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Is a lab-grown diamond as good as the real thing? | Learn English word 'intangibles'
Oct 19, 2023
Lab-grown diamonds are becoming a popular and more affordable alternative to natural diamonds, posing a threat to the high prices of traditional diamonds. The podcast also covers the ethical concerns in the diamond industry and explores the concept of 'intangibles' in relation to lab-grown diamonds and personal success.
22:23
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Quick takeaways
- Lab-grown diamonds offer cost savings and ethical advantages over natural diamonds.
- Natural diamonds possess intangible qualities, such as rarity and historical significance, that lab-grown diamonds lack.
Deep dives
Lab-Grown Diamonds vs. Natural Diamonds
Lab-grown diamonds are becoming a viable alternative to natural diamonds. Using two different methods, diamonds can now be grown in a laboratory. These lab-grown diamonds have improved in quality and are becoming more affordable, with prices up to 80% cheaper than natural diamonds. From an average viewer's perspective, lab-grown diamonds are indistinguishable from natural diamonds when set on a ring. This shift in the industry poses a threat to the perpetually high prices of natural diamonds.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode