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Lab-Grown Diamonds Market Set for Explosive Growth - The Future is Here
Apr 09, 2024
Jersey City, NJ, April 09, 2024 (GLOBE NEWSWIRE) -- According to the latest research by InsightAce Analytic, the Global Lab-grown Diamonds Market is expected to grow with a CAGR of 10.3% during the forecast period of 2024-2031. The lab-grown diamonds market has emerged as a dynamic and rapidly expanding segment within the gemstone industry. These diamonds, cultivated through controlled laboratory processes rather than mined from the earth, have gained traction due to their ethical and sustainable credentials. The market has witnessed major growth driven by heightened consumer awareness regarding the environmental and social impacts of traditional diamond mining practices. Furthermore, the increasing preference for conflict-free and eco-friendly diamond options has propelled the demand for lab-grown diamonds. Technological advancements in diamond synthesis techniques have led to improved quality, reduced production costs, and enhanced market competitiveness. While the market faces challenges such as competition from natural diamond producers and regulatory complexities, strategic initiatives by key players and collaborations are fostering market penetration and innovation. Geographically, the lab-grown diamonds market is poised for continued expansion, offering promising opportunities for stakeholders across the value chain. Download Free Sample Pages of Report : https://www.insightaceanalytic.com/request-sample/2426 List of Prominent Players in the Lab-grown Diamonds Market: Abd Diamonds Pvt. Ltd Clean Origin LLC.,De De Beers Group Diam Concept Diamond Foundry Inc Henan Huanghe Whirlwind CO., Ltd. Mittal Diamonds New Diamond Technology LLC Swarovski AG WD Lab-grown Diamonds Market Dynamics: Drivers: The lab-grown diamonds market is propelled by ...Full story available on Benzinga.com
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Tech
Instagram Creators Can Now Earn Upto $30K In A Month With Reels, Photo Carousels And More As Meta Revives Cash Bonus Program: Report
Apr 04, 2024
In a significant move for digital creators, Meta Platforms Inc. (NASDAQ:META)’s Instagram is reportedly bringing back its cash bonus program, now extending monetization opportunities to include photo content. This development is poised to impact the creator economy and intensify the platform’s rivalry with TikTok. What Happened: Instagram is reintroducing cash incentives for content creators, now including photo posts in addition to videos, Business Insider reported on Tuesday. The “Spring Bonus” program, currently being tested by Instagram, rewards creators for engagement on various content types, including reels, photo carousels, and single-image posts. This initiative comes after the platform discontinued its Reels Play Bonus in March 2023. The new program offers a maximum of $30,000 over 30 days and is invite-only. Image: Shutterstock/ Roman Samborskyi Available in the U.S., Japan, and South Korea, the Spring Bonus excludes branded or collaborative content and posts with watermarks from other platforms. Meme creators Jackson Weimer and Mike Potter of @grippingfoodwithforce have already started earning through this program, with estimated earnings of $70 and $58, respectively. Instagram is also experimenting with a “Performance Bonus” for photo post engagement, similar to Facebook’s existing program. Additionally, the “Threads Bonus” pays for engagement on ...Full story available on Benzinga.com
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Money pours in for technology reshaping Korean restaurant scene
Apr 01, 2024
Investors are betting big on food service technology startups in South Korea as the adoption of self-service systems in the country’s food and beverage industry is expected to accelerate amid high hourly wages and a prolonged labor shortage. t’order Inc., a Korean startup offering tablet-ordering system t’order and other food-service solutions, has recently raised 13 billion won ($9.6 million) from Korea Development Bank (KDB) and LB Investment Inc. during a Series B funding round, in which the company is seeking to raise 30 billion won in total. It is expected to draw the remaining 17 billion won shortly, according to industry sources. The startup will use the proceeds to ramp up a supply of tablet PCs, mainly used as a self-ordering system at restaurants, to meet its surging demand. t’order expects new tablet PC orders will exceed 10,000 units monthly on average. Restaurant owners in the country are actively implementing automated food-service technologies to combat a jump in the country’s hourly rate and the ongoing labor shortages. HIGH LABOR COST AND ONGOING LABOR SHORTAGES Korea’s minimum wage more than doubled to 9,860 won per hour this year from 2013. Worse yet, restaurant owners can’t find workers. The country’s