[HN Gopher] The natural diamond industry is getting rocked. Than...
       ___________________________________________________________________
        
       The natural diamond industry is getting rocked. Thank the lab-grown
       variety
        
       Author : geox
       Score  : 83 points
       Date   : 2025-07-26 12:20 UTC (10 hours ago)
        
 (HTM) web link (www.cbc.ca)
 (TXT) w3m dump (www.cbc.ca)
        
       | jqpabc123 wrote:
       | It's all just a crystalline form of carbon.
       | 
       | Regardless of how it was made, one is just as much "forever" as
       | the other. The real major difference is in the labor practices
       | being used.
       | 
       | De Beers had a good run as a cartel but as they say, "the jig is
       | up"
        
         | close04 wrote:
         | I'm not sure diamonds are popular because of what they _are_
         | but what they _represent_.
         | 
         | Every gem out there is "the crystalline form" of something.
         | Diamonds are (were?) the expensive crystalline form. And plenty
         | of people equate "expensive" with love, or care, or respect.
         | Even if the same people would never be able to tell the
         | difference between diamond and cubic zirconium, knowing it's
         | the cheap one makes it less valuable in other ways. This
         | depends on the person, of course.
         | 
         | If it's not diamonds it will have to be something else that
         | shows "I put my money where my mouth is". A simple metal
         | wedding band is the same wherever it's made but a famous
         | jeweler will charge an arm and a leg more than your local shop
         | for the same amount of precious metal, same effort, and same
         | result. And yet Tiffany's isn't going out of business for the
         | same reason. It's what it represents.
         | 
         | I am curious to see if tastes or fashion shift towards other
         | rarer or more expensive gems not yet manufactured cheaply en
         | masse.
        
           | AnimalMuppet wrote:
           | I could see thinking about this differently.
           | 
           | As people quit believing in God, they stop thinking in terms
           | of "God brought us together/we were made for each other"
           | (though they stop thinking that a generation or two later
           | than they stop believing in God).
           | 
           | If you think that _we_ made this relationship, then maybe a
           | lab-grown (human made) diamond fits? (Though it may take an
           | advertising campaign before people see it that way.)
           | 
           | Disclaimer: I'm not a sociologist. This is just my
           | speculation about how the dynamic could change.
        
           | jqpabc123 wrote:
           | I'd argue that a person obsessed with cost really isn't
           | focused on what it represents.
           | 
           | For those obsessed with materialism, real satisfaction is out
           | of reach. There is always bigger, better and more expensive.
           | 
           | Personally, I would tend to reconsider any long term
           | relationship with such a person.
        
             | close04 wrote:
             | For anyone appreciating expensive things, giving diamonds
             | represent the willingness to fulfill that desire. It's easy
             | to conflate that with love, at least for a while, even when
             | you aren't a materialistic person.
             | 
             | Jewelry is the pinnacle of "just monetary value". Unlike
             | almost any other possession, a car, a house, clothes, etc.
             | jewelry serves no practical purpose, only shows the
             | willingness or ability to spend for it. The more you spend,
             | the more valuable the gesture, the more you cared to please
             | the recipient.
             | 
             | Materialistic people have the same feelings you have. Those
             | just happened to be triggered by different values than
             | yours.
        
               | Muromec wrote:
               | The other purpose of jewerly is looking nice. That's
               | difficult to comprehend, but it's the actual important
               | thing for people who's most expensive piece of everyday
               | wear isn't their phone.
        
             | atmavatar wrote:
             | The cost is _exactly_ what it represents.
             | 
             | The entire point of using diamonds in wedding rings is for
             | the male to signal how committed he is to the marriage by
             | expending a large amount of money on both the ring and the
             | wedding itself. It then acts as a way for the wife to
             | signal her status to other women by showing off how much
             | her husband was willing and able to spend on the ring.
             | 
             | It is a hold-out from the tradition that the male is a
             | provider and the female is a caregiver. If you reject
             | traditional gender roles, you should also reject expensive
             | diamond rings regardless whether they are mined or grown.
             | Otherwise, embrace the shiny, but make no mistake: the cost
             | is _entirely_ the point.
        
               | jqpabc123 wrote:
               | _the cost is entirely the point._
               | 
               | Assume you have 2 diamonds that cost the same.
               | 
               | One is natural, the other is larger and man made.
               | 
               | Which one is more likely to convey your point to the
               | average person?
        
               | WorkerBee28474 wrote:
               | The larger one, because people will think it costs more.
        
               | grues-dinner wrote:
               | The more rational decision, IMO, assuming you still want
               | to signal wealth, is to buy neither, collude with your
               | supposed life partner, buy a gigantic, flawless
               | moissanite that you both agree to say is a natural
               | diamond that cost 50k. Then secretly put the money you
               | didn't spend on sparkling carbon into some appreciating
               | asset. Rivals are still sick with envy, you have a fun
               | joint venture bamboozle to laugh about, and the mortgage
               | gets paid off a few years early.
        
               | AnimalMuppet wrote:
               | One nit: In the US at least, the man pays for the diamond
               | ring, but traditionally it is the woman's family that
               | pays for the wedding.
        
               | Muromec wrote:
               | >The entire point of using diamonds in wedding rings is
               | for the male to signal how committed he is to the
               | marriage by expending a large amount of money on both the
               | ring and the wedding itself. It then acts as a way for
               | the wife to signal her status to other women by showing
               | off how much her husband was willing and able to spend on
               | the ring.
               | 
               | That's some nice historical background (which could be
               | post-hoc contextualization that fits certain agenda), but
               | traditions have this weird habit of outliving their
               | actual purpose and still having the form without the
               | role.
               | 
               | So no, you don't have to commit to traditional gender
               | roles to have diamond rings and don't have to make them
               | expensive as otherwise it's not doing the thing it's
               | supposed to do. The could just not do the thing at all
               | and you can still have them.
        
