This shows that there's really only a slight decrease from 2020/21. Considering inflation, that drop in value is even greater, and a good thing, but their monopoly will only be destroyed when the cost of lab diamonds are similar.

[–] [email protected] 23 points 5 days ago

Huh? This is per carat. Also lab diamonds are perfect and much better than what you would find. They are now trying to market diamonds that have flaws as better than a perfect diamond. It's really fucking stupid. Before, it was the less flaws they have, the more value. Now with lab diamonds, you need to have some flaws.

Most of the jewelers in town where I live have closed shop. Lab grown is definitely having a huge overall impact to the cost of diamonds as a whole. Hopefully diamonds will be a thing of the past soon and we can use them for other applications.

[–] [email protected] 3 points 5 days ago

You're reading the graph backwards. The lab diamonds have been cheaper for a long time. De Beers made diamonds a fashion statement so long ago that a lot of their marketing tricks are assumed to be just general lore.