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Guangzhou Diamond Exchange signs agreement to promote lab-grown diamonds
The agreement was signed at the China International, Gold Jewellery & Gem Fair in Shenzhen
By: Diamond World News Service
Apr 24 2019 10:46AM
Reference: 18173  


A strategic agreement has been signed by major Chinese synthetic diamond companies and Guangzhou Diamond Exchange to synthetic diamonds as a product in the market. 

The agreement has been made in the light of China's volatile market and to make the supply of lab-grown diamonds more consistent.

“The high-tech genes of lab-grown diamonds, the ability

  • for
  • stable supply, and its outstanding appearance,
  • which is the
  • same as natural diamonds, have opened a window for this new material,” said GZDE chairman Zhu Yongsheng. “In addition to the innovative application in jewelry through creative design, it could
  • create
  • cross-border development with other industries.” 

    The GZDE will promote lab-grown-diamond trading as a separate business, with synthetics dealers using a new GZDE logo that references them as a lab-grown seller, the exchange said. 

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