Articles about Diamond Prices
I get questions about this often and thought I would present something of an answer. Simulants are a different thing, and most of them ARE pretty cheap, but colorless and near-colorless lab-grown diamonds are pretty close to the prices of their natural counterparts. This often comes as a surprise, because people have seen or read things to the contrary, and because the whole synthetic gemstone business has precedents.
In nearly every case the answer is no.
Shoppers are accustomed to the idea that when they buy something at a store, the merchant will add a little bit at the end that will be identified as sales tax. It ranges from a few percent up to as high as 10.25% in Chicago. The rate charged will be based on the location of the store and usually people just grumble about it, pay it and that’s the end of the deal. The merchant will accumulate their tax collections and periodically submit them to the taxing authorities who will then distribute them to the appropriate agencies.