Guangzhou Diamond Exchange signs agreement to promote lab-grown diamonds

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.