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Published on: January 6, 2016
Comparative analysis: CapEx in diamond mining versus diamond growing, based on open data sources and experimental
Vladislav Zhdanov1, Lukasz Andrzejewski2, Julia Bondareva3
1Higher School of Economics, 20 Myasnitskaya st., Moscow, 101000, Russia.
Abstract:
The diamond industry has long been associated with environmental and social problems, ranging from mining practices to ethical concerns related to diamond sourcing. In recent years, there has been a growing interest in lab-grown diamonds as a sustainable alternative for diamond consumers. However, the production of lab-grown diamonds has own challenges. This article examines the capital expenditures per annualized carat of rough diamonds obtained through mining and two fabrication methods: high-pressure high-temperature (HPHT) and microwave plasma-assisted chemical vapour deposition (MP CVD). Lab-grown diamonds produced using HPHT and MP CVD methods require significantly higher capital expenditures per annualized carat compare to mined diamonds. HPHT diamonds require on-time CapEx of 500-833 US$ per carat annually, while MP CVD diamonds demand 549-1648 US$ per carat annually. Finding ways to reduce production cost and increase efficiency will be crucial in realizing the potential of lab-grown diamonds as a sustainable alternative to mined diamonds.
