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“More than 300 Australian jewelry stores – representing 10 per cent of all retailers – have closed within the final four years, with the principle factor being falling sales. The diamond commerce embraced the sudden ‘legitimisation’ of the lab-created category and many middle-market stakeholders battling wafer-thin margins began creating their own lab-created diamond businesses. With that in thoughts, the complete influence on the pure diamond trade by the introduction of lab-created diamonds continues to be not totally understood or quantified. And but the most important suppliers have been pressured to drop their costs, and while contractual obligations allowed De Beers…
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