Exactly.
And no longer a scarce resource, so of little value.
Diamonds are now a shitcoin 😂
Discussion
I bet the lab ones are expensive, too, tho. Use lots of energy, to create. 🤔 If the price of energy goes back up, natural ones may become cheaper than lab ones.
Same deal as lab-grown meat.
You can inflate supply with fake stuff, but it's only sustainable, so long as it's cheaper to produce, than the real stuff.
Actually no, as with most technologies, the process is refined and improved constantly. Calling them lab grown is a throw back to the early days. They are manufactured en-mass.
We have been able to buy mass produce industrial diamonds for decades for things like drill bits and cutting tools, but as the manufacturing process has improved, so the industrial diamonds have become much closer to natural diamonds to the extent that "cut" manufactured diamonds are indistinguishable from natural diamonds.
We got too good at making diamond cutting tools 😂
