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Lab-grown rubies as well as natural diamonds are not really matches considering that each sell right into various markets, said Lucara Ruby (TSX: LUC) Chief Executive Officer Eira Thomas on Tuesday.
" Lab-grown diamonds definitely belong. They're not necessarily extra lasting rubies," stated Thomas. "We need to do a much better job as a natural-diamond mining market of telling our story."
4:37 Rubies on the blockchain
8:08 Ruby supply
12:34 Natural rubies vs. artificial rubies
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Lab-grown diamonds are not competitive to natural - Lucara Diamond
Lab-grown diamonds and natural diamonds are not really rivals since each sell into different marketplaces, said Lucara Diamond (TSX:LUC) CEO Eira Thomas on Tuesday.
"Lab-grown diamonds certainly have a place. They're not necessarily more sustainable diamonds," said Thomas. "We have to do a better job as a natural-diamond mining industry of telling our story."
4:37 Diamonds on the blockchain
8:08 Diamond supply
12:34 Natural diamonds vs. synthetic diamonds
__________________________________________________________________
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