1 00:00:00,040 --> 00:00:01,560 Speaker 1: There's a new trend I got for you and jewel 2 00:00:01,600 --> 00:00:03,880 Speaker 1: evill a new ish trend anyway, lab grown diamonds, right, 3 00:00:03,920 --> 00:00:06,400 Speaker 1: so they look real, but the cost of fraction of 4 00:00:06,480 --> 00:00:08,479 Speaker 1: the real thing. So how good are they and what's 5 00:00:08,480 --> 00:00:10,159 Speaker 1: it doing to the value of the real thing if 6 00:00:10,160 --> 00:00:12,600 Speaker 1: you've got the real thing? Holand co owner Greek Hollins, Well, 7 00:00:12,640 --> 00:00:13,280 Speaker 1: it's greg. 8 00:00:13,080 --> 00:00:15,080 Speaker 2: Morning, Good morning White. 9 00:00:15,160 --> 00:00:17,200 Speaker 1: Correct me if I'm wrong, But I think lab grind 10 00:00:17,239 --> 00:00:19,560 Speaker 1: has been around for years, haven't they. It's just have 11 00:00:19,600 --> 00:00:22,280 Speaker 1: they suddenly improved in quality? Heints, we're all excited about them. 12 00:00:23,160 --> 00:00:26,119 Speaker 2: Yes, Look, there'sually nothing new about lab grown. Back in 13 00:00:26,160 --> 00:00:30,680 Speaker 2: the fifties, General Electric managed to figure out how to 14 00:00:30,720 --> 00:00:31,880 Speaker 2: create a lab grown diamond. 15 00:00:32,040 --> 00:00:34,440 Speaker 1: Right between you. It's like, can I tell the difference 16 00:00:34,440 --> 00:00:36,600 Speaker 1: between a real one and a lab grind nowadays or not? 17 00:00:37,720 --> 00:00:40,400 Speaker 2: No? The short answer is no, unless you're a gymologist 18 00:00:40,520 --> 00:00:43,159 Speaker 2: and you've got magnification. You can see growth lines and 19 00:00:43,200 --> 00:00:46,640 Speaker 2: a lab grown diamond, but you need pretty pretty intense 20 00:00:46,680 --> 00:00:49,040 Speaker 2: modification to see that. So no, to the naked eye, 21 00:00:49,040 --> 00:00:49,440 Speaker 2: you can't. 22 00:00:49,320 --> 00:00:52,760 Speaker 1: See the difference high quality one carrot real versus one 23 00:00:52,840 --> 00:00:54,960 Speaker 1: carrot man made. What's the price difference? 24 00:00:55,960 --> 00:00:57,880 Speaker 2: Oh it significant, it's roughly half. 25 00:00:59,000 --> 00:00:59,800 Speaker 1: So why would I buther? 26 00:01:01,000 --> 00:01:03,600 Speaker 2: Well, exactly, But I would say that they're not everyone's 27 00:01:03,640 --> 00:01:05,440 Speaker 2: cup of tea. I mean, I've got customers that will 28 00:01:05,480 --> 00:01:07,200 Speaker 2: just absolutely don't want to even look at a lab 29 00:01:07,240 --> 00:01:09,640 Speaker 2: grown for whatever reason that might be. 30 00:01:09,680 --> 00:01:12,080 Speaker 1: And I mean that's about snobbery. 31 00:01:13,040 --> 00:01:16,960 Speaker 2: Yeah, potentially, yep, but no, there's no doubt about it. 32 00:01:16,959 --> 00:01:19,959 Speaker 2: They are an increasing trend and are they here to stay? 33 00:01:20,000 --> 00:01:22,440 Speaker 2: And lab ground diamonds are definitely an option for a 34 00:01:22,440 --> 00:01:24,039 Speaker 2: customer looking for anegagi ring. 35 00:01:24,400 --> 00:01:26,720 Speaker 1: I have followed this for a couple of years internationally. 