Reply to Can you tell the difference between a lab grown diamond and a mined diamond?

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Reply to "Can you tell the difference between a lab grown diamond and a mined diamond?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Look lab growns are putting a lot of pressure on the prices for natural diamonds. Right now naturals are worth more on the resell but for how long?

It really seems the natural diamonds are being pushed up by the industry. There are huge surplus of natural diamonds and the demand is falling. [/quote]

There has always been a huge surplus of mined diamonds. That was the lie the diamond manufacturers told everyone. It was all marketing. They limited diamond availability to keep the prices high. Go read about the way the diamond market worked. They were never that rare.  The market has been manipulated intentionally to keep prices high and when lab diamonds came about, the same big companies tried to do the same thing with them. They tried to limit the availability and were charging almost as much as the price for a mined diamond. It was ridiculous. They didn't have a monopoly on the development of the diamonds though and eventually manufacturers of labs popped up in India, Russia, China etc and there was no cornering of the market and central control. [/quote]

A little piece of garnet from VCA cost 4k. People are willing to pay for “pretty” jewelry. If a diamond is pretty then it can commend whatever price people are willing to pay. After all jewel’s sole purpose is to be pretty.[/quote]

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