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7 Places to Get the Best Deals on Lab-Created Diamonds
And perhaps the best-known name in diamonds, De Beers, is betting on that trend. De Beers owns a company that opened a $94 million diamond manufacturing facility in Oregon in October 2020. And the price to manufacture a diamond in a lab continues to drop. A one-carat lab diamond cost an average of around $4,000 to create in 2008.
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One diamond growth machine costs hundreds of thousands of dollars, with an output of only a few diamonds per month. Synthetic diamond production is the creation of a raw good, which can best be compared to an industry like steel, rather than assembled goods like computer chips or electronics.
Why Lab-Created Man-Made Diamonds Aren't Cheaper!
This is not a one-off comparison. We analyzed many diamonds and the trend is the same. For example, a one carat I VS diamond cost $4,100 in 2017 and now is down to $2,850 (a 35% drop). We even saw a fascinating phenomenon that highlighted the alarming nature of the synthetic diamond price change.