George Prout joins the show to discuss an array of topics related to lab-grown diamonds. George is the President of the Independent Division of Craft Diamonds, the lab-grown diamond entity within Hari Krishna, which is a De Beers Sightholder and one of the largest diamond mid-stream companies in the world. The conversation begins with George telling the story of how he was inadvertently introduced to the jewelry business while having lunch with his father, a renowned surgeon and professor in Boston. George then describes Hari Krishna’s state-of-the-art campus in Surat (India) and explains how much of the business is now dedicated to lab-diamonds. Next, the two discuss the current penetration of lab-grown diamond jewelry in the U.S. market and how declining lab-diamond prices are impacting the industry. Next, the two speculate on what a “mature” lab-grown diamond market could look like. Finally, Paul asks George what his strategy would be if he was theoretically asked to market and distribute natural diamonds in this environment.

Hosted by: Paul Zimnisky

Guest: George Prout

Guest plug: www.craftdiamonds.co

More information on PZDA’s State of the Diamond Market report: www.paulzimnisky.com/products

Show contact: [email protected] or visit www.paulzimnisky.com.

Please note that the contents of this podcast includes anecdotes, observations and opinions. The information should not be considered investment or financial advice. Consult your investment professional before making any investment decisions. Please read full disclosure at: www.paulzimnisky.com.