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Reference: https://www.igi.org/lab-grown-diamonds/
In 2018, The Federal Trade Commission's ruling on diamond marketing allows lab-grown diamonds to be classified and marketed as real diamonds, benefiting consumers with more clarity and potentially lower prices while challenging the traditional mined-diamond industry.
• Lower production costs: The process of creating lab-grown diamonds is more efficient and less labor-intensive than mining operations.
• Shorter supply chain: Lab-grown diamonds don't require the extensive network of miners, distributors, and middlemen that mined diamonds do.
• Controlled production: Labs can produce diamonds on demand, reducing scarcity-driven price inflation.
• Lab-grown diamonds typically have a smaller carbon footprint than mined diamonds.
• They don't require extensive mining operations, which can disrupt ecosystems.
For an additional cost, Equi can include IGI certification with your jewelry purchase.
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Fun fact: Majority of the Lab Grown Diamonds and mined diamond jewelry pieces available on the market (luxury brands included) are manufactured and produced in China.
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