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Lab-Grown Diamonds Come into Their Own

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1–10 of 110 posts

Re: Lab-Grown Diamonds Come into Their Own

#2
This is wonderful! I can't comprehend the need to mine for diamonds any longer. Such a dangerous, dirty, damaging practice. It is sad to see that the industry is trying to paint these as inferior.

I would love to see some sort of tariff or sanction placed on mined diamonds to make them restrictively expensive. There is simply no need for them any longer.

Re: Lab-Grown Diamonds Come into Their Own

#5
post #4

Aren't pearls cultured for decades now? They are still sought for, nothing is more beautiful in a woman's neck than a pearl collar.

Not that it really matters at the end of the day, but there's probably some charm in knowing that your "cultured" pearl was still formed inside a bivalve living in the ocean, versus being made in a machine like a porcelain gobstopper.

That said, check out this cool picture: https://media.licdn.com/mpr/mpr/shrinknp_800_800/AAEAAQAAAAA... I didn't realize it was so industrial...

Re: Lab-Grown Diamonds Come into Their Own

#6

Only 30% cheaper? I once heard a dollar a caret from one of the startups a decade ago...

Maybe that's just the current price point, though I haven't a clue what it would cost to produce one of these things. They're probably trying to capture as much surplus as possible right now.

Re: Lab-Grown Diamonds Come into Their Own

#7

This is wonderful! I can't comprehend the need to mine for diamonds any longer. Such a dangerous, dirty, damaging practice. It is sad to see that the industry is trying to paint these as inferior. I would love to see some sort of tariff or sanction placed on mined diamonds to make them restrictively expensive. There is simply no need for them any longer.

Not all diamond types/classes are being manufactured. Synthetic diamonds will always be different from natural stones specifically because they lack natural imperfections. Not everyone wants perfection.

Re: Lab-Grown Diamonds Come into Their Own

#8
I shopped for created diamonds a year or two ago, and like others was disappointed with the cost savings. It seems awfully odd that on the spectrum from $0.01/caret to $1,000,000/caret, that created diamonds ended up costing exactly the same as a mined diamond, less maybe 30%. It's clear that there are only a couple players in the clear created diamonds market, and no one is too eager for a price war and to stop printing money. In which case it doesn't sound all that different from the mined diamond market

Re: Lab-Grown Diamonds Come into Their Own

#9
post #8

I shopped for created diamonds a year or two ago, and like others was disappointed with the cost savings. It seems awfully odd that on the spectrum from $0.01/caret to $1,000,000/caret, that created diamonds ended up costing exactly the same as a mined diamond, less maybe 30%. It's clear that there are only a couple players in the clear created diamonds market, and no one is too eager for a price war and to stop prin…

It's different in that there are a lot less slaves and warfare involved in the production of these new products.

Re: Lab-Grown Diamonds Come into Their Own

#10
In addition to created diamonds, there are other stones that are different from and in some aspects better than diamonds.

The best one seems to be Moissanite, which also has the rather pedestrian name of silicon carbide. See https://en.wikipedia.org/wiki/Moissanite

Here's a strong opinion about why diamonds suck and you should go with alternatives: http://diamondssuck.com/

Lastly, a more dispassionate analysis: http://www.doamore.com/diamonds-vs-moissanite/

Moissanite can be 90% cheaper than equivalent diamond, not just 30%.

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