         | Incipient wrote:
         | I'd disagree with that. The prospect of a natural diamond is
         | that it's unique (I mean, not visibly I suppose) and millions
         | of years old.
         | 
         | I'd say it's like AI music or art - something made by a
         | machine, for some reason, just doesn't have any "soul" to it.
         | 
         | I'm not actually entirely convinced in my argument, but there
         | _is_ something there...
        
           | whatevaa wrote:
           | There is no "soul" in either pieces of rock.
        
           | jqpabc123 wrote:
           | If you can't tell the difference by either looking or
           | listening, I'd argue they both have a similar amount of
           | "soul".
           | 
           | And thus, any distinction between them exists mainly in your
           | head.
        
             | lightedman wrote:
             | The difference is instantly apparent under UV - most lab
             | grown diamonds will not fluoresce unless they have a bad
             | growth process that leaves flux and other impurities in the
             | crystal.
             | 
             | Natural diamonds won't always fluoresce but the ones that
             | do will do so in a variety of colors, and sometimes change
             | depending on what wavelength is irradiating them.
        
               | jqpabc123 wrote:
               | Upside down and backwards.
               | 
               | The difference is not instantly apparent under UV.
               | 
               | Only about 30% of natural diamonds have fluorescence ---
               | which is *caused* by impurities and imperfections in the
               | material.
               | 
               | Manmade diamonds tend to lack this because they have
               | fewer impurities and imperfections. Equating increased
               | perfection and purity with inferiority is highly
               | debatable and smacks of marketing BS.
        
               | 9dev wrote:
               | Reminds me of the "vinyl is superior for its warmer
               | sound" discussion, with a similar argument...
        
           | tehlike wrote:
           | No one in the target audience cared about the age or the
           | uniqueness as much as the size and the status it supposedly
           | signals.
        
           | mc32 wrote:
           | I agree. Kind of like factory vases vs hand thrown or glass
           | blown vases. They're practically the same but some people
           | will pay lots more for certain hand made ones.
        
           | loloquwowndueo wrote:
           | The atoms in the synthetic diamond are billions of years old
           | as well.
        
           | CommieBobDole wrote:
           | Every piece of gravel is unique and millions of years old,
           | too.
        
             | spwa4 wrote:
             | Indeed. The oldest things on earth are the hydrogen atoms.
             | Literally all of them were formed in the first 3 minutes
             | after the big bang. So all of them have the same age,
             | billions of years old, down to a few seconds difference at
             | most.
        
               | rimunroe wrote:
               | > The oldest things on earth are the hydrogen atoms.
               | Literally all of them were formed in the first 3 minutes
               | after the big bang.
               | 
               | Stable hydrogen wasn't able to form until several
               | hundreds of thousands of years after the Big Bang when
               | the universe cooled sufficiently for electrons to bind to
               | protons.
               | 
               | Even assuming you're counting lone protons as hydrogen
               | atoms, it's still absolutely false. I don't know if
               | that's true for the majority of protons in the universe,
               | but there are mechanisms by which new protons are made
               | all the time. Neutrons can turn into protons through beta
               | decay, and high energy particle interactions like those
               | involving cosmic rays can produce brand new protons.
               | These processes can and do happen terrestrially.
        
               | spwa4 wrote:
               | > These processes can and do happen terrestrially.
               | 
               | ... and at rates that mean that the amount of non-big-
               | bang hydrogen is not even a trillionth of a trillionth of
               | the total.
        
               | rimunroe wrote:
               | > the amount of non-big-bang hydrogen is not even a
               | trillionth of a trillionth of the total.
               | 
               | I didn't say it was a huge fraction of the total. You
               | said "literally all of them" were from the Big Bang,
               | which is just wrong. Plenty of other processes produce
               | protons/hydrogen
        
             | nwienert wrote:
             | But not rare.
        
           | nradov wrote:
           | There's no such thing as "soul".
        
           | gooseus wrote:
           | https://ia801604.us.archive.org/27/items/everything-is-
           | bulls...
           | 
           | > We exchange diamond rings as part of the engagement process
           | because the diamond company De Beers decided in 1938 that it
           | would like us to. Prior to a stunningly successful marketing
           | campaign, Americans occasionally exchanged engagement rings,
           | but it wasn't pervasive. Not only is the demand for diamonds
           | a marketing invention, but diamonds aren't actually that
           | rare. Only by carefully restricting the supply has De Beers
           | kept the price of a diamond high.
           | 
           | Imho, that "soul" you describe is an artifact of human
           | sentimentality and a very successful marketing campaign by a
           | bunch of Afrikaner colonialists.
        
           | rollcat wrote:
           | > I'd say it's like AI music or art - something made by a
           | machine, for some reason, just doesn't have any "soul" to it.
           | 
           | Diamonds are a product of natural geological processes. (Or,
           | are grown in a lab, by recreating similar conditions.)
           | 
           | Music and art are products of human talent, skill, and labor
           | - that ML companies have used (without a license, permission,
           | or even credit) to build datasets that are now being used to
           | make money, at the expense of these artists.
           | 
           | These are not the same things.
        
             | pyman wrote:
             | Agree, though I think he meant one is real and the other's
             | fake.
        
           | kstrauser wrote:
           | The difference is that there's a detectable difference
           | between AI and human made art, at least today. The only
           | detectable difference between a correctly-made lab diamond
           | and one clawed out of the ground by children is that the
           | latter will have flaws. I'm sure you could engineer similar
           | flaws into the lab version if became fashionable.
        
             | decimalenough wrote:
             | You sure about that?
             | 
             | https://ai-art-turing-test.com/
        
         | shvdle wrote:
         | The entire point of a diamond is that it's expensive. People
         | buy them for status. Otherwise there are lots of gems that are
         | much more prettier, but they are not as expensive. It's like
         | saying people will stop buying branded clothes because
         | unbranded clothes have the same or even a higher quality for a
         | fraction of the price. Kinda misses the point.
        
