Same sparkle, different story: how lab-grown diamonds are transforming the market

Rabizo/Getty You’ve probably heard the saying “a diamond is forever”. What if the market for them – with its hefty price tags – isn’t? Back in March, Rio Tinto ended production at its Diavik diamond mine in Canada after 23 years. Earlier this month, diamond mining company De Beers announced a two-year production pause at the company’s flagship Venetia mine in South Africa. De Beers is majority-owned by global mining giant Anglo American. According to a Bloomberg report this week, Anglo is now…