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Business Daily

Disruption in the diamond sector

Nov 20, 2023
18:01
Snipd AI
Discover how the jewelry world is being transformed by the mass production of lab-made diamonds and their environmental advantages. Explore the sustainability claims and marketing strategies of man-made diamonds. Learn about the process of growing diamonds using the chemical vapor deposition method and the significantly lower carbon emissions of lab-grown diamonds.
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Quick takeaways

  • Lab-grown diamonds are reshaping the jewelry world by offering similar properties to natural diamonds at a lower price.
  • Lab-grown diamonds are marketed as sustainable, but consumers should inquire about the energy sources and wastewater management practices of producers.

Deep dives

Lab-grown diamonds disrupting the jewelry industry

The mass production of laboratory-made diamonds is reshaping the jewelry world, disrupting an $87 billion global industry. Lab-grown diamonds are marketed as sustainable, with significantly lower carbon emissions compared to mined diamonds. They offer similar optical and physical properties to natural diamonds but at a much lower price. This affordability has attracted a new and younger audience, leading to a surge in lab-grown diamond sales.

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