A diamond engagement ring is an ‘emotional purchase,’ analyst says. Here's what to know about lab-grown vs. natural gems
Publishing timestamp: 2023-11-17 12:42:35
Summary
The article discusses the considerations for consumers in the market for a diamond engagement ring, specifically whether to choose lab-grown or natural diamonds. It highlights that traditional mined diamonds may soon start to dwindle in supply and that lab-grown diamonds are a more affordable and ethical option. However, it also mentions that lab-grown diamonds do not increase in value and may not have a resale market. The article also mentions the impact of the COVID-19 pandemic on the diamond industry and the declining supply of natural diamonds. It concludes by advising consumers to have a discussion with their loved ones and make a decision that aligns with their preferences and financial goals.
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Keywords: lifestyle, new york, new york city, business news, united states, signet jewelers ltd, personal finance,