Rising Preference for Lab-Grown Gemstones Impacts Diamond Industry

Wednesday, 5 June 2024, 00:53

The diamond industry faces significant challenges as lab-grown gemstone prices continue to decline, prompting consumers to opt for alternatives like gold. With a growing demand for lab-grown gemstones, traditional diamond market players are experiencing a notable shift in consumer preferences, which could impact the industry's future dynamics.

https://store.livarava.com/3379c6cb-22d6-11ef-a405-9d5fa15a64d8.jpg — Rising Preference for Lab-Grown Gemstones Impacts Diamond Industry

Overview

A diamond is forever, but perhaps not for the increasing number of consumers that are spurning the gemstone for its lab-grown counterparts and gold.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.