Angara Ecommerce Pvt. Ltd.’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

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

How? Where? Who? These are all questions modern diamond consumers have about natural diamonds, and up until now, they have been left in the dark. GCAL by Sarine's Diamond Journey™️ Traceability lifts the curtains and shines a bright light on diamonds’ entire journey by taking consumers on a digital adventure from mine to masterpiece. Learn more about our traceability solution here >> https://lnkd.in/e6FufEJC #GCALbySarine #diamondtraceability #diamonds #diamondreport

Uncover the key differences between Natural vs. Lab-Grown diamonds to make informed choices in the diamond industry. At Liquid Diamonds, we currently specialize in natural diamonds, prioritizing quality and authenticity in every stone. #LiquidDiamonds #DiamondSourcing #NaturalDiamonds #LabGrownDiamonds #DiamondLiquidity

Join Randy Lightfoot, CG, as he reveals the impact of CPF on diamond assessment. Explore its effectiveness in distinguishing natural from lab-grown diamonds. Don't miss out on this insightful discussion! https://lnkd.in/grnEaEyT

Lab diamond future…. Taking over 50 % of Center stone for Engagement rings that is big change our industry will see and we all are witnessing those new change .. And acception of Lab diamond.. https://lnkd.in/e2EfmqM6

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

This is beyond tragic for the diamond industry. How can our industry create false illusion of value based on deceptive grading reports and illusion of value in a synthetic product. To restore trust with consumers who have been led to believe synthetic diamonds have some semblance of secondary value will take a generation. It is time to put this false narrative to rest. Synthetic diamonds are not a representation of love and commitment. They are not real, rare or responsibly sourced. They do not improve the lives of those communities that rely on the value that was derived from a natural gift. Enough is enough.

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.