36 00:01:26,720 --> 00:01:29,000 Speaker 1: The price of the real stuff when you're dealing with 37 00:01:29,040 --> 00:01:30,839 Speaker 1: the BS and all those sort of people. The price 38 00:01:30,840 --> 00:01:32,760 Speaker 1: of the real stuff has come down because of all this, 39 00:01:32,800 --> 00:01:33,160 Speaker 1: hasn't it? 40 00:01:33,480 --> 00:01:35,240 Speaker 2: Yes, it has, yeah, absolutely, Yeah. 41 00:01:35,080 --> 00:01:38,680 Speaker 1: So how come because a diamond is a diamond is 42 00:01:38,680 --> 00:01:42,360 Speaker 1: a diamond and that hasn't changed other than people's perceptions. 43 00:01:42,400 --> 00:01:44,960 Speaker 1: So it's the perceptions that's the price, that's all it is. 44 00:01:46,280 --> 00:01:48,880 Speaker 2: Yeah, And the supply obviously to the lab growns. You know, 45 00:01:48,920 --> 00:01:51,560 Speaker 2: we're saying huge amount of supply coming through, so the 46 00:01:51,600 --> 00:01:53,040 Speaker 2: price of labrons has dropped as well. 47 00:01:54,280 --> 00:01:56,320 Speaker 1: Do people have a stigma when they come in and go, 48 00:01:56,440 --> 00:01:59,279 Speaker 1: I'd like to when you're standing there with your bride 49 00:01:59,280 --> 00:02:01,760 Speaker 1: to be and and they go, I'd like a real one, 50 00:02:01,800 --> 00:02:04,520 Speaker 1: ago like lab grown. Can I do the let Does 51 00:02:04,560 --> 00:02:05,320 Speaker 1: it get it embarrassed? 52 00:02:06,640 --> 00:02:08,880 Speaker 2: No? I mean the way our frame is like, the 53 00:02:08,919 --> 00:02:11,160 Speaker 2: customer has the choice obviously, so you know, I'll present 54 00:02:11,240 --> 00:02:12,640 Speaker 2: with them. You know, it might give you an option 55 00:02:12,680 --> 00:02:15,680 Speaker 2: of have a beautiful sapphire, for example, versus a natural 56 00:02:15,680 --> 00:02:18,600 Speaker 2: diamond versus a lab grown It's really customer's choice. And 57 00:02:18,600 --> 00:02:21,799 Speaker 2: as long as there I like giving them acute information 58 00:02:21,880 --> 00:02:24,040 Speaker 2: so they know exactly what they're dealing with them how 59 00:02:24,080 --> 00:02:25,880 Speaker 2: to make an informed decision. That's the key to it. 60 00:02:26,160 --> 00:02:27,400 Speaker 1: How's business generally? 61 00:02:28,760 --> 00:02:30,799 Speaker 2: Look, I found it quite good this year. I've got 62 00:02:30,880 --> 00:02:34,520 Speaker 2: very lower world customers. So yeah, there's always a demand 63 00:02:34,600 --> 00:02:38,720 Speaker 2: for the lex anniversary or significant birthday, so this is yeah. 64 00:02:38,600 --> 00:02:40,800 Speaker 1: Yeah, fantastic. Good on you, Greg, nice to talk to you. 65 00:02:41,000 --> 00:02:43,360 Speaker 1: Pass that one onto the newsroom. Were you found a 66 00:02:43,360 --> 00:02:45,760 Speaker 1: businessman who's doing well in diamonds? Say you don't hear 67 00:02:45,960 --> 00:02:47,160 Speaker 1: You don't hear that too often? 68 00:02:47,919 --> 00:02:50,840 Speaker 2: For more from the Mic Asking Breakfast, listen live to 69 00:02:50,960 --> 00:02:51,480 Speaker 2: news talks. 70 00:02:51,480 --> 00:02:54,720 Speaker 1: They'd be from six am weekdays, or follow the podcast 71 00:02:54,720 --> 00:02:55,560 Speaker 1: on iHeartRadio.