In a recent episode of the Rapaport Diamond Podcast, Diamond Vault of Troy CEO Randy Cole explains that lab-grown diamond demand is primarily driven by consumers under 35 and those over 60. Younger buyers often choose lab-grown stones to prioritize spending on homes and investments, while older clients and those entering second marriages favor them for their affordability and impressive size during a tough economy. While synthetic stones currently dominate his store's sales volume and value, Cole notes a growing countertrend where some consumers are returning to natural diamonds to differentiate themselves from the ubiquity of oversized lab-grown gems. Additionally, Cole reported a strong holiday season bolstered by high precious metal prices, even as the social perception of lab-grown diamonds begins to shift within certain circles.
Click here to visit
Saju Elizamma.
No comments:
Post a Comment