alt Hacker News> 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.
Replies
Loughla • today at 1:14 AM
Except in this case, the quartz watches would be better quality than the luxury watches
I'm not sure your analogy has teeth.
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Well the privet to luxury was due to quartz watches taking their core business, and now Chinese superclones are in the early days of threatening their luxury business. At a certain point it’s hard to care about the residual difference.