Frost & Sullivan: MPCVD Diamonds - Challenging the next frontier for technology

-- Consistent availability of high-quality diamonds to benefit gem, scientific & high-tech applications

SYDNEY, April 23, 2013 /PRNewswire/ -- The microwave plasma chemical vapor deposition (MPCVD) diamond growth process has witnessed significant technological advancements, widening the prospects of lab-grown diamonds in gem applications as well as in scientific and high-tech applications.  While the MPCVD technique has been used over the last decade to successfully grow small single crystal, colorless diamonds at various research facilities around the world in a limited scale for scientific studies, scalable growth of consistent quality diamonds has been almost impossible to achieve.

New analysis from Frost & Sullivan (http://www.industrialautomation.frost.com), Grown Diamonds - Shaping the Future Of the Diamond Industry, finds that leading industry firms have now been able to integrate high-end research with effective management of formidable supply-chain and cost-related challenges, enabling the scalable production of high-quality, single-crystal, colorless lab-grown diamonds.

Mr. Tom Chatham, Chatham Created Gems & Diamonds Inc. notes that "success in scaling-up production of diamonds using CVD technology requires scientific know-how, continuous flow of funds and a passion for years of research. There are several aspects - and not all are related to Chemistry - that need to be optimized in order to achieve successful continuous production."

Like any new and potentially disruptive technology, MPCVD grown diamonds have been perceived both as an opportunity and as a threat. As a direct consumer product, the challenge faced by the grown diamond industry is to eliminate terminologies aimed at reducing its acceptability and to educate consumers about the reality and benefits of grown diamonds. In scientific and high technology applications, consistent supply and commercial viability will lead to rapid uptake.

"The confusion in terminology of grown diamonds may have an impact on end-buyers in the gem application market," noted Mr. Mike McMahon, CEO of SCIO Diamond Technology Corporation. "In this regard, marketing campaigns and a consortium message from industry participants that comprehensively cover the benefits of lab-grown diamonds would be a welcome step." He goes on to add that "for the customers in scientific & high-tech applications, consistent availability of diamonds suited to their particular applications is paramount".

Industry participants will be able to overcome these challenges by effective marketing campaigns that increase awareness of grown diamonds among consumers. MPCVD doesn't involve synthesis at any stage of the diamond growth process, and leads to the formation of diamond in its native element form, just like earth-derived diamonds. Grown MPCVD diamonds, unlike diamond simulants such as Moissanite, are identical to earth-derived diamonds in terms of physical, chemical and optical properties. In fact, these diamonds are high-quality Type IIA diamonds, which is a very pure, very rare type of diamond, comprising less than two percent of the world's earth-derived diamonds.

The report may be downloaded through registering at this link:
http://www.frost.com/sublib/display-market-insight.do?id=276747662

For media queries or if you are interested in more information on this research, please send an email to djeremiah@frost.com Corporate Communications, at djeremiah@frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.

About Frost & Sullivan

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Contact:

Donna Jeremiah
Corporate Communications, Asia Pacific
D: +61 (2) 8247 8927
E: djeremiah@frost.com

Carrie Low
Corporate Communications, Asia Pacific
D: +603 6204 5910
E: carrie.low@frost.com

Jessie Loh
Corporate Communications, Asia Pacific
D: +65 6890 0942
E: jessie.loh@frost.com

 

SOURCE Frost & Sullivan



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