And so they should be, there is absolutely no reason to pay more a mined diamond than lab-grown, it's synthetically produced but it's not a synthetic product if you see what I mean, it's not like say cotton vs polyester.
It only makes sense to mine diamonds if it's cheaper to do so than to manufacture one of equivalent quality.
There's a great documentary about this called Nothing Lasts Forever which I think I caught on Netflix.
The outfits with big skin in the natural/mined diamond sector have told a story about something that's been in the ground for eons and being pulled out and turned into something special as a symbol of love, and hoping that turns people away from synthetics. It's just story telling. You can see the romance in it, but the price differential is huge.
There are various attempts to keep the synthetics out, and/or identifiable, but even the main players are admitting that a significant percentage of synthetics are now in the naturals market, nobody knows how many, and that they're undetectable. That means the naturals market has to come back to actual costs plus some markup over what they've been for 100+ years: costs plus insane markups.
OJFord|1 year ago
It only makes sense to mine diamonds if it's cheaper to do so than to manufacture one of equivalent quality.
PaulRobinson|1 year ago
The outfits with big skin in the natural/mined diamond sector have told a story about something that's been in the ground for eons and being pulled out and turned into something special as a symbol of love, and hoping that turns people away from synthetics. It's just story telling. You can see the romance in it, but the price differential is huge.
There are various attempts to keep the synthetics out, and/or identifiable, but even the main players are admitting that a significant percentage of synthetics are now in the naturals market, nobody knows how many, and that they're undetectable. That means the naturals market has to come back to actual costs plus some markup over what they've been for 100+ years: costs plus insane markups.