Tuesday, May 29, 2018

Report: De Beers to Sell Diamonds Made in a Lab

Bloomberg reports:
 ...De Beers says that its move isn’t to disrupt existing lab-diamond producers, but create a small, profitable business in its own right.
Of course they are lying.
A 1-carat man-made diamond sells for about $4,000 and a similar natural diamond fetches roughly $8,000. The lab diamonds from De Beers will sell for about $800 a carat.
 If they wanted a small profitable business they would sell them for $,3500 a carat. Still much cheaper than what competitors are getting but with maximizing the profit. At $800 they are simply trying to protect their crown jewels and "put daylight" between all lab grown gems and natural diamonds. 


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