The Economy, Stupid
Diamond Disruption: Lab Grown vs Mined, which gem would you choose?
May 23, 2024
Exploring the debate between lab-grown and mined diamonds, guests discuss shifting market trends, consumer perceptions, and the rise of lab-grown diamonds. They analyze the impact of living costs on consumer choices, pricing trends, and the emotional connection people have with diamonds. The podcast highlights the importance of authenticity and real products in the diamond industry.
28:45
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Quick takeaways
- Lab-grown diamonds offer a more affordable and ethical option compared to mined diamonds.
- Consumers are divided between traditional mined diamonds and modern lab-grown diamonds due to pricing and ethical considerations.
Deep dives
Lab-Grown Diamonds: A Cost-Effective and Ethical Alternative
Lab-grown diamonds have gained popularity due to their lower cost compared to mined diamonds, offering a more affordable option without compromising quality. Giant retail brands like Pandora have embraced lab-grown diamonds, highlighting them as the future of ethical luxury. Despite skeptics, lab diamonds are chemically identical to mined diamonds, grown in laboratories using high pressure and high temperature methods.
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