💨 Abstract

The report predicts an increase in the use of lab-grown diamonds (LGD) in jewelry, influenced by factors like education, income, and fashion trends. This shift, due to LGDs' lower prices, could alter the traditional diamond market. Meanwhile, gold, traditionally a store of value, may see its investment form evolve towards financial products like ETFs, potentially reducing demand for physical gold jewelry.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