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The first lab-made diamonds can be dated back to the 1950s, [1] and memorial diamonds started to appear in the market in the early 2000s. More than one company has claimed to be the first to provide memorial diamonds, and both Heart In Diamond [2] and LifeGem [3] have claimed to have a patent covering the growing of a "personalized gem diamond".
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The Rapaport Price List is copyrighted and available only to subscribers. Jewelers and diamond merchants use it to set prices for consumers. Consumers should therefore use the report with caution. [2] These prices are used as the basis for standardization and negotiation of diamond prices around the world.
The Funeral Rule defines and provides parameters in the following key subject areas: [2] Definition of a General Price List, or GPL; Specific disclosures must be provided in writing to the consumer regarding embalming, alternative containers for direct cremation, the basic service fee, the Casket Price List and the Outer Burial Container Price List
Last year, revenue from sales of its lab-grown diamonds reached 265 million Danish Krone ($38.5 million) and by 2026 the Danish retailer is aiming to bring in the billions.
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