Botswana warns of the threat posed by synthetic gems ahead of launching a $6 billion diamond project, highlighting concerns about market competition and economic stability.
Tag:
Lab-Grown Diamonds
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Anglo American announces its plan to divest De Beers, responding to market challenges including price slumps and the rise of lab-grown diamonds.
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The global diamond market is undergoing a transformation. Lab-grown diamonds are gaining popularity due to their affordability and ethical appeal, but they may face price declines in the future. Miners grapple with oversupply as consumer preferences shift towards sustainable and socially responsible options. The future of diamonds may be a blend of ethically sourced mined stones and lab-grown gems.