Advertisement
Advertisement
Advertisement

Style Edit: De Beers drops lab-grown diamond jewellery to focus on natural stones

De Beers downgrades its previous interest in lab-grown diamonds for jewellery, to double down on natural diamonds, in all their colours and grades. Photo: Handout
De Beers downgrades its previous interest in lab-grown diamonds for jewellery, to double down on natural diamonds, in all their colours and grades. Photo: Handout
Style Edit

Lightbox, De Beers’ lab-grown jewellery brand, will close, as the Gemological Institute of America will no longer use 4Cs grading for artificial stones

In the rarefied world of jewellery, the brightest light apparently comes from the deepest origins. This year, the Gemological Institute of America (GIA) – the foremost arbiter of diamond standards for more than 90 years – has drawn an unmistakable line between the treasures of the Earth and their laboratory-made counterparts.

On June 2, the institute announced that by year’s end, its famed 4Cs grading system – cut, colour, clarity, carat – will no longer apply to lab-grown diamonds. Instead, man-made stones will receive simplified descriptors such as “premium” or “standard”, or no grade at all if they fall short.

Asscher-cut and cushion-cut natural diamonds, and clarity grading for natural diamonds. Photos: Handout
Asscher-cut and cushion-cut natural diamonds, and clarity grading for natural diamonds. Photos: Handout
Advertisement

For the GIA, this is no cosmetic change but a definitive separation of categories. More than 95 per cent of lab-grown diamonds fall within a narrow band of colour and clarity, making the precision of the 4Cs – developed to express the nuances of natural stones – irrelevant in the synthetic realm. From now on, the full vocabulary of rarity is reserved for gems formed over billions of years, under the unrepeatable pressures of the Earth’s mantle.

Diamond clarity gradings, now only applicable to natural diamonds. Photo: Handout
Diamond clarity gradings, now only applicable to natural diamonds. Photo: Handout

For natural diamonds, the move is a reaffirmation of their magic: no two are identical, each having singular growth patterns and inclusions, each its own geological signature. They hold value not only for their scarcity and beauty but for the stories they come to carry – of love, commitment, heritage and investment.

Engagement rings – from sketches to stone selection to the finished article. Photo: Handout
Engagement rings – from sketches to stone selection to the finished article. Photo: Handout
De Beers, whose history has helped define the cultural cachet of diamonds, is acting in concert with this shift. The group will close Lightbox, its lab-grown jewellery brand launched in 2018 with a flat US$800-per-carat price. Since then, wholesale prices for lab-grown stones have collapsed by 90 per cent, as mass production and supermarket sales have stripped away the premium. The decision frees De Beers to focus its resources on reinvigorating desire for natural diamonds – a central aim of its Origins strategy set out in May 2024.
A De Beers employee in Botswana sorts through rough diamonds with a loupe. Photo: Handout
A De Beers employee in Botswana sorts through rough diamonds with a loupe. Photo: Handout

Synthetic stones will remain in De Beers’ portfolio, but in a different arena entirely. Through its Element Six division, the company will continue producing lab-grown diamonds for advanced industrial and technological applications – from semiconductors to quantum computing – where performance, not romance, is the measure of worth.

As CEO Al Cook observes, the widening gulf between “factory made” and “Earth made” is only becoming clearer. With the GIA redrawing the rules and De Beers doubling down, natural diamonds are not just holding their position – they are reclaiming the narrative in a market where rarity is the ultimate luxury.

Select Voice
Choose your listening speed
Get through articles 2x faster
1.25x
250 WPM
Slow
Average
Fast
1.25x