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Diamond Market Shows Serious Cracks From Man-Made Stones
An anonymous reader shares a report: Diamonds may be forever but they are also seriously on sale. Natural rough diamond prices have collapsed 26 per cent in the past couple of years. Tepid US and Chinese demand for diamond jewellery hasn't helped. But most ring fingers point at the increasing popula...
But most ring fingers point at the increasing popularity of cheaper laboratory grown diamonds (LGD). Diamond miners spent years maintaining that romantic buyers would prefer the allure of rare, natural stones. In October, WD Lab Grown Diamonds, America's second-largest maker of synthetics, filed for bankruptcy.
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