Discussion keeps the world turning.
Imagine a small county in China quietly reshaping a global luxury.
In one county in particular, lab-grown diamonds are produced for a fraction of the traditional cost.
It's just one example,
but it's a glimpse into how China's local economies are now driving global markets.
What does the rise of these industrial counties mean for the future of global manufacturing and consumption?
We'll discuss.
We're live from our studios in Beijing.
This is Round Table.
I'm Steve.
Thank you very much for sharing.
your time with us today.
And for the show, I'm with Fei-Fei and Yu Shan.
First up.
A customized one-carat lab-grown diamond can now be yours for roughly 7,000 yuan.
That's about $950.
And that is a great deal because it's a mere fraction, just a tenth,
as a matter of fact, of the price of a natural stone.
There's a high chance that that diamond originated in a single county in China in Henan Province.
Known as China's diamond capital,