And that includes any potentially upcoming makes an attempt to dam Russian polished diamonds. The collapse of Brisbane-based diamond tracing firm Everledger – entering liquidation with more than $AU19 million in debt – may assist the idea that ‘movement’ around provenance is fleeting rather than permanent. Consumers are being drawn to an alternative product the place they will maybe get a two-carat diamond as an alternative of a 50-pointer for a similar money. While many customers care concerning the ‘reality’ of diamonds and their origins, many are also unconcerned with the specifics. “What was once considered a long-term, distant risk to pure diamonds advanced in the early 2000s into a competitive proposition to the patron.” Improved manufacturing strategies and economies of scale have meant that production ranges have increased dramatically.

• Peek Inside Chanel’s First Jewelry Store in the USThe “golden jewel box” is positioned on Fifth Avenue in New York