Chinese lab-grown diamond companies eye opportunities at jewelry show in U.S.

STORY: Chinese lab-grown diamond companies eye opportunities at jewelry show in U.S. DATELINE: June 5, 2023 LENGTH: 00:01:46 LOCATION: LOS ANGELES, U.S. CATEGORY: ECONOMY SHOTLIST: 1. various of the JCK Show STORYLINE: More than 50 Chinese lab-grown diamond companies took part in an ongoing jewelry show in Las Vegas, the United States, aiming to further develop the overseas market. The annual JCK Show, a leading jewelry show in North America, kicked off on Friday. Lab-grown diamonds, also known as lab diamonds and engineered diamonds, are created by scientists in labs, and those diamonds have the same chemical, physical, and optical properties as earth-grown diamonds. Lab-grown diamonds are increasingly popular in the United States and some other countries as sales of those diamonds are jumping. The global lab-grown diamond market was valued at 22.45 billion U.S. dollars in 2022 and is forecasted to grow to over 37 billion dollars by 2028, said a report released in March by ResearchAndMarkets.com, a le