Lab-grown diamonds gain popularity as younger couples choose them over natural stones
Younger couples in Hong Kong and globally are increasingly choosing lab-grown diamonds for engagement rings due to lower prices and easier sourcing.
Price drives the shift to lab-grown stones
Pat Chung, a 36-year-old Hongkonger, states that lab-grown diamonds are much cheaper than natural diamonds for the same quality and size. She notes that these stones are also easier to source because buyers can specify exact colour, size and shape before sending orders to jewellers. This preference reflects a broader global trend where the diamond business has changed dramatically in recent years.
Natural diamond industry faces economic disruption
The rising popularity of lab-grown diamonds has hurt demand for natural stones and forced prices down across the market. Jewellers must now adapt to include lab-grown options to survive as consumers weigh style, price and sustainability when shopping. Unlike imitation stones such as cubic zirconia, lab-grown diamonds possess the same chemical and physical properties as mined gems.
Reported by one outlet
Only one outlet has published this. Nothing here has been checked against a second report, so read it as that outlet's account and follow the link below for the original.
Reported by
1 independent outlet. Headline as published. Links open the original report.