The company has a facility in San Francisco and Washington, as well as a polishing factory located in China. It produces 100,000 carats yearly.
Well-known jewelry brands like Swarovski, as well as trendy direct-to-consumer engagement ring brands like Vrai & Oro, rely on diamonds manufactured by Diamond Foundry. These diamonds "retail for 20% to 25% less than their mined counterparts."
According to the founder of Diamond Foundry, R. Martin Roscheisen, the Diamond Producers Association (DPA) is actively blocking the efforts of his company to advertise jewelry produced with Diamond Foundry diamonds.
A 2016 report by Morgan Stanley reveals that man-made diamonds represent just 1% of the global rough-diamond market ($14 billion). However, "the DPA appears to consider them a credible threat."
In response to this new threat, De Beers — a major player in the bridal market that previously encouraged consumers to patronize "real" precious stones, has recently launched a new jewelry brand "that features synthetic diamonds."
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