Arab Today, arab today grown diamonds key to unlocking future for diamond industry in dubai
Last Updated : GMT 15:35:16
Arab Today, arab today
Arab Today, arab today

Grown diamonds key to unlocking future for diamond industry in Dubai

Arab Today, arab today

Arab Today, arab today Grown diamonds key to unlocking future for diamond industry in Dubai

Diamond industry in Dubai
Dubai - WAM

The mined diamond supply has seen a constant decline in the past decade driven by the fact that key diamond mines have passed their peak production levels, according to a new report. Moreover, the diamond mining process has become tougher as the mines age and new mines that are discovered often have shorter life spans and tougher mining conditions. This occurs in light of the rising demand from various markets such as the US, India and China which is likely to widen the demand and supply gap.
New analysis from global consulting firm, Frost & Sullivan, "Grown Diamonds – Unlocking Future of Diamond Industry by 2050" indicates how Grown Diamonds can represent a potential solution to the issue of global shortage of rough diamond supplies. The breakthrough in technology has made it possible to grow rare quality colorless IIa quality diamonds by creating diamond-growing conditions in semiconductor grade facilities, above the earth’s surface.
It says that even with all the technological advancement and developments in the field of exploration and mining, the future of rough diamond production from mines looks bleak. A decline in mined diamond production and diamond processing capacities also has a direct impact on the millions of people who are employed within these industry sectors.
The new report analyses the supply of diamonds from mined sources till 2050. Various mines across the globe and their lifetime production values were studied to estimate the supply of diamonds from mines. In comparison, the demand was also analyzed to understand the growth in demand till 2050 considering various factors such as growing jewelry sales and expected surge in demand from new regions.
Recent advancements in technology and years of dedicated research on diamond growing techniques have made it possible to grow high-quality diamonds. A significant achievement in grown diamond technology is the ability to grow colorless Type IIa diamonds which are the purest diamonds found below the earth and constitute only 2 percent of the total global mined diamond production.
According to the report, over the next 30 years, grown diamonds will become a dominant player in high technology applications and can prove to be a very significant diamond source for the luxury world.
Moreover, they also offer new high skilled opportunities for employment as these technology-driven innovation centers employ high-skilled engineers, graduates, researchers and scientists as their principal staff. This is apart from the ancillary industries such as manufacturing, instrumentation, semiconductors and so on.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today grown diamonds key to unlocking future for diamond industry in dubai Arab Today, arab today grown diamonds key to unlocking future for diamond industry in dubai

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today As Olympics loom,China plunges into biz

GMT 10:08 2017 Tuesday ,28 February

As Olympics loom,China plunges into biz
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Kalam Nawaem made a difference in social issues

GMT 06:43 2017 Tuesday ,28 February

Kalam Nawaem made a difference in social issues
View News in Arabic - Business: اقتصاد عربي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Parliament considers solutions to overpopulation

GMT 20:27 2017 Monday ,27 February

Parliament considers solutions to overpopulation
Arab Today, arab today Humans spark most US wildfires

GMT 14:58 2017 Tuesday ,28 February

Humans spark most US wildfires
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Final Phantom VII signals end of an era

GMT 14:31 2017 Tuesday ,28 February

Final Phantom VII signals end of an era
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Aspires present the story of Egypt’s first president

GMT 06:18 2017 Sunday ,26 February

Aspires present the story of Egypt’s first president
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:28 2017 Tuesday ,28 February

Dumbphones survive rise of the smartphone

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday