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De Beers Group announces intention to close Lightbox
| ''"'''"''"' | 05/12/25 |
| ''"'''"''"' | 05/12/25 |
| the walter white of this generation (walt jr.) | 05/12/25 |
| ''"'''"''"' | 05/12/25 |
| the walter white of this generation (walt jr.) | 05/12/25 |
| ''"'''"''"' | 05/12/25 |
| ,.,..,.,..,.,.,.,..,.,.,,..,..,.,,..,.,,. | 05/12/25 |
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Date: May 12th, 2025 3:00 AM Author: ''"'''"''"' They unleashed lab diamonds and it is coming back to haunt them
https://www.debeersgroup.com/media/company-news/2025/de-beers-group-announces-intention-to-close-lightbox-business |
Date: May 12th, 2025 3:01 AM Author: ''"'''"''"' De Beers Group today announces its intention to close its lab-grown diamond (“LGD”) jewellery brand, Lightbox, reinforcing De Beers Group’s commitment to natural diamonds in the jewellery sector. As part of the closure process, De Beers Group is discussing the sale of certain assets, including inventory, with potential buyers.
Lightbox, which was established in 2018, has highlighted that LGDs are a distinct product from natural diamonds, with different attributes and different value. The business was launched with transparent linear pricing of $800 per carat. Since then, LGD prices in the jewellery sector have fallen 90% at wholesale, tracking closer to a cost-plus model as they have diverged from natural diamond prices. Reflecting this sharp price decline, De Beers Group intends to discontinue the Lightbox business. |
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Date: May 12th, 2025 3:08 AM Author: the walter white of this generation (walt jr.) We discussed this when they first bought lightbox. It is one of the most brazenly cynical business moves I've ever seen and is designed to squeeze a couple more years out of the prestige and consumer demand for natural diamonds, which are inferior in every way to lab-grown diamonds under the criteria ("the 4 C's") recognized for centuries. (http://www.autoadmit.com/thread.php?thread_id=5723964&forum_id=2Elisa#48923163) |
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Date: May 12th, 2025 3:15 AM Author: ''"'''"''"' The overall prestige of diamonds, no matter where it came from, is headed downhill. They are kidding themselves if people just see lab grown diamonds as falling in value.
“The persistently declining value of lab-grown diamonds in jewellery underscores the growing differentiation between these factory-made products and natural diamonds. Lightbox has helped to highlight the fundamental differences in value between these two categories. Global competition continues to intensify with more low-cost lab-grown diamond production from China. In the US, supermarkets are driving down lab-grown diamond jewellery prices. Overall, we expect both the cost and price of lab-grown diamonds to fall further in the jewellery sector. |
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Date: May 12th, 2025 4:35 AM Author: the walter white of this generation (walt jr.) Yes, this is completely obvious, but it spelled the beginning of the end for one of the world's most recognizable cartels (literally, 25 years ago, if you asked someone to name a legal global cartel, a plurality would name de beers... the company was founded by cecil rhodes and the rothschild family). Obviously they were never going to control LGDs the way they toiled and spent and swindled and killed to control the world's natural diamond supply, so they set out to portray LGDs as costume jewelry / kids toys -- which, again, there is a well-established way of judging diamond quality, and LGDs outperform naturals of the same size in every way. (http://www.autoadmit.com/thread.php?thread_id=5723964&forum_id=2Elisa#48923191) |
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Date: May 12th, 2025 5:06 AM Author: ''"'''"''"' Oppenheimer family no longer has a stake in the company so De Beers can die out and it won't have effect on a grand Jewish family and whatever political campaigns they support (http://www.autoadmit.com/thread.php?thread_id=5723964&forum_id=2Elisa#48923195) |
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Date: May 12th, 2025 5:41 AM Author: ,.,..,.,..,.,.,.,..,.,.,,..,..,.,,..,.,,. their only hope is to completely flip around the desirability of 'perfection' in favor of hipster-style 'authenticity,' in which the gem is not cut at all, but is in fact still embedded in rock and other crap. a true mined diamond cannot be replicated in a lab because you'd need to somehow embed all the little chunks of silicate and feldspar and other shit into the diamond/junkstone interface. (http://www.autoadmit.com/thread.php?thread_id=5723964&forum_id=2Elisa#48923202) |