           | jqpabc123 wrote:
           | _It's like saying people will stop buying branded clothes
           | because unbranded clothes have the same or even a higher
           | quality for a fraction of the price._
           | 
           | People buy inferior, counterfeit merchandise all the time
           | because they can't tell the difference.
           | 
           | But there is nothing inferior or counterfeit about a manmade
           | diamond. It is *exactly* the same material as a natural one.
        
             | shvdle wrote:
             | You miss the point. The only reason to buy a diamond is
             | that it is _expensive_. It doesn't matter if you could buy
             | the same thing cheaper. It doesn't matter that there are
             | better gems that are cheaper. You buy the diamond to show
             | that you can afford it. You buy someone a diamond to prove
             | how much they are worth to you.
             | 
             | Yes, you can buy a man-made diamond the same you can buy
             | counterfeit branded clothes. That only shows that you're
             | tasteless and that you can't afford the real thing.
        
               | jqpabc123 wrote:
               | You miss the point.
               | 
               | If it is strictly about the money, a larger man made
               | diamond can easily cost just as much as a smaller natural
               | one --- while instantly conveying to the untrained eye
               | the appearance of being more expensive.
        
               | xhkkffbf wrote:
               | If you like, I will sell you a personally autographed
               | photo of me. All for $1m cash. That's much more expensive
               | than a diamond. Anyone who buys this for their new wife
               | will prove that he REALLY loves her. $1m>>$35000.
        
         | mathiaspoint wrote:
         | It was never about the rocks. Like nearly everything else in
         | the economy it's really about attention.
        
           | jqpabc123 wrote:
           | The attention from a man made diamond is indistinguishable
           | from a natural one to most people.
        
         | xhkkffbf wrote:
         | I've bought some lab created diamonds made with CVD. THey're
         | great. If anything, they're too clear.
         | 
         | I recommend to all newly engaged couples to buy them and save
         | the money for more important things like raising children or
         | buying a home.
         | 
         | And if you look on eBay, you can get CVD diamonds for even
         | less. (At a bit of a risk, of course.)
        
         | ooterness wrote:
         | Like all other forms of carbon, diamonds will combust in the
         | presence of oxygen.
         | 
         | https://www.youtube.com/watch?v=Bfa-cKDzYSg
        
       | jxntb73 wrote:
       | I'm still conflicted about this. I understand the cost and blood
       | diamond debate and largely agree. But there is something about
       | diamonds that makes them divine: carbon atoms crystallizing and
       | bonding over millions to billions of years to form structures,
       | rated on a scale of color, clarity, cut, and weight. It's like
       | gold, primarily forged in cosmic events like supernova
       | explosions. Naaaaah let's just make it in a lab it looks the
       | same.
       | 
       | People are being priced out of art and beauty and it's a shame
       | economics and corruption make real diamonds dirty.
        
         | chasil wrote:
         | Unfortunately, De Beers controls the natural diamond supply,
         | and they leave much to be desired in corporate ethics.
         | 
         | https://en.m.wikipedia.org/wiki/De_Beers#Legal_issues
        
           | jxntb73 wrote:
           | And the US holds 50-70% of the total world market
           | capitalization, and yet here we are.
           | 
           | Believe 15A and 19A as much as you can believe De Beers'
           | 'Building Forever 2030 Goal's
        
         | K0balt wrote:
         | It's not just that, the economics of diamonds is completely
         | fabricated. Idk about these days, but debeers used to buy up
         | the vast majority of mined diamond, not to sell but to hoard or
         | destroy them to maintain scarcity.
         | 
         | I'm not even sure that all of these recent stories about lab
         | created diamonds to come out aren't actually a PR pitch to
         | advertise "natural" diamonds, an effort to emphasise the
         | difference in the public psyche.
         | 
         | Anything public facing that positions diamonds as expensive,
         | desirable, or valuable can usually be traced back to the
         | cartel. It's super common in movies and other media.
        
           | jxntb73 wrote:
           | I'm not excusing nor rationalizing prices and the economics,
           | obviously they hoard and manupulate the rates. Can't argue
           | with how dark that crap must be. All I'm saying is real
           | diamonds are 'better' and everyone knows it. Humans are
           | emotional and that's a good thing. The manipulation of it is
           | the bad thing. Trying to deny yourself of your emotions like
           | a monk and yet still wishing for the iconic symbolic
           | significance having 3month salary storybook ring, what are we
           | doing here. Pay more for the real thing because life is real.
        
             | cmsj wrote:
             | I wear a PS20 titanium wedding ring from Amazon. The
             | symbolic significance is what we imbue in it, not what it
             | itself is.
        
               | K0balt wrote:
               | 100percent on board. A marriage is only as meaningful as
               | the vows and the integrity of the people that made them.
               | The guests are there to witness and to celebrate. Trying
               | to make it about anything else only cheapens it.
               | 
               | If you can, put enough gold on her to get her out of a
               | jam and have some runway. Other than that it's just the
               | promises you keep.
        
               | kergonath wrote:
               | Titanium is cool, nothing wrong with it. It's not as
               | shiny as the noble metals but it's just as interesting.
        
               | pimeys wrote:
               | We did not even get anything. For what is a ring even
               | meant to be? To mark your partner, that he is yours?
        
               | K0balt wrote:
               | No, that's what the subcutaneous tracking chip is for.
               | lol.
               | 
               | But seriously, for us it matters, since she is much
               | younger than I am. We make an effort to signal that we
               | are a committed couple so that people don't make crass
               | assumptions.
               | 
               | Still, my ring is tungsten carbide and hers is a family
               | wedding band handed down in my family for generations.
               | Our engagement ring was also a family heirloom. In that
               | way the rings have meaning.
               | 
               | She likes to wear her ring because she feels like it is a
               | symbol of belonging, and I wear mine to honor our
               | relationship.
               | 
               | To us, the rings are symbolic of our vows, a gentle
               | reminder that our lives are in service of one another.
        
