The most prestigious law school admissions discussion board in the world.
|
 |
 
|
Half of the diamonds sold by US retail jewellers are lab grown
Poast new message in this thread
Date: April 28th, 2024 8:36 AM Author: chocolate razzle library Natural diamond prices are nearly 20 per cent below their level of a year ago after a run-up in 2022, and were higher a decade ago.
Behind the malaise lies the growth of lab-grown diamonds and their acceptance as a cheaper alternative to natural ones: it is common for half the diamonds sold by US retail jewellers to be lab grown. Since they have, as the US Federal Trade Commission puts it, “essentially the same optical, physical, and chemical properties as mined diamonds”, this figures. |
Date: April 28th, 2024 8:36 AM Author: chocolate razzle library https://archive.is/PMdhd (http://www.autoadmit.com/thread.php?thread_id=5522278&forum_id=2#47614933) |
|
Date: April 28th, 2024 8:38 AM Author: chocolate razzle library While mined fine diamond prices are depressed, things are far worse for lab-grown ones. Many companies are producing synthetic diamonds, not only for jewellery but in the hope of new industrial uses, from electrical vehicle components to energy storage. A lab-grown stone worth 80 per cent of the natural price a few years ago now sells for less than 30 per cent. (http://www.autoadmit.com/thread.php?thread_id=5522278&forum_id=2#47614936) |
 |
Date: April 28th, 2024 8:43 AM Author: exhilarant bearded community account This was a big problem with early adoption. The first lab-grown diamonds on the market were stupid expensive. (http://www.autoadmit.com/thread.php?thread_id=5522278&forum_id=2#47614943) |
|
Date: April 28th, 2024 9:23 AM Author: chocolate razzle library Lab-grown diamonds now make up around 20% of the total diamond market, Zimnisky estimates, up from nearly zero percent in 2015.
Sales of lab-grown diamond jewelry soared 51% in the 12 months leading up to November, while sales of loose lab-grown diamonds grew 47%, Tenoris data shows.
But prices for lab-grown diamonds have actually been declining since 2015, the year they first started to become mainstream. Back then, a man-made diamond was priced at around a 10% discount to a natural diamond. Today, they're priced at up to a 90% discount, Zimnisky estimates. |
|
Date: April 28th, 2024 9:24 AM Author: chocolate razzle library "I think people kind of just bought it, and they thought, 'you're the only one with a three-carat diamond. But … if you go to a wedding these days, you're just looking at people's engagement rings, there's a lot of three-, four-, five-carat diamonds and it's become ubiquitous," Zimnisky said. "I think now you might actually start to see the opposite happen, where people are like, I just want a smaller natural diamond."
---
That doesn't sound likely to me. Diamonds will probably just lose their mystique. |
|
Date: April 28th, 2024 10:52 AM Author: marvelous pink psychic it's pure cope. smaller stones may become more popular because larger ones are no longer a status symbol, but no one who would have considered a lab grown in the first place would choose a smaller natural one. (http://www.autoadmit.com/thread.php?thread_id=5522278&forum_id=2#47615124) |
|
Date: April 28th, 2024 10:40 AM Author: alcoholic iridescent place of business bizarre thread (http://www.autoadmit.com/thread.php?thread_id=5522278&forum_id=2#47615096) |
|
Date: April 28th, 2024 10:41 AM Author: yapping provocative garrison giraffe I think op is just mourning the loss of our FRIEND in the DIAMOND BUSINESS in his own way, brother. (http://www.autoadmit.com/thread.php?thread_id=5522278&forum_id=2#47615099) |
|
Date: April 28th, 2024 10:53 AM Author: marvelous pink psychic (http://www.autoadmit.com/thread.php?thread_id=5522278&forum_id=2#47615126) |
|
Date: April 28th, 2024 11:03 AM Author: Chest-beating useless mexican RIP anon6356 (http://www.autoadmit.com/thread.php?thread_id=5522278&forum_id=2#47615160) |
|
Date: April 28th, 2024 11:14 AM Author: Stimulating Swollen Coldplay Fan If they are visually the same, why would someone prefer a diamond that was procured through dubious mining practices? (http://www.autoadmit.com/thread.php?thread_id=5522278&forum_id=2#47615182) |