De Beers Expands Lab-Grown Diamonds Beyond Jewelry
De Beers, traditionally known for luxury diamonds, has found success in the industrial sector through its research division, Element Six, which produces lab-grown diamonds for industrial applications like cutting tools and electronics. This shift comes amid declining interest in natural diamonds and a restructuring by parent company Anglo-American. Despite challenges from international competition and reliance on sunset industries, Element Six sees growth potential, especially with the rise of AI technologies.