I want to pull up a picture of Taylor Swift's diamond ring here. What do you think about the price here. Gut is somewhere between half a million and 600,000.It looks like an elongated cushion cut. Probably an old mine gold cond type to a diamond. Uh that that's again just speculation.Uh set in yellow gold. Uh so yeah, somewhere upwards of half a million would be my best guess. For younger generations, uh particularly Gen Z, they've been gravitating more towards uh the lab grown diamonds.The fact that Taylor ...

Industry Overview - Lab-grown diamonds can be produced in 7 days, a stark contrast to the billion years required for natural diamonds [1] - The US sees around 50% of engagement rings now featuring synthetic stones [1] Market Dynamics - China, specifically Hernand province, is estimated to be the origin of 70% of lab-grown diamonds for jewelry [2] - The influx of synthetic stones is dragging down the prices of both lab-grown and small natural diamonds [2] Competitive Landscape - The natural diamond industry is attempting to differentiate itself by labeling synthetic stones as "fakes" and "dupes," but consumer adoption continues [3] - The future of the natural diamond industry is uncertain due to the market saturation of synthetic stones [3]