Posted on 06/02/2018 3:36:53 PM PDT by 2ndDivisionVet
GRESHAM, Ore. (AP) — The De Beers Group has announced plans to manufacture synthetic diamonds at a factory in Gresham, Oregon.
The British diamond giant said in a news release Tuesday it will spend $94 million on the production facility over the next four years. Once fully operational, the plant will be able to annually produce 500,000 rough carats of lab-grown diamonds.
The diamonds will be marketed under the name Lightbox. They will retail from $200 for a quarter-carat stone to $800 for a one-carat stone — much less than traditional diamonds....
(Excerpt) Read more at usnews.com ...
not this woman. I don’t give a fig about jewelry- my diamonds are fakes, and my wedding band is pink silicone.
I have some beautiful jewelry b/c my husband thought “that’s what you do”. I gave most of it to my kiddos. Oldest does not care either- youngest likes the shiny stuff tho.
It reminds of , I think it was McCormack who started pushing Vanillin when Socialist Madagascar decided to go crazy on vanilla pricing.
The whole diamond business is a criminal conspiracy to limit supply and thereby keep prices artificially high. Part of the conspiracy is to convince women that they NEED diamonds.
Diamonds have never been valuable. Give me a honkin’ BIG GREEN EMERALD!!!!
“may not be forever, but is perfect for right now.”
Do they wear out or something?
I can finally get diamonds implanted in my grill...er, dentures.
It does not speak much of their business acumen to open a business in Oregon. The lefties will tax them up one side & down the other.
My wife is the same. “Whaddya wanna buy me that for? I’d rather have a new Kirkhams tent.” Lol.
I think you’re the exception, rather than the rule.
Both are created markets appealing to shallowness, snobbery and fools and their money.
You have to contrive a significant difference between good box wine and expensive stuff. Guess that makes me some kind of rube.
“I wonder if diamonds are still used in industry.“
Absolutely! I believe that th mine in Canada produces mostly industrial diamonds.
Why Oregon? I guess DeBeers doesn’t know much about which states are good to do business in.
So, are you saying that “synthetic” diamonds are just as useful for industrial purposes?
(I’ve never understood the diamond craze; it always seemed like a scam to me. Coloured stones are much more interesting; and if one must have a diamond, the fakes seem indistinguishable these days.)
Agree. I like sapphires. All types, especially star and synthetics.
Read a similar articles two days ago and it was going to be $600 a carat, two daya later it is $800 a carat. Thirty-three percent increase in two days.
By the time the plant comes online it will probably be $2500 a carat.
Oh, they’ll find a way to make money.
I’ve never been terribly interested in the monetary value of something like this, but in the aesthetic value (admittedly, though, this is probably because I’ve never been in a tax bracket to think of something like this as an ‘investment’ - and I’d rather have farmland, anyway ;-)
I think I recall reading that Coco Chanel was sort of famous for mixing higher quality stones with paste in her jewelry designs, to achieve the effect that she desired.
I always thought that was a sort of transcendent and enlightened approach ;-)
Yes, and potentially much better!
Oh! Maybe I had better learn something about ‘investments’ after all ;-)
Maybe, but be advised the price pressures on electronic materials are draconian.
How else could a calculator be so cheap?
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