The emergence of affordable diamond-generating machines reflects the growing accessibility of lab-grown diamonds, threatening the stability of the traditional mined-diamond market.
As lab-grown diamond production becomes more efficient with machines like HPHT and CVD, the mined-diamond industry is facing challenges to maintain its pricing power.
Producing diamonds isn't straightforward; both HPHT and CVD methods require expertise, significant initial investments, and procurement of specific materials, complicating entry into the market.
Despite the initial costs and complexity, the lab-grown diamond market is seen as more ethical and sustainable compared to traditional mining practices.
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