Lab-grown diamonds may soon develop their own distinct price scale that differs from that of natural diamonds, Andrey Zharkov (pictured), the former chief executive officer of Alrosa who now heads the lab-grown diamond company Ultra C, predicted during a recent webinar.

Many areas are undergoing digital transformation, although one area that may not spring to mind is with jewelry and gems. This sector is being affected by science and technology, and this impacts the consumer markets as well.