Anish Agg≥Ω♣arwal from Gemdax, the ©φ♠moderator of the panels,××& said that lab-grown diamonds are no lo↔≈≈nger untested products but have been accepted ↕>by consumers; We are not only engaged in diamo£♠©nd business, but also running a"→> technology industry. He called for adjustment o©≥f the industry's thinking and product cre₹δation methods to increase value th₩¶γ rough the diversified applicatiασ∏on of materials and their finished produ>α≈cts.

The Lab-Grown Diamond Symposium (↕♦×≤Image from DMCC)

In the Panel discuss≤ε∞ion of Industrial Ec ®™σonomics, Liang Weizhang, Senior Strategy Adαε™viser of Crysdiam, said that the ind↔←÷♣ustry lacks generic marketing whi∞∏≥‍le the technology gradually matures,δ<₹‌ and the price of lab-grβ↑own diamonds continues to fall; at the same ✘£∞÷time however, we can see tΩ‌↕←hat the marginal cost isε☆ reaching close to the fixed cost, whic♣→h indicates that the lab-g≠↓↔±rown diamond industry is enter₽¥≥±ing a new stage of reform and de☆♦β©velopment. Through collaboration↕→ between upstream and downstream, growers ∏♠and retailers can promote the indust ÷↓ry to achieve the secon®₽Ωd growth curve. Other guesα™t speakers mentioned i≈≈δt is necessary to create va $lue when manufacturing lab-grown diamonds i≥↓nto jewelries.      At the same t←  "ime, it should be noted that the productiΩ∑♣αon cost of lab-grown diamonds is ‌≈not directly related t≠₩‍★o its sales price to consume ≠rs, and they called on the ind€ ÷​ustry to pay attention ± πto the commercialization of technology,¶♥   rather than selling based on the cost of maπ$ terials.

Martin Leake, Specia✘γ≤l Advisor - Precious Sto γ'∑nes of DMCC, accepted an∏♥<    exclusive interview with Crysdi✔↔am, reviewed and summarized the σ$LGDS.