Market NewsNewsLab grown threatening natural gems?

Lab grown threatening natural gems?

The growing acceptance of man-made diamonds by millennials has spurred De Beers to reverse its policy of shunning the sector for jewellery and to launch its own laboratory-grown diamonds through its Lightbox jewellery brand, Reuters reported.

The move potentially threatens the profits of rival lab-grown gem producers but could also undermine De Beers’ natural diamond business if it broadens the appeal of stones created in a lab, said the Reuters report.

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