by WhatAboutTheCats » Nov 15, 2018 Hmmmm I understand where your perspective comes from and I understand why you feel thus. I think your handbag analogy is misplaced though. Additionally, your tone is disparaging. The growth pattern is different for lab grown diamonds but in all other respects that matter in chemistry, lab grown diamonds are diamonds. For many people who have a background in the sciences, or have a love for all things new in technology, there isn’t much of a mental block to viewing a lab diamond as just a diamond. I understand why you would presume those who opt for lab-growns must be poor. The heuristic is that buying cheaper when there are more expensive (OG) options == must not have money. In actuality, it may be true, SOMETIMES. Because there certainly aren’t many lower income people who are buying a cheaper $10k diamond. (And please keep in mind the average and median net worth of Americans by age). There are those who have a more limited budget and want the best possible for the price; I say more power to them. In other cases, many young people were traumatized by the last recession and thus plan to live conservatively (the tide went out and they saw many were swimming naked). And it is by living and spending conservatively that they are on their way to becoming high net worth individuals. There are a whole bunch of people who are high income and well on their way to becoming high net worth that you would never suspect — precisely because they spend much less than they can. So judging someone’s liquidity (since the single greatest asset of most Americans is their home) based on how much they spend, isn’t reliable once you are looking at middle to upper middle class groups. And lastly, younger people have mostly fallen out of love with diamonds. Lab growns might be a way to get them interested again (the science, the fact that it’s supposed to be more eco friendly, and the newness of gem quality stones, and of course lower prices) Don’t even get me started on the resale argument. Buy a $24,000 diamond and manage to sell it for $7000 and you’ve lost $17,000 (not to mention the opportunity cost of the cash). Buy a $6000 lab diamond, cannot sell it at all, and you’ve still only spent/lost $6000 (and lower opportunity cost). Diamonds aren’t investments. It’s a luxury item. And if purchased, IMO, shouldn’t be thought of as retaining much value. I don’t understand why the higher price of mined diamonds is considered to be value added. Do people enjoy diamonds for the high price or for the look? If anyone wishes to make money off of diamonds, they should invest in diamond circuitry.