{"id":8386,"date":"2024-05-03T07:32:36","date_gmt":"2024-05-03T07:32:36","guid":{"rendered":"https:\/\/jewellerynewsindia.com\/?p=8386"},"modified":"2024-05-03T07:34:41","modified_gmt":"2024-05-03T07:34:41","slug":"de-beers-is-considering-lowering-lgd-prices","status":"publish","type":"post","link":"https:\/\/jewellerynewsindia.com\/index.php\/2024\/05\/03\/de-beers-is-considering-lowering-lgd-prices\/","title":{"rendered":"De Beers is considering lowering LGD prices."},"content":{"rendered":"\n<figure class=\"wp-block-image aligncenter size-full is-resized has-custom-border\"><img fetchpriority=\"high\" decoding=\"async\" width=\"839\" height=\"473\" src=\"https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/05\/IMG-3-1.webp\" alt=\"\" class=\"wp-image-8387\" style=\"border-width:3px;border-radius:5px;width:669px;height:auto\" srcset=\"https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/05\/IMG-3-1.webp 839w, https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/05\/IMG-3-1-300x169.webp 300w, https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/05\/IMG-3-1-768x433.webp 768w, https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/05\/IMG-3-1-200x113.webp 200w, https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/05\/IMG-3-1-600x338.webp 600w\" sizes=\"(max-width: 839px) 100vw, 839px\" \/><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.debeersgroup.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">De Beers<\/a> is considering lowering the prices of the lab-grown diamonds it sells under the <a href=\"https:\/\/lightboxjewelry.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Lightbox<\/a> jewellery brand.&#8221;The wholesale prices of lab-grown diamonds are falling sharply, leading to financial challenges at some leading lab-grown diamond producers,&#8221; parent firm <a href=\"https:\/\/www.angloamerican.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Anglo American<\/a> reported in its 2023 results. &#8220;These price declines are expected to lead to further substantial reductions in retail prices, with <a href=\"https:\/\/www.debeersgroup.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">De Beers<\/a>&#8216; <a href=\"https:\/\/lightboxjewelry.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Lightbox<\/a> brand testing significantly lower prices for its products.&#8221;<\/p>\n\n\n\n<p>These price cuts will &#8220;further reinforce consumers&#8217; understanding of the fundamental differences between lab-grown and natural-diamond jewellery,&#8221; according to <a href=\"https:\/\/www.angloamerican.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Anglo American<\/a>.<\/p>\n\n\n\n<p><a href=\"https:\/\/lightboxjewelry.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Lightbox<\/a> now sells the majority of its stones for $800 per carat at retail, with the Finest line of higher-quality products selling for $1,500 per carat. It also sells lower-quality <a href=\"https:\/\/lightboxjewelry.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Lightbox<\/a> Basics stones for $600 per carat.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>De Beers is considering lowering the prices of the lab-grown diamonds it sells under the Lightbox jewellery brand.&#8221;The wholesale prices of lab-grown diamonds are falling sharply, leading to financial challenges at some leading lab-grown diamond producers,&#8221; parent firm Anglo American reported in its 2023 results. &#8220;These price declines are expected to lead to further substantial [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8388,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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href=\"https:\/\/jewellerynewsindia.com\/index.php\/uncategorized\/\" rel=\"category tag\">Uncategorized<\/a>","rttpg_excerpt":"De Beers is considering lowering the prices of the lab-grown diamonds it sells under the Lightbox jewellery brand.&#8221;The wholesale prices of lab-grown diamonds are falling sharply, leading to financial challenges at some leading lab-grown diamond producers,&#8221; parent firm Anglo American reported in its 2023 results. &#8220;These price declines are expected to lead to further 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