Why lab-grown diamond sales are surging.
It’s proposal season, and engagements are on the rise. So are factory-made diamond sales. Not that you’d know the difference. Man-made diamonds look the same as naturally occurring ones. The only noticeable difference is the price tag. “The result is really stunning,” said Edahn Golan, an independent diamond industry analyst.
Among Millennials and Gen Z, their eco-conscious mindset and ethical concerns about natural diamond sourcing is another factor influencing their preference for non-traditional engagement rings, according to a report from wedding planning website The Knot. Small but growing share of the diamond market Although its slice is growing, the market share for man-made diamonds remains relatively small.
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