- Oct 11, 2011
I suspect they will be just like those other synthetics. So far they are - relatively little traction when at the same price (or more expensive) than their natural counterparts, gaining in popularity as a substitute for the natural as the price drops, until the price drops to where it is seen as "cheap" and therefore worthy only of costume jewelry. I think lab diamonds are currently so popular in bridal jewelry because they are only moderately less expensive than mined diamonds - maybe a $4000 ring instead of a $10000 ring, or whatever. When it drops to the difference being a $400 ring or a $10000 ring, I think you'll see more people opt back for natural diamonds, just because of the way human minds work and perceive value. If the price stabilized at $2k-$4k for a 1-2 carat ring, I think THEN there would be a problem. But DeBeers is already trying to undermine that possibility with their Lightbox brand. I'd look out for Lightbox reducing prices incrementally over the next 5-10 years.In all the debate around this issue, I have not heard anyone offer a persuasive argument as to why synthetic diamonds will not follow a similar trajectory to that of synthetic rubies, sapphires,and other true synthetic gemstones with the same optical and chemical properties of the natural. All those alternatives have found a separate niche in the jewelry trade, at the same time that their natural mined counterparts continue to increase in price. Why should diamond be different in that regard?