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The popularity of synthetic diamonds in the jewellery market has increased significantly due to several factors. Their typically lower price compared to natural diamonds makes them an appealing choice for many consumers. Additionally, the ethical implications of synthetic diamonds have garnered attention, particularly their potential to eliminate the risks associated with [[Conflict diamond|conflict diamonds]], which are mined in war zones and often used to finance armed conflict.<ref>{{Cite web |last=Pearl |first=Diana |date=2023-10-26 |title=How 2023 became the year of the lab-grown diamond |url=https://edition.cnn.com/style/lab-grown-diamonds-popularity-2023-bof/index.html |access-date=2024-11-09 |website=[[CNN]] |language=en}}</ref><ref>{{Cite web |last=Yazdinian |first=Nouriel Gino |title=What Are Lab Diamonds? The Modern Gemstone Revolution |url=https://nyelizabeth.com/articles/f/what-are-lab-diamonds-the-modern-gemstone-revolution#:~:text=Emergence%20In%20Fashion%20And%20Engagement%20Rings |website=NY Elizabeth}}</ref>
From an environmental perspective, the production of synthetic diamonds generally has a smaller ecological footprint than traditional [[diamond mining]], which can result in extensive land degradation and habitat destruction. While lab-grown diamonds do require energy for their production, many companies are actively adopting renewable energy sources to mitigate their environmental impact.<ref>{{Cite web |last=Khan |first=Yusuf |title=Diamonds Made With Solar Power Are Offering Fiancées Ethical Fashion |url=https://www.wsj.com/articles/diamonds-made-with-solar-power-are-offering-fiancees-ethical-fashion-475d1c7b |website=[[The Wall Street Journal]]|date=10 January 2024 }}</ref><ref>{{Cite web |last=Sarnoff |first=Leah |title=Are lab-grown diamonds as sustainable as advertised? |url=https://abcnews.go.com/Business/lab-grown-diamonds-sustainable-advertised/story?id=109046877 |access-date=2024-11-09 |website=[[ABC News (United States)|ABC News]] |language=en}}</ref>
As consumer preferences evolve, particularly among younger generations who prioritize sustainability, synthetic diamonds are increasingly seen as a responsible and modern alternative to mined diamonds. Retailers are responding to this trend by expanding their offerings of lab-grown diamond jewellery, further solidifying their place in the market.
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