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Diamonds are a Gen Z girl’s best friend — as long as they’re lab-grown. ... The wedding industry has ballooned to be worth $196.58 billion in 2023 ... sales for wholesale polished diamonds ...
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The new lab-grown diamonds retail for about one-tenth the cost of naturally occurring diamonds. The new brand began selling in September 2018 and the stones are produced in Gresham, Oregon, a $94 million facility using the region's cheap electricity, which opened in 2018 with the capacity for 500,000 rough carats of diamonds per year. [58] [59 ...
While the term "party favor" is modern, the practice dates back to the classical Graeco-Roman tradition, where food or flowers were gifted to the attendees of an event. In the Middle Ages entertainers were throwing small objects at the spectators, and the elaborate table decorations were sometimes gifted to important guests after the party.
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The popularity of online shopping continues to erode sales of conventional retailers. For example, Best Buy, the largest retailer of electronics in the U.S. in August 2014 reported its tenth consecutive quarterly dip in sales, citing an increasing shift by consumers to online shopping. [51] Amazon.com has the largest market share in the United ...