The “lab-grown” phenomenon isn’t disrupting just food production. It has hit the $80 billion diamond industry as well. The technology to create diamonds in a lab has improved to the extent that lab-grown diamonds are now nearly-indistinguishable from mined ones. That’s great news for consumers of gems and industrial diamonds. It’s bad news for diamond miners. Meanwhile, China’s newly-built up ability to flood the market with inexpensive gem-quality synthetic diamonds adds another layer of worry for the industry.
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