alt Hacker NewsThe market for natural diamonds will cease to exist when you can buy lab-grown versions for a couple bucks.
They wanted to differentiate between natural and lab-grown versions with the former being much more expensive. But that train has left the station since there's little to no difference in quality between the two. In fact, I once predicted there'd be huge scams where lab-grown ones would be repackaged and sold as natural ones and that would ruin customers' trust in natural diamonds.
But it now seems that isn't going to happen because customers are voting with their feet and leaving natural diamonds behind.
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> The market for natural diamonds will cease to exist when you can buy lab-grown versions for a couple bucks.
Just like the luxury watches market ceased to exist when you could buy quartz watches for 10 bucks.
> there's little to no difference in quality between the two
Lab grown can be way better quality. To me it was a no-brainer considering the ethical concerns, then add in the cost difference. The only argument I've heard for natural is "I like the imperfections". Sounds like brainwashing to me. They're chemically identical
The mining industry should die