               | nicoburns wrote:
               | It can also be a reminder of that person, when they are
               | not physically present. Similar to keeping a photograph
               | of a loved one in your wallet.
        
             | K0balt wrote:
             | Yeah, idk. I'm not against the idea of a 3 month value
             | reserve as a financial security token to de-risk a marriage
             | proposal, but it should be something that can be liquidated
             | for a similar value. Just setting 3 months of your work on
             | fire is a really stupid and irresponsible move for most
             | people, and their kids are ultimately the ones that suffer.
             | 
             | Not only that, imagine this scenario: something terrible
             | happens. Your wife has to sell her jewelry to take care of
             | herself and your child. Would you rather have bought her a
             | $20000 ring that can maybe be sold for $3000? Or a ring
             | with actual intrinsic value that might actually be worth
             | more than what you paid, but at least fetch 80%.
             | 
             | When I think of how that would feel for her to know that I
             | paid a foolish amount for something of inflated symbolic
             | bling rather than a something of value, I get embarrassed
             | just imagining it. To me that is an abdication of duty.
             | 
             | That's the difference between diamonds and actual precious
             | stones, or at lower price points a nice heavy gold ring
             | with an inexpensive, lab grown gem.
             | 
             | For beauty, silicon carbide beats diamond hands down. If
             | you want value and natural origins, a quality ruby or
             | emerald is spectacular and actually rare and rationally
             | market-priced. Gold is nice.
             | 
             | Until you get into very large and actually rare stones,
             | diamonds are a scam, pure and simple. The value of a near
             | flawless 1 carat stone at the mine is about two hundred
             | dollars. Cutting costs about half that. To buy it, that
             | stone might fetch $7000. To sell it, you might get $1000 if
             | you're lucky. That is not a store of value. It's a symbol
             | of gullibility or a boast that I have so much money that I
             | can burn it without being irresponsible. The kind of boast
             | that if you can't back it up IRl makes you impossible to
             | take seriously.
             | 
             | If you just really, really like diamonds, knock yourself
             | out. But don't delude yourself into believing they are
             | valuable. Better yet, go get one yourself, smuggled out of
             | a mine or otherwise at the source. Get it cut and polished,
             | or better yet do it yourself. That I totally respect and
             | has character, integrity, and value baked in.
             | 
             | As for status or something like that, I suppose there is a
             | case to be made that it symbolizes a burnt offering. So
             | that makes sense, but only against a backdrop of
             | demonstrative excess. If you have a diamond ring and a loan
             | of any kind that is anything other than strategic tax
             | planning, that means your kids are worse off for your
             | vanity. If you've got more money than god and you want to
             | show that you can waste cash and it doesn't matter, wear
             | that ring studded with sub-museum grade diamonds a all day
             | long, you're making your point. It's vulgar, but you're
             | making your point. I can see it. It's like the track suit.
             | 
             | Otherwise, you may as well lace up your clown shoes.
             | 
             | But, that's just my opinion. In all reality it's a useful
             | social signal, like certain religious expression.
        
             | fallinghawks wrote:
             | > real diamonds are 'better' and everyone knows it.
             | 
             | Personally disagree. That whole "3 months' salary that will
             | last forever" thing? A lab diamond will last just as
             | forever as a mined one. I'd personally rather have one from
             | a lab than one dug out of the earth by some African dude
             | who spends his days sweating underground.
        
         | probably_wrong wrote:
         | I'm all in for finding beauty in our daily lives, but I'm not
         | sure diamonds are more special than other things we take for
         | granted. Oil and helium have also taken millions of years to
         | form, and yet no one spends a second before buying a plastic
         | duck or inflating a balloon. And if the point is that diamonds
         | are shiny and pretty (which is a fair reason for liking them)
         | there are other types of stones around just as good.
        
         | bloqs wrote:
         | there are many naturally occuring objects that have a similarly
         | dramatic timeline
         | 
         | the point is that westerners are completely drunk on the
         | marketing from de beers and its cost lives, not to mention the
         | disgusting machiavellian exploitation of what was once an
         | innocent courtship gesture into an aggressive commercial
         | enterprise, chiefly profiteering the hopelessly young and
         | naive.
        
         | dumbmrblah wrote:
         | I'm curious, how old are you? Age range works.
         | 
         | The article emphasizes that this is a generational thing and
         | I'm wondering which generation you fall into.
        
           | jxntb73 wrote:
           | The article emphasizes financial pressures on new couples due
           | to rising living costs making lab-grown diamonds more
           | appealing, and that's sad in my mind, it's sad that the cost
           | of living prices people out from nice things, it's sad that
           | people here are coping saying lab made are the same, which to
           | me is like saying a veggie patty is the same as a beef and
           | I'm a bad person for eating meat, that a knockoff purse is
           | the same as the brand name because they are both leather;
           | dematerialize and dissasociate from the world more why dont
           | you, oh are you above consumerism and so romantic you could
           | wear a string as a wedding band because its more about
           | meaning. What's the point of any fashion then. Of any art if
           | any paint will do. Gold is just metal too then.
           | 
           | [Born during Clinton's first term]
        
         | kergonath wrote:
         | > But there is something about diamonds that makes them divine:
         | carbon atoms crystallizing and bonding over millions to
         | billions of years to form structures
         | 
         | It does not take millions of years to form a diamond. It takes
         | hours. The million years are atoms sitting around doing nothing
         | before that, and then diamonds sitting around doing nothing
         | while some of them are eventually pushed to the surface.
         | 
         | You can say the same thing about any mineral. There is nothing
         | special about carbon or the diamond structure. If anything,
         | zircons are much more significant, being the oldest minerals we
         | can find.
         | 
         | > rated on a scale of color, clarity, cut, and weight.
         | 
         | This is nothing special. The colour of lab-grown stones can be
         | varied almost at will, and the rest is still an issue with
         | synthetic stones.
         | 
         | > Naaaaah let's just make it in a lab it looks the same.
         | 
         | That's the thing, though: it does (yes, some synthetic stones
         | have specific defects related to how they were made and they
         | tent to be too perfect if anything, but they still have the
         | exact same property). It's like complaining that the meat you
         | are eating comes from a farm instead of being hunted.
         | 
         | > People are being priced out of art and beauty and it's a
         | shame economics and corruption make real diamonds dirty.
         | 
         | Quite the contrary. Gemstones become more accessible to more
         | people. The diamond industry made its bed, being completely
         | corrupted from extraction to distribution. When stones are
         | cheap we can have discussion about their beauty instead of
         | their prices.
        
