Lab-grown diamonds, despite occupying a relatively minor share of the retail market, have had a significant effect on falling prices and demand. <...> If we could join our efforts and, for example, make marking of artificial stones mandatory, we could split these markets and protect businesses — Yury Trutnev, Deputy Prime Minister of the Russian Federation – Presidential Plenipotentiary Envoy to the Far Eastern Federal District of the Russian Federation.
The production of synthetic stones, of jewellery-quality diamonds, has grown rapidly in recent years – up to 30% annually. This is a sign that we need to systematically divide these markets. In my opinion, this issue must be addressed not just by coordinating the efforts of major diamond mining companies and the diamond cutting and polishing industry, but also through providing support on the legislative and regulatory levels — Dmitry Kobylkin, Minister of Natural Resources and Environment of the Russian Federation.
If a consumer is able to clearly understand that what they're buying in one place is synthetic, and what they're buying at another is a natural diamond, then we won't have any problems competing with this market. <...> The primary risk is if it's mixed together, and synthetic diamonds are being sold as if they were natural diamonds — Alexey Moiseev, Deputy Finance Minister of the Russian Federation .