The interview on the TVB program 'Finance Magazine' in May 2024.

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During a recent interview on TVB, store owner Jacob discussed the future development trends of lab grown diamonds and natural diamonds. Let's delve into the key points from the interview.

Lab Grown Diamonds vs. Natural Diamonds

Lab grown diamonds are created in a controlled environment using advanced technology, replicating the natural diamond-growing process. They have the same physical, chemical, and optical properties as natural diamonds, making them a sustainable and ethical choice.

The Rise of Lab Grown Diamonds

With advancements in technology, lab grown diamonds are becoming increasingly popular among consumers. They offer a more affordable option without compromising on quality. In fact, the demand for lab grown diamonds is expected to grow by 15% annually.

Sustainability and Ethical Practices

Lab grown diamonds are environmentally friendly as they require less energy and water to produce compared to natural diamonds. Additionally, they are free from the ethical concerns associated with mining practices, making them a preferred choice for socially conscious consumers.

The Future of Natural Diamonds

While lab grown diamonds are on the rise, natural diamonds continue to hold their value and allure. They are cherished for their rarity and natural beauty, appealing to those who appreciate the traditional aspects of diamond jewelry.

Conclusion

As the jewelry industry evolves, both lab grown diamonds and natural diamonds will have their place in the market. Consumers now have more options to choose from based on their preferences and values. Whether it's the sustainable appeal of lab grown diamonds or the timeless elegance of natural diamonds, the future of diamond jewelry is bright and diverse.

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