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Major Jewelry Company Ends Lab-Grown Diamond Business: Here's Why Major Jewelry Company Ends Lab-Grown Diamond Business: Here's Why
De Beers To Close Lab-Grown Diamond Business Lightbox De Beers Group is shutting down its company specializing in lab-grown diamonds as falling prices widen the gap with natural diamonds. The diamond company will close its brand called Lightbox, De Beers announced in a news release on Thursday, May 8. The closing marks a major shift for the global jewelry giant as it doubles down on natural diamond production. De Beers said it's seeking to sell off Lightbox's assets and inventory. "The planned closure of Lightbox reflects our commitment to natural diamonds," said De Beers CEO Al Cook. "We are also excited at the growing commerc…

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by Chris Spiker