China’s Lab Grown Output hit by Coal Shortage

China's Lab Grown Output hit by Coal Shortage
President Xi Jinping

China’s production of lab grown diamonds is down by as much as 15 per cent as the country battles a desperate shortage of electricity.

A reduction in output by the world’s largest lab grown producer could bump up prices in the weeks before Christmas.

China is responsible for around 3m carats a year of the 7m carats lab growns produced globally in a year.

But the power-hungry industry has been hit by coal shortages as President Xi Jinping tries to reduce greenhouse gas emissions.

Liu Houxiang, a consultant at the National Gemstone Testing Center, told Bloomberg News output of jewelry-grade gems was down by 10 per cent to 15 per cent in October.


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