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Proposing? Here's how much a lab-grown equivalent to a natural diamond costs — and why.
CBSN
More consumers are gravitating toward man-made diamonds for their striking similarity to natural rocks and their relative affordability.
In 2015, sales of lab diamonds made up less than 1% of all global diamond sales for jewelry. Today, the share is closer to 20%, according to industry data from Paul Zimnisky Diamond Analytics.
With demand increasing, more producers are entering the lab diamond market and prices are dropping even further.
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More than a half-century ago, during Watergate, President Richard Nixon had a stand-off with the Justice Department, and the courts. On October 20, 1973, the president demanded that attorney general Elliot Richardson fire Special Prosecutor Archibald Cox. Richardson refused, and resigned. His deputy, William Ruckelshaus, also refused, and resigned.