5min chapter

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Disruption in the diamond sector

Business Daily

CHAPTER

Lab-Grown Diamonds and Their Impact on the Jewelry Industry

This chapter explores the emergence of lab-grown diamonds in the market and their significant price difference compared to natural diamonds. It also discusses the Federal Trade Commission's classification of lab-grown diamonds as real diamonds and highlights the interest shown by major jewelry brands, such as Pandora, in using lab-created diamonds to offer a better price point to a mass market audience.

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