         | Ekaros wrote:
         | If the value is in perfection. Why would I not pick one that is
         | bigger, has less flaws and less impurities. It is like would I
         | prefer natural rain water or artificially purified water
         | without microplastics and pfas and so on... My pick should be
         | clear.
        
       | Jedd wrote:
       | This story - Diamonds are Bullshit - comes up regularly, and I
       | bookmarked it back in 2013 because it's _so good_.
       | 
       | https://news.ycombinator.com/item?id=5403988
       | 
       | There is nothing to miss about the impending death of the
       | 'diamond industry'.
       | 
       | (Oh, the link is broken on the HN 2013 story -- try this one:
       | https://priceonomics.com/diamonds-are-bullshit/ )
        
         | scoofy wrote:
         | When I saw the headline I immediately thought: "couldn't have
         | happened to nicer guys /s"
         | 
         | Why is it that everyone seems to have a soft spot for
         | industries that have some kind of monopoly, suddenly losing
         | that monopoly.
        
       | sorenjan wrote:
       | Apparently there's a big issue in Antwerp now that they're not
       | allowed to import diamonds from Russia. Maybe they should stop
       | fighting the synthetic diamonds and embrace them instead, as
       | something guaranteed free of human suffering and war
       | profiteering. But the whole industry hinges on manufactured
       | demand, so they'd rather see the trade move to other countries I
       | guess.
       | 
       | https://eutoday.net/antwerps-diamond-industry-facing-an-exis...
        
       | cut3 wrote:
       | Ive been seeing this same type of article for decades now. I
       | bought a 2 karrat flawless lab grown diamond in 2005 for around
       | $2k, and according to this article that size sells for $3,500.
       | Prices have increased it seems. I assumed they would drop as more
       | were made.
        
         | jxntb73 wrote:
         | A price appreciation of about 75% over roughly 20 years.
        
         | Jedd wrote:
         | The _new_ price has doubtless gone up, as inflationary
         | valuation benefits to the manufacturer / vendors.
         | 
         | The resale value of _your_ item has gone down.
        
         | aetherson wrote:
         | You shouldn't have gotten a 2 carat diamond that cheap at that
         | time. Either you got a really great deal for some idiosyncratic
         | reason or your recollection is off.
         | 
         | Here's an example article from the era:
         | https://www.washingtonpost.com/archive/business/2004/02/14/y...
        
           | Aurornis wrote:
           | I second this. There was no way to get a real, flawless, 2
           | carat lab grown diamond at the time for $2K.
           | 
           | I hope the parent commenter wasn't duped by someone selling
           | fake diamonds.
        
         | hackingonempty wrote:
         | According to the inflation calculator at bls.gov, $2000 in June
         | 2005 has the same buying power as $3,317 in June 2025. So in
         | real terms the price is about the same.
        
         | fallinghawks wrote:
         | Inflation is probably why the number is higher now.
         | 
         | A year ago I picked up a 1ct hearts and arrows (D/E. VVS1/2,
         | IGI certificate) from AliExpress for $360. I can see the hearts
         | and arrows and it tests as diamond. A few months later an
         | article came out about how lab diamonds stack up against mined,
         | and the author had also bought one with similar characteristics
         | from AliExpress for even less.
         | 
         | I just checked the same store and they're (not H&A but same
         | other stats) running around $125 plus a $14 tariff.
        
       | ginko wrote:
       | Diamonds need to become even cheaper. I want phone screens and
       | glasses made out of single sheets of diamond. I want heatsinks
       | and kitchen knives made out of the stuff.
        
         | js8 wrote:
         | Isn't diamond too brittle for all these applications?
        
           | holowoodman wrote:
           | No. Less brittle than normal glass, but not as good as
           | certain ceramics.
        
             | cubefox wrote:
             | Glass is very brittle, ceramics are also quite brittle. So
             | the "no" isn't obvious.
        
       | conductr wrote:
       | My wife is in the retail side of this market and I've had a lot
       | of second hand familiarity with the transition to lab grown.
       | 
       | What I find most interesting is the weight put on the ethical
       | side. I think it's overstated. When the issue became big, the
       | Blood Diamond movie, sales of lab grown did not markedly
       | increase. It took another decade or so to become more prevalent.
       | What changed over that time is the price, IIRC the price was
       | comparable to natural at the time the movie came out. Ethics were
       | not compelling enough for most people at that price. When prices
       | got about 50% of natural, it became much more compelling. Now
       | that it's around 10%, it's practically so compelling that buying
       | natural isn't even a real consideration for many people.
       | 
       | Anyways, I think people use the Blood Diamond talking point as a
       | socially acceptable reason- it's what they tell their parents and
       | grandparents who might judge them- but in reality it's almost
       | completely a financial decision. If the tables were turned and
       | natural diamonds became 1/10th the cost of lab grown, the market
       | would completely flip back practically overnight.
        
         | aprilthird2021 wrote:
         | I actually predict in a few years it will become more
         | fashionable to wear other jewels over diamonds given the rate
         | the prices are crashing at. When diamonds are competitive with
         | all the other gemstones, people start looking at those the same
         | way too
        
           | holowoodman wrote:
           | But as soon as that happens, other gemstones will come in
           | cheaper artificial varieties as well.
        
