9CT GOLD CUBIC ZIRCONIA DOUBLE HALO CLUSTER STUDS
Sparkling like Diamonds, these Cubic Zirconia stones look even better than many natural gems. Set in 9ct Gold mounts there is 30 brilliant Cubic Zirconia surrounding 1 larger brilliant-cut stone set in each one. They measure approx. 8mm in diameter, weigh 1.05 grams and have secure butterfly scrolls for safety. They are stamped 9K and 375 with the official import stamp of the London assay office. They are all in excellent condition and not pre-owned.
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Cubic zirconia, as a Diamond substituent and jewel competitor, has been seen as a potential solution against conflict Diamonds and the controversy surrounding the rarity and value of Diamonds. This is attributed to confirmed evidence that there were price-fixing practices taken by the major producers of rough Diamonds, in the majority attributed to De Beers Company known as holding a monopoly on the market from the 1870s to early 2000s. However, De Beers and Co do not have as much power over the market, the price of Diamonds continues to increase due to the increased demand in emerging markets such as India and China. A closely related issue to this monopoly was the emergence of conflict Diamonds. It has been shown that the Kimberley Process is not as effective in decreasing the number of conflict Diamonds reaching the European and American markets as intended. A 2015 study from the Enough Project, showed that groups in the Central African Republic have reaped between US$3 million and US$6 million annually from blood Diamonds. Diamond substituents, therefore, have become an alternative to boycotting altogether the funding of such unethical practices. However, concerns from mining countries such as the Democratic Republic of Congo are that a boycott in purchases of Diamonds would only worsen their economy. Therefore, it is argued that in the short term Diamonds substituents could be an alternative to reduce conflict around the market of Diamond mining but a long term solution would be to establish a more rigorous system of identifying the origin of these stones.