Winemakers consider the deposits to be waste material, but an entrepreneur in Eastern Europe saw something different.

De Beers draws a red line in the sand by committing its jewelry resources to natural diamonds and pivoting lab-grown diamond production to industrial uses.

But over the past couple of years, lab-grown diamonds have gotten mass-produced. All of this has thrown the natural diamond industry into a crisis and changed the way we shop for jewelry.

The lab-grown diamond boom is over, jewelry industry experts say. Lab-grown gems are mainstream now and real diamonds are back in vogue, analysts told Business Insider.

The Sparkling Science of Jewelry at the Perot Museum's ‘The Shape of Matter' The exhibition is on view through April 20 in the museum’s Lyda Hill Gems and Minerals Hall ...

Jewelry images courtesy of Van Cleef & Arpels. Collage by Ashley Peña. A long display case in the American Museum of Natural History’s special exhibition, Cosmic Splendor, illustrates the ...