hospitality industry lacked 52,493 workers as of the second half of last year, according to data from Korea’s Ministry of Employment and Labor. Restaurant owners expect the industry will continue to grapple with labor shortages for the next four to five years at least. According to a survey conducted by Korea Agro-Fisheries & Food Trade Corp., 54.9% of 3,000 food and beverage restaurants who responded to the survey, expected it would be still difficult to hire employees three years later. “A restaurant has to pay a monthly commission of 10,000 or 20,000 won per table for using a tablet-ordering system but that is much cheaper than hiring human workers,” said an official from the food and beverage industry. “It will also help restaurants save costs in hiring and staff management.” Investors also see great growth potential in the country’s food service technology sector as most related local startups are eyeing global expansion. Payhere Inc., which offers food service automation solutions, plans to go global with major Korean fried chicken restaurant chain operator Kyochon F&B Co. with its point-of-sale (POS) system. Aniai Inc., a startup developing cooking robots, already clinched deals to supply its automated burger patty grilling system to two major US burger franchise operators under non-disclosure agreements. ROSY OUTLOOK ATTRACTS MONEY TO FOOD SERVICE TECHPinning high hopes on their business models, investors invested in both startups. Payhere succeeded in drawing 20 billion won during a Series B funding round last year, while Aniai raised $12 million in Pre-Series A funding in January. The kitchen robot developing startup has already signed a deal to supply 500 burger cooking robots and is expected to receive orders to supply more than 1,000 units by the end of this year, according to the company. Of other food service technology developing startups on investors’ radar, Changupin Inc., the operator of mobile menu ordering system tablero, raised 2.3 billion won in a Pre-Series A funding round in November last year from multiple investors including CJ Investment Inc., SparkLabs and Magna Investment. Bear Robotics Inc., a serving robot-developing startup based in Silicon Valley, attracted $60 million from Korea’s high-tech giant LG Electronics Inc. in March. It has recently set a target to deliver more than 1,000 serving robots this year. Another serving robot-developing startup B-Robotics in November last year secured a 3 billion won investment from global mobile app developer Cheetah Mobile. B-Robotics is a subsidiary of Woowa Brothers Corp., the operator of Korea’s No. 1 food delivery platform, Baedal Minjok known as Baemin. By Joo-Wan Kimkjwan@hankyung.comSookyung Seo edited this article.
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Business
EV High Voltage Cable Market Projected to Reach $67.55 billion by 2030 - Exclusive Report by 360iResearch
Mar 26, 2024
PUNE, India, March 26, 2024 /PRNewswire/ -- The report titled "EV High Voltage Cable Market by Cable Type (AC Cables, DC Cables), Material (Aluminum, Copper, Insulation Material), Voltage Range, Application, Vehicle Type - Global Forecast 2024-2030" is now available on 360iResearch.com's offering, presents an analysis indicating that the market projected to grow from a size of $17.98 billion in 2023 to reach $67.55 billion by 2030, at a CAGR of 20.80% over the forecast period. "Expanding Horizons: The Global Surge in Electric Vehicle High Voltage Cable Market" In a world increasingly leaning toward sustainability, the electric vehicle (EV) high voltage cable market is experiencing pronounced growth, driven by the escalating adoption of electric vehicles. These specialized cables, fundamental to connecting critical components such as battery management systems, electric motors, and onboard charging systems, are becoming indispensable as they adapt to the demand for higher efficiency, reduced energy loss, and the capability to manage surging power needs. Amid growing environmental concerns and stringent emission standards worldwide, innovations in cable technology are ushering in cables that not only promise superior performance and durability but also align with safety standards. Although the market faces challenges such as high production costs, the global shift toward electric mobility, particularly in the Americas with the U.S. and Canada at the forefront, EMEA (Europe, the Middle East, and Africa) with notable advancements in Germany, the UK, and Norway, and the APAC region led by countries such as China, South Korea, and Japan, is fostering new opportunities. These regions are witnessing a renaissance in EV infrastructure development, underscored by government incentives and a collective push for electrification, fueling the high-voltage cable market's upward trajectory. Download Sample ...Full story available on Benzinga.com
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