             | SpicyLemonZest wrote:
             | The biggest diamond alternative today, moissanite, is
             | always artificial - ironically because its natural form is
             | _so_ rare that it 's not obtainable.
        
           | spwa4 wrote:
           | Diamonds are quite possibly the only stone that isn't yet
           | essentially 100% artificial. Rubies, the next hardest stone,
           | is trivial to make artificially:
           | 
           | https://www.youtube.com/watch?v=ybcdRQmQcHQ
        
             | rowanG077 wrote:
             | moissanite is harder than ruby afaik. Also more beautiful
             | than diamond imo.
        
         | Spooky23 wrote:
         | Years and years of "diamonds suck" make a mark. It's an
         | evergreen topic online for a long time, and the people looking
         | at engagement rings in 2025 have been aware of the shittiness
         | of the diamond business for years.
         | 
         | The mining, corrupt trade practices, etc are all well known and
         | sometimes subject to enforcement action.
        
           | spwa4 wrote:
           | Seems to be the opposite ...
        
         | kergonath wrote:
         | > What I find most interesting is the weight put on the ethical
         | side. I think it's overstated. When the issue became big, the
         | Blood Diamond movie, sales of lab grown did not markedly
         | increase.
         | 
         | It was not a switch that was pushed the moment the movie went
         | out. In the grand scheme of things, the movie was not even that
         | popular. But there definitely was a realisation that diamond
         | prices were completely artificially inflated by an oligopoly,
         | and that there were many issues with how they were sourced.
         | 
         | Just because demand did not follow a step function when the
         | file was released does not imply that ethics are not relevant.
        
         | LightBug1 wrote:
         | Not necessarily.
         | 
         | When prices are equal, I'd wager the decision is: "if prices
         | are equal why wouldn't I buy the "real" thing? I'll just try
         | and justify to myself that it's sourced correctly".
         | 
         | When the price of the grown diamonds falls, the decision might
         | be: "Ok, so grown diamonds are cheaper AND more ethical? Ok,
         | I'm definitely buying grown".
         | 
         | If the ethics factor didn't exist, "real" diamonds would still
         | retain the kudos and still be valued highly over "nice but
         | fake" diamonds.
         | 
         | It's the ethics factor that pushes the decision over the line.
         | 
         | As an n=1 economic animal, that's what my behaviour would have
         | been anyway.
        
         | jsbisviewtiful wrote:
         | More people have caught on to the many terrible things about
         | natural diamonds over time and now we are finally at the
         | tipping point for lab grown to dismantle the unethical natural
         | diamond trade. The idea of lab grown needed time to gestate
         | with the public, which has been manipulated for decades about
         | the "value" of natural diamonds. Even when lab grown became a
         | thing, the natural diamond trade did its damnedest to
         | manipulate the public on the quality of lab grown vs natural.
         | Coincidentally, natural diamonds are overvalued due to decades
         | of market manipulation by a monopoly.
        
         | snowwrestler wrote:
         | But one big reason lab-grown diamonds are so much less
         | expensive now is economy of scale. Something had to start
         | increasing the demand to enable that. Especially considering
         | the large marketing investment against lab-grown gems by
         | established players, trying to make them seem "tacky." The
         | ethical issues have been a very capable counter-message to
         | that.
        
           | inetknght wrote:
           | > _Something had to start increasing the demand to enable
           | that._
           | 
           | Diamonds are used in all kinds of things besides jewelry.
           | Industry needs that economy of scale.
        
             | acjacobson wrote:
             | True but industrial grade natural diamonds are very
             | inexpensive in comparison to jewelry quality ones.
        
           | zahlman wrote:
           | > Something had to start increasing the demand to enable
           | that.
           | 
           | Yes -- industry. From Wikipedia:
           | 
           | > Eighty percent of mined diamonds (equal to about
           | 135,000,000 carats (27,000 kg) annually) are unsuitable for
           | use as gemstones and are used industrially.[131] In addition
           | to mined diamonds, synthetic diamonds found industrial
           | applications almost immediately after their invention in the
           | 1950s; in 2014, 4,500,000,000 carats (900,000 kg) of
           | synthetic diamonds were produced, 90% of which were produced
           | in China. Approximately 90% of diamond grinding grit is
           | currently of synthetic origin.[132]
           | 
           | > ...
           | 
           | > Industrial use of diamonds has historically been associated
           | with their hardness, which makes diamond the ideal material
           | for cutting and grinding tools. As the hardest known
           | naturally occurring material, diamond can be used to polish,
           | cut, or wear away any material, including other diamonds.
           | Common industrial applications of this property include
           | diamond-tipped drill bits and saws, and the use of diamond
           | powder as an abrasive.
        
             | snowwrestler wrote:
             | The process to produce industrial diamonds (essentially,
             | very hard dust) does not meaningfully help scale the
             | process to produce first-quality synthetic diamond gems for
             | jewelry.
             | 
             | As your quote points out, synthetic industrial diamonds
             | have been available for many decades. But it is only
             | recently that synthetic diamond gems have achieved
             | popularity and price advantage for jewelry.
        
         | pengaru wrote:
         | When I was a kid in the 80s my mother worked at a jewelry store
         | and CZ diamonds were already considered cheap fakes at the
         | time. The price was not comparable to the real deal because
         | nobody was buying them at diamond prices.
         | 
         | They were simply dismissed as more trash belonging in the gold-
         | plated case. It's hard to appreciate how much less informed
         | people were back then - we're talking pre-internet. The adults
         | around me couldn't explain scientifically what the actual
         | difference was between a CZ and natural diamond. Just one was a
         | fake, held little value, and was a sure way to lose your
         | fiance.
        
           | thfuran wrote:
           | Cubic zirconia isn't synthetic diamond at all.
        
