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The synthetic diamond segment now accounts for over 50% of all engagement rings sold.
Lab-grown diamonds captured 40% of the total diamond market in the last year.
Currently, 70% of engagement rings sold in the United States feature lab-grown diamonds.
Lab-grown diamonds are approximately 70% less expensive than equivalent mined diamonds.
A BCG study of 2,000 corporate transformations over the last 20 years found that 75% fail to deliver their stated results in both the short and long term.
Fountainbleau Development's Las Vegas property grew approximately 18% year-over-year in the first quarter.
The global lab-grown diamond market is valued between $26 billion and $30 billion.
The traditional diamond industry is valued at approximately $80 billion.
Lab-grown diamonds have zero chemical, optical, or structural difference from mined diamonds.
No gemologist in the world can visually distinguish between a lab-grown diamond and a mined diamond.
Natalie Morrison believes that the quality of high-end lab-grown diamonds is superior to that of high-end mined diamonds.
The process to form a lab-grown diamond takes approximately 4 to 6 weeks.