WHY ARE JEWELERS AGAINST LAB DIAMONDS?

THE ANSWER

Money. Traditional jewellers built their businesses around mined diamonds. They hold stock of mined stones. When lab diamonds entered the market at lower prices, that stock lost value. Their margins shrank. Suppliers who invested in mining operations pushed back too. There is also a genuine belief among some old-school jewellers that the rarity of mined diamonds gives them meaning. Lab diamonds can be produced in unlimited quantities. That removes the scarcity factor. But the resistance is fading. Most jewellers now stock both. Customer demand drives business. And customers want options. The jewellers who adapted early are doing well. The ones who resisted are catching up.

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