live now to tobias kormind, managing director, 77 diamonds. thank you forjoining us.amond industry under a threat? h diamond industry under a threat? v . diamond industry under a threat? �*, . , threat? so, it's an interesting question. _ threat? so, it's an interesting question. i— threat? so, it's an interesting question, i think _ threat? so, it's an interesting question, i think there - threat? so, it's an interesting question, i think there is - threat? so, it's an interesting question, i think there is a . question, i think there is a mixture of factors going on the luxury industry, which seems to be under a lot of pressure, you, which and you have got some invented the category of the diamond engagement ring being spun out of anglo american which owns them, and they have had some internal problems as well. so they produced a relatively poor result for 2023 where their revenue was down by 36%, which is enormous. and that is a reflection of subdued consumer demand and then you have this new threat of laboratory grown diamonds, which has now penetrated into the co