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gachamyte t1_iz0rizc wrote

Reply to comment by PhilosoFishy2477 in Scientists have analyzed the specific labor costs for producing a 1 carat diamond in mines and through artificial synthesis. The work of human turned out to be more effective: 26 minutes versus 2-3.5 hours. by Skoltech_

People may be aware or know yes. Do they care? What kind of discount are we talking?

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Shiredragon t1_iz1wlh1 wrote

Cheaper for lab. While the cost to produce is up, the diamond monopoly artificially keeps prices for gem quality diamonds high (from their controlled natural sources). This means that there is currently a stigma associated with ‘fake’ lab grown diamonds. It is going away now, but is not gone. All these factors combine to mean that the consumer will pay less for a lab diamond than nature diamond of similar size.

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Strazdas1 t1_iz44qxh wrote

discount? no, you are paying more. and we are making it illegal to sell the cheaper diamonds that require no exploitation to produce because 'authenticity'.

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