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Lab-grown diamond boom hits Pittsburgh jewelers
Original: Lab-grown diamonds are booming. Pittsburgh jewelers are dealing with the fallout.
Sales of lab-grown diamonds are surging as prices fall and consumers embrace cheaper, man-made stones. Jewelers in Pittsburgh say the shift is disrupting their business, with natural diamond sales shrinking and traditional pricing and resale models under pressure. Retailers are rethinking how they market both lab-grown and mined diamonds to customers increasingly focused on cost.
Why now: The rapid rise of lab-grown diamonds is upsetting the traditional jewelry market and raising concerns among local retailers.
PittsburghPittsburgh Post-Gazette
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- Lab-grown diamonds are booming. Pittsburgh jewelers are dealing with the fallout. · Pittsburgh Post-Gazette
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