         | jterrys wrote:
         | What you're seeing in the drop of value of diamonds also
         | reflects the general shift in tastes of different generations
         | with income. I'm a person that likes to go to flea markets and
         | antique stores on the rare occasion and the value of the same
         | items on the market has drastically shifted in the last 10
         | years as boomers are no longer in the collectible age bracket.
         | Younger people don't really care about Tiffany jewelry
        
         | jjtheblunt wrote:
         | i think you overlooked a general revulsion towards monopoly and
         | therefore DeBeers, their laughable (though long effective)
         | marketing, though agree it's mainly economic.
        
       | Henchman21 wrote:
       | Obligatory:
       | 
       | "Have you ever tried to sell a diamond"
       | https://cdn.theatlantic.com/media/archives/1982/02/249-2/132...
        
       | dang wrote:
       | Diamond threads are forever!
       | 
       |  _Natural Diamonds Had a Rough Year_ -
       | https://news.ycombinator.com/item?id=42592424 - Jan 2025 (6
       | comments)
       | 
       |  _See how a lab-grown diamond is made_ -
       | https://news.ycombinator.com/item?id=42257245 - Nov 2024 (49
       | comments)
       | 
       |  _Synthetic diamonds are now purer, more beautiful, and cheaper
       | than mined_ - https://news.ycombinator.com/item?id=41488353 -
       | Sept 2024 (490 comments)
       | 
       |  _Diamond industry 'in trouble' as lab-grown gemstones tank
       | prices further_ - https://news.ycombinator.com/item?id=40585594 -
       | June 2024 (39 comments)
       | 
       |  _UK mining giant to offload De Beers diamond business_ -
       | https://news.ycombinator.com/item?id=40359867 - May 2024 (7
       | comments)
       | 
       |  _Forget billions of years: Researchers have grown diamonds in
       | just 150 minutes_ - https://news.ycombinator.com/item?id=40172784
       | - April 2024 (61 comments)
       | 
       |  _Lab Grown Diamonds Are Too Perfect for Their Own Good_ -
       | https://news.ycombinator.com/item?id=39298644 - Feb 2024 (1
       | comment)
       | 
       |  _Diamonds Suck_ - https://news.ycombinator.com/item?id=38247300
       | - Nov 2023 (163 comments)
       | 
       |  _The diamond world takes radical steps to stop a pricing plunge_
       | - https://news.ycombinator.com/item?id=38245762 - Nov 2023 (588
       | comments)
       | 
       |  _Diamonds are losing their allure_ -
       | https://news.ycombinator.com/item?id=37508058 - Sept 2023 (128
       | comments)
       | 
       |  _Have You Ever Tried to Sell a Diamond? (1982)_ -
       | https://news.ycombinator.com/item?id=37396372 - Sept 2023 (11
       | comments)
       | 
       |  _What 's the case for naturally mined diamonds anymore?_ -
       | https://news.ycombinator.com/item?id=37275308 - Aug 2023 (49
       | comments)
       | 
       |  _Man-made diamonds are falling in price and appealing to more
       | people_ - https://news.ycombinator.com/item?id=35748205 - April
       | 2023 (9 comments)
       | 
       |  _Diamonds Suck (2006)_ -
       | https://news.ycombinator.com/item?id=26698511 - April 2021 (53
       | comments)
       | 
       |  _Diamonds aren't special and neither is love_ -
       | https://news.ycombinator.com/item?id=25978139 - Jan 2021 (90
       | comments)
       | 
       |  _Artificial diamonds creation process generating lonsdaleite_ -
       | https://news.ycombinator.com/item?id=25158428 - Nov 2020 (61
       | comments)
       | 
       |  _Diamonds Are Bullshit_ -
       | https://news.ycombinator.com/item?id=25059605 - Nov 2020 (27
       | comments)
       | 
       |  _Billions of dollars of unsold diamonds are piling up around the
       | world_ - https://news.ycombinator.com/item?id=23502201 - June
       | 2020 (104 comments)
       | 
       |  _Shaking Up the Diamond Industry_ -
       | https://news.ycombinator.com/item?id=22209364 - Feb 2020 (120
       | comments)
       | 
       |  _Diamonds Keep Getting Cheaper_ -
       | https://news.ycombinator.com/item?id=21522898 - Nov 2019 (389
       | comments)
       | 
       |  _Have You Ever Tried to Sell a Diamond? (1982)_ -
       | https://news.ycombinator.com/item?id=20818618 - Aug 2019 (237
       | comments)
       | 
       |  _The Elite Club That Rules the Diamond World Is Starting to
       | Crack_ - https://news.ycombinator.com/item?id=20555503 - July
       | 2019 (200 comments)
       | 
       |  _Would You Pay $32,709 for a Lab-Grown Diamond?_ -
       | https://news.ycombinator.com/item?id=19287565 - March 2019 (34
       | comments)
       | 
       |  _Diamonds Suck (2006)_ -
       | https://news.ycombinator.com/item?id=17186457 - May 2018 (215
       | comments)
       | 
       |  _Diamonds Are Bullshit_ -
       | https://news.ycombinator.com/item?id=17184539 - May 2018 (45
       | comments)
       | 
       |  _De Beers admits defeat over man-made diamonds_ -
       | https://news.ycombinator.com/item?id=17183603 - May 2018 (439
       | comments)
       | 
       |  _Lab-grown diamonds threaten viability of the real gems_ -
       | https://news.ycombinator.com/item?id=16551147 - March 2018 (301
       | comments)
       | 
       |  _Lab-Grown Diamonds Come into Their Own_ -
       | https://news.ycombinator.com/item?id=13085273 - Dec 2016 (103
       | comments)
       | 
       |  _Diamonds Suck (2006)_ -
       | https://news.ycombinator.com/item?id=12944464 - Nov 2016 (576
       | comments)
       | 
       |  _A Lab-Grown Diamond Is Forever_ -
       | https://news.ycombinator.com/item?id=11903409 - June 2016 (106
       | comments)
       | 
       |  _What the diamond industry is really selling_ -
       | https://news.ycombinator.com/item?id=11099809 - Feb 2016 (83
       | comments)
       | 
       |  _Diamonds Suck (2006)_ -
       | https://news.ycombinator.com/item?id=10834567 - Jan 2016 (2
       | comments)
       | 
       |  _Diamonds are Bullshit (2013)_ -
       | https://news.ycombinator.com/item?id=9251952 - March 2015 (75
       | comments)
       | 
       |  _A Diamond Market No Longer Controlled By De Beers_ -
       | https://news.ycombinator.com/item?id=7793386 - May 2014 (111
       | comments)
       | 
       |  _When Diamonds Are Dirt Cheap, Will They Still Dazzle?_ -
       | https://news.ycombinator.com/item?id=7615712 - April 2014 (70
       | comments)
       | 
       |  _Diamonds Suck_ - https://news.ycombinator.com/item?id=6868968 -
       | Dec 2013 (3 comments)
       | 
       |  _Diamonds Are Bullshit_ -
       | https://news.ycombinator.com/item?id=6331565 - Sept 2013 (8
       | comments)
       | 
       |  _Diamonds Are Bullshit_ -
       | https://news.ycombinator.com/item?id=5403988 - March 2013 (734
       | comments)
       | 
       |  _Ask HN: How have HN readers bought diamond engagement rings?_ -
       | https://news.ycombinator.com/item?id=4971735 - Dec 2012 (25
       | comments)
       | 
       |  _Have You Ever Tried to Sell a Diamond? (1982)_ -
       | https://news.ycombinator.com/item?id=4535611 - Sept 2012 (225
       | comments)
       | 
       |  _Have you ever tried to sell a diamond?_ -
       | https://news.ycombinator.com/item?id=1405698 - June 2010 (85
       | comments)
       | 
       |  _Have you ever tried to sell a diamond?_ -
       | https://news.ycombinator.com/item?id=1110283 - Feb 2010 (76
       | comments)
       | 
       |  _The Facts About Diamonds (and why I don't like De Beers)_ -
       | https://news.ycombinator.com/item?id=1109318 - Feb 2010 (41
       | comments)
       | 
       |  _De Beers profits fall 92%_ -
       | https://news.ycombinator.com/item?id=722115 - July 2009 (25
       | comments)
       | 
       |  _Diamonds on Demand_ -
       | https://news.ycombinator.com/item?id=330749 - Oct 2008 (16
       | comments)
        
