and their proxies including NDC and CIBJO’s cannot see it clear to embrace LGD and doing their overt and not so subtle LGD bashing. The jewellery media remains sentimental to mined diamonds. The reality is that LGD is here to stay and will gradually change the consumer perception of diamonds. They are not rare nor unaffordable. The challenge is to create a new story sans rare and expensive. Luxury need not be expensive. It need not be an investment. It need not have a resale value. I am well aware that creativity and innovation may more likely come from an individual like Jobs. However the LGD space is totally disorganised today and needs a unified voice. The consumer is totally confused. So I invite you to join forces with tom (thomas) chatham Martin Roscheisen @Amish Shah Tej Singh and myself and many others motivated stakeholders to create an effective LGD Council. There is not much to gain to look back on what could have been. The future is bright for LGD. Let’s make sure our industry is built on solid foundations to serve the consumer while providing a livelihood for LGD stakeholders. We need not worry about the future of the mined diamond industry. If they don’t change their bad habits they will become irrelevant. The best we can do is excel in what we do. So let’s look to the future. Human progress is about achieving more with less. This is the promise of LGD. We should celebrate what LGD has to offer to consumers and scientific applications.

Rhona OConnell of StoneX Group, an expert in precious metals, explores silver's strategic value in an investment portfolio, discusses global demand trends as well as some of the key drivers affecting its price, and much more in this insightful video. Watch the full interview here: https://bit.ly/3UWPzjx