Lab Grown Diamonds Causing Diamond Demand To Fall

Luxury spending has taken a huge hit, especially with the prices of everything now a days... and diamonds are definitely not an exception. Diamond demand has declined so much because people are becoming more cautious with their money and focused on investing in more practical items as well as the alternative to natural diamonds that are taking the market by storm, lab grown diamonds.

Lab grown diamonds are becoming an attractive option for consumers. These are produced in a controlled environment, and their physical properties are identical to natural ones. The difference with lab grown gems is that they're cheaper and can be manufactured faster, generating more supply and lowering the cost. Which we all could use in times like this. This means shoppers can get an absolutely beautiful gem at a fraction of the price they would have paid for a natural diamond, making it a good option for the people on a limited budget. Which is pretty much all of us right now.

Another selling point of lab grown over naturally grown is that they have fewer downsides when it comes to the environmental and social factors that can be associated with mined diamonds. Diamond mining can have a significant impact on the environment, and the working conditions for miners is not really desirable. Thanks to the lab-grown process, there's less impact on the environment and no mistreatment of workers. It's definitely safer. For these reasons, more conscientious consumers prefer lab grown, ethically sourced, and environmentally friendly diamonds.

The rise of the lab grown has created new opportunities for consumers who are looking for quality diamonds at an affordable cost, but it's still important to do your research before making a purchase. With so many different options available, make sure you find a jeweler you can trust.

Living in Las Vegas, enjoying the weather and all that the city has to offer are all things that can be "fun." But what's the base income needed to be happy to live in Nevada? Whether it be in Las Vegas, Reno or some of the other smaller communities throughout the state. What would you think is enough to live comfortably in our state?

Before we get to that, according to a report publish by Moneyzine.com, it was a little surprising at the "ideal income" for most people. If you look at individual states across America you might be a little shocked (SHOCKED) at the difference from state to state.

To formulate the "Top 5," the research looked at the salaries at quite a few different occupations in each state. They included retail, food service, business professional and much more.

We find out that the base income to be happy across the country, no matter what state you live in would be about $95,000. The least expensive state to live in according to research is Mississippi. On the flipside, based on the cost of living, the most expensive states happens to be California and Massachusetts.

For example, according to the study, those people that live in Wyoming would only need a base salary of under of $66,000 to be happy. Wyoming coming in at #9 on the list of 1o states that features incomes under $70,000 in order to be happy.

Other states that fall under that category are Kansas, Rhode Island and Alabama. Of course, we all know to live in the state of Nevada takes a few bucks. Looking at the stats according to research, the average person can be happy living here with a base salary of $76,895!

Not sure if many would agree, but remember, you have to live within your means. Of course living in Las Vegas or Reno, there are a lot of distractions that make it easy to spend more than we make!

But what are those top 5 states you can be happy living in with a base salary of under $70,000...ah, just scroll down to find out!

Ah, the HOOSIER state, home of basketball, Lincoln's boyhood home and the Indy 500. All that and it seems that you don't need a huge base salary to be happy...just under $58,000 in fact which makes it #5 on the list!

Vermont is not only known for their Maple syrup, but for living a lifestyle where you can be happy with a base salary of under $56,000! For that, the state comes in at #3 on the list!

Don't know a lot about the state of Delaware, but it seems to be a great place to live. A coastal state with lots of water and clearly you don't need a huge income to be happy there. Just under $49,000 putting it at #2 on the list!

Lots of people love the New England area with all that it has to offer...but what makes this state so attractive is the base salary to be happy there. It's just under $42,000 per year to live the life in New Hampshire. This elevates this tiny state in the northeast to being #1 on the list! Congrats!