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Lab-grown diamonds mean cheaper sparkle and fewer people doing dangerous work to produce it. That’s progress.⁣ ⁣ But progress can come with a cost: workers caught in the transition can end up paying the bill. And that cost is real.⁣ ⁣

Justin Wolfers

425,999 subscribers

17,220 次观看 • 1 个月前 •via X (Twitter)

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Indian-made lab-grown diamonds are dominating the world: “Titan had invested in a US-based company called Clean Origin, which made lab-grown diamonds. “But Titan wrote down the investment of $ 20 Million because it couldn’t survive the competition from India. “The CFO of Clean Origin said, ‘We cannot compete with the low cost of production and the scale that India has in lab-grown diamonds.’ “So, India is doing a great job here. Credit is also due to the Government of India and the Gujarat government for incentivising and supporting this industry.” - Jayant Mundhra (Jayant Shilanjan Mundhra)

Indian-made lab-grown diamonds are dominating the world: “Titan had invested in a US-based company called Clean Origin, which made lab-grown diamonds. “But Titan wrote down the investment of $ 20 Million because it couldn’t survive the competition from India. “The CFO of Clean Origin said, ‘We cannot compete with the low cost of production and the scale that India has in lab-grown diamonds.’ “So, India is doing a great job here. Credit is also due to the Government of India and the Gujarat government for incentivising and supporting this industry.” - Jayant Mundhra (Jayant Shilanjan Mundhra)

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People are under cost of living pressure, we recognise that and we're doing something about it with more cost of living help like income tax cuts and halving the fuel excise. It's great to see local businesses doing what they can to support their workers and customers during tough times. Thanks to Michael and the team at Bunnings Warehouse Preston for meeting with Ged Kearney and me this week. Really busy end to the week consulting with CEOs and workers in fuel, supermarkets, technology, logistics, mining, banking and building supplies sectors about the fallout from conflict in the Middle East.

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