Uploaded August 2026 | Updated September 2026, 3 weeks ago

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The price of diamonds has continued to drop as lab-grown alternatives prove popular, and it's being felt by the industry, from bespoke jewellers to pawn brokers.

The Grown Diamond Trade Organization estimates 50–60% of the current retail market in Australia is in favour of lab-grown diamonds, and it could be as high as 70% by the end of the year.

Grace McKinnon for ABC News Loop.

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