Opportunities In The Other Responsible Natural Stone: Recycled Diamonds

Martin Rapaport, chairman of The Rapaport Group, which provides an online diamond trading network, as well as information to the diamond industry, told me, "The idea that we are going to run out of diamonds is nonsense One of the reasons is recycled diamonds." To date recycled diamonds remain largely an insiders' trade secret with little consumer awareness or recognition of this alternative to either new mined or lab-grown diamonds "There is added-value in recycled diamonds, what I call social value.

Recycled diamonds are great for Millennials because there is zero environmental impact They are the cleanest you are ever going to get." Of course, elevating recycled diamonds, of which there is an abundant supply, from a commodity to a prestige stone threatens the entire primary jewelry market "The Diamond Dream has become an illusion," writes Chaim Even-Zohar and Pranay Narvekar in the "2018 Diamond Pipeline Report," speaking to the disruption coming from lab-grown diamonds but could equally apply to recycled diamonds as well.

Janowski told me DeBeers dabbled in the recycled diamond market a few years ago, but backed off as it was negatively impacting the image of diamonds that it worked so hard to build up To the value question, Catbird states, "Recycled diamonds are still mined diamonds, which means they are finite and precious, so their value stays relatively the same, recycled or new." . Source