With the economy extremely tight and diamonds quite expensive, young people are turning to lab-grown alternatives for their wedding rings.
Healing crystals are not recognized in the medical community, but celebrities and Wall Street people are into them.
What is driving the wealthy into making extravagant purchases? Get an insightful look into the world of the luxury buying market.
Millennials have also posed a challenge for the diamond industry.
The new facility is called Triple A, and it is near another Pandora facility at Gemopolis.
Farmese Blue diamond, a rare 6.16-carat pear-shaped, dark grey diamond symbolic of Queen Elisabeth Farnese was sold for $6.7 million at a Geneva auction.
Following the implementation of VAT last January, the trade in the UAE dropped by 60 percent.
Gemstone marketing in the Asia Pacific has taken a more distinct and aggressive approach.
Africa, even with its abundance of natural resources, has not risen to the top because of the lack of regulation in the mining industry.
Experts suggest the demand for gemstones sourced from Asia will continue to surge in 2018.