Lessons - Avoiding Getting Scammed When Buying a Diamond | Olivia Landau - Founder and CEO of The Clear Cut

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In this "Lessons" episode, Olivia Landau, founder and CEO of The Clear Cut, delves into the complexities of the diamond industry. Learn the critical differences between lab-grown and natural diamonds, uncover the ethical and environmental misconceptions around lab-grown options, and understand how transparency builds trust in a market rife with fraud.

Fraud in the Diamond Industry: Olivia highlights the prevalence of fraud, particularly with lab-grown diamonds being misrepresented as natural. This deceptive practice misleads consumers into trading valuable natural diamonds for larger but worthless lab-grown ones, underscoring the importance of working with trustworthy jewelers.

Lab-Grown vs. Natural Diamonds: While chemically similar, lab-grown diamonds are mass-manufactured and lack the rarity and value of natural diamonds. Olivia explains how lab-grown diamonds, often promoted as ethical and sustainable, actually involve significant environmental costs, such as high greenhouse gas emissions.

Economic and Ethical Value of Natural Diamonds: Natural diamonds are finite resources that provide long-term value and support local economies. Olivia shares how diamond mining has transformed countries like Botswana, funding education, healthcare, and infrastructure, debunking misconceptions tied to outdated narratives like "blood diamonds."

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