Lab-grown diamonds, once seen as low-cost alternatives, are now entering mainstream jewellery stores, sparking concern among industry experts. Habib Group’s Datuk Seri Meer Habib says the issue lies not in synthetic gems themselves, but in dishonest pricing and lack of transparency.
Synthetic Diamonds Flood Market, Natural Prices Plunge by 40%
Many jewellers inflate lab-grown prices and fail to disclose their origin, misleading customers. Unlike natural diamonds, which follow standard pricing, lab-grown ones often don’t. This trend has confused global consumers and caused natural diamond prices to drop by up to 40%.
Habib maintains a focus on authentic gems, stressing that while lab-grown stones are valid choices, honest labelling is essential.
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