       | zahlman wrote:
       | > But some experts stress there is still a difference.
       | 
       | > Graham Pearson, professor with the University of Alberta's
       | department of earth and atmospheric sciences, says that the
       | natural formation of diamonds deep underground results in a
       | "complexity" you can't get with the lab-grown variety.
       | 
       | Okay; but why should I aesthetically prefer this?
        
         | kstrauser wrote:
         | Yep. In the context of what should be a very simple crystal
         | structure, "complexity" is another word for "defect".
        
           | OJFord wrote:
           | Exactly, at the same price yes the natural stone will have
           | more 'complexity' and be lower-graded than the lab one as a
           | result.
        
         | cubefox wrote:
         | Better question: Why should you aesthetically prefer a diamond
         | to cheap glass?
        
           | masfuerte wrote:
           | Because they don't look the same. Not even a little bit.
           | 
           | Glass doesn't sparkle.
        
             | throwmeaway222 wrote:
             | If that's what makes real diamonds special, these shoes
             | should we worth at least $100M
             | 
             | https://www.walmart.com/ip/Miluxas-Women-s-Glitter-Tennis-
             | Sn...
        
           | function_seven wrote:
           | Diamonds sparkle a lot more brilliantly due to their high
           | refractive index.
           | 
           | (Moissanite is even better, so it should be preferred over
           | diamonds unless I'm overlooking some other difference in
           | their attributes?)
           | 
           | But plain glass gems look comparatively bland when used as
           | jewelry.
        
           | recipe19 wrote:
           | You can make some plausible arguments against glass. It
           | scratches more easily and doesn't shimmer as much. But
           | synthetic sapphire is the same league and costs a lot less.
           | 
           | The modern-day aesthetic of diamonds is _just_ that they are
           | expensive. They 're not distinguished by utility, quality, or
           | appearance from cheaper products. The ultimate status symbol,
           | but also obviously a bit of an issue...
        
           | philjohn wrote:
           | Because the refractive index of diamond is higher than that
           | of glass, which makes it look prettier and "sparkle".
        
         | grues-dinner wrote:
         | A chip of concrete has more "complexity" than any diamond. But
         | somehow I bet Graham's wife isn't wearing a piece of Blue
         | Circle's finest.
        
       | deadbabe wrote:
       | If you pulled a diamond from the diamond rains on Neptune and
       | brought it to Earth, you're telling me it should be worth the
       | same as a shitty lab grown?
        
         | pkoird wrote:
         | If the chemical composition is the same, yes.
        
       | owenversteeg wrote:
       | My company buys a lot of diamonds - for industrial use, not
       | jewelry related :) The falling price of synthetic diamonds has
       | been a huge boon. Several processes I do right now would be
       | impractical without the use of "low-cost" diamonds - air quotes
       | because they are still not exactly cheap. So it is obviously in
       | my interest for consumers to switch to lab-grown diamonds and
       | thus drive volume up and prices down.
       | 
       | At the same time, I do understand the sentiment around wanting a
       | mined diamond. The whole idea behind a diamond engagement ring is
       | a marketing exercise backed up by a cartel, so if you're gonna
       | participate in the ritual you might as well do it right. There
       | are silly backstories buried in every part of human society
       | today, from "some king did it and everyone copied him" to "this
       | piece of land got special status a thousand years ago which
       | accidentally let it become its own country" to "my grandmother
       | was too poor to do XYZ the right way so we still do it her way."
       | That's just part and parcel of being human.
        
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