DAILY INNOVATION BRIEF by Maryanne Kane, Journalist
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D A ILY INNOVATION BRIEF By Journalists Edward Kane & Maryanne Kane LAB GROWN DIAMONDS SPARKLE, DAZZLE & SHINE Source: Lab Grown Diamonds Did you know that lab grown diamonds exist? They do and are becoming a hot item Lab grown diamonds ar e soaring in popularity as a more environmentally friendly, sustainable and far less expensive alternative to real, mined diamonds Some key facts: Market for them is up 2,860% in past 5 years Physically & chemically identical to their natural counterparts Typically cost up to 70% less than a natural diamond No environmental damage done through diamond mining Created in a lab setting that mimics natural diamond creation by subjecting carbon to high temperatures & high pressure Appears to be an avenue of growth as consumers become aware that lab grown diamonds are a valuable, less expensive