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I always wondered what lab grown diamonds for jewelry would cost, so I googled "Ritani". Wow, you can get a 3 carat, VVS1/VVS2, ideal cut, colorless for $3,000
by refurb 3y ago
I always wondered what lab grown diamonds for jewelry would cost, so I googled "Ritani".
Wow, you can get a 3 carat, VVS1/VVS2, ideal cut, colorless for $3,000. That's a huge stone and very high quality.
That would be a $15,000+ diamond if natural.
- A_D_E_P_T 3y agoThis is really quite new. China and India, just over the past few years, have turned synthetic diamond production into a serious industry, and the fact that there are so many small producers is leading to a "race to the bottom" on pricing. A race we're now right in the middle of. Within just a few years, synthetic diamond might be nearly as cheap as synthetic ruby. (The raw materials are equally cheap, but making diamond is a more laborious and energy-intensive process, so it'll always be somewhat more expensive.)
- causi 3y agoWhat's the profit margin on a 0.6 gram chunk of fancy carbon being sold for three grand?
- kuschku 3y agoNot much, production cost is closer to that of RAM or a CPU than to a graphite pencil, as it's usually produced in the same way as semiconductors are.
- wtfmcgrill 3y agoThe margin is in cutting and faceting. The Swiss make a CNC diamond cutting machine that can cut and facet a diamond in about an hour vs days for manual cutting.
- npteljes 3y agoVery large, judging from the second hand market values.