
- Ben Burne -August 22, 2023
THE FUTURE OF THE DIAMOND INDUSTRY
By Benjamin Burne, CEO, White Pine Diamonds
The diamond industry has always been a dynamic and fascinating market, shaped by shifting consumer preferences, technological advancement, and global economic forces. As we look at where the industry stands today, several clear patterns have emerged — patterns that will likely define the road ahead for retailers, buyers, and sellers alike.
INDUSTRY TRENDS SHAPING THE MARKET
BIGGER PIECES AND STATEMENT JEWELRY
Despite the rise of lab-grown diamonds, there remains a strong and sustained demand for larger, more impactful pieces of finished jewelry. Customers continue to invest in statement diamonds — the allure of owning something remarkable and sizable has proven resilient. This segment of the market remains healthy, even as pricing pressures emerge elsewhere.
LAB-GROWN DIAMONDS CHALLENGING COMMERCIAL JEWELRY
Lab-grown diamonds are presenting the greatest competitive challenge to natural diamonds in the SI2 to





