This Hari Krishna Flower ring uses 50,907 natural diamonds, but Gen Z and others are driving interest in lab-grown stones that can be a more sustainable alternative. (Photo: South China Morning Post)
Billions of years in the making, buried deep under the Earth’s crust in extreme heat and pressure, diamonds have long been synonymous with rarity and indestructibility. But when you remove that elemental interplay of forces, do diamonds still hold the same appeal?
If the boom in lab-grown diamonds is any sign, there is a niche group of buyers willing to forgo natural rarity to get practically the same product for a fraction of the price.
According to Verified Market Research’s “Global Synthetic Diamond Market” report,…
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