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Saying yes, for less: Why lab-grown diamonds have cornered 80% of the engagement ring market
“Can a US$399 proposal ring, which equates to the price of a fine dining dinner for two, really be a symbol of lifelong commitment?” asks Suresh Hathiramani, founder of diamond wholesaler Facets Singapore, who dismisses lab-grown stones as merely “synthetics” riding on the coattails of the “natural” diamond’s 150-year heritage.