The reason the diamond market is absolutely cooked right now
Technology has advanced so much that lab-grown diamonds can be produced at about 10% the cost of natural diamonds.
(Currently, a 1-carat natural diamond is priced around $4,000)
???: But if it's that cheap, isn't it easy to tell them apart from natural ones?
It's impossible for a gemologist to distinguish them with the naked eye.
You need a carbon tester worth about $30,000 to actually tell.
Plus, since lab-grown diamonds have no impurities, they're on par with top-tier natural diamonds in terms of grading.
Because of this, the natural diamond industry is pleading, 'Buy natural, not lab!', but they're losing ground in a cold market every single day.
"Users are roasting the diamond industry for its history of price manipulation and are hyped about high-quality lab diamonds finally crashing the party, while crowning gold as the true store of value."
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