Scientists have used a new technique to synthesize diamonds at normal, atmospheric pressure and without a starter gem, which could make the precious gemstones easier to grow in the lab.
It depends; if a company can use this to make them stupid cheap, then selling them stupid cheap to undercut all their competitors could still make them more money than keeping the price the same and pocketing the saved production costs.
I was making a jab. I’m aware of market forces, but price memory is a thing and often the true cost of production isn’t reflected in consumer pricing. Especially when an industry just decides they can keep prices where they are if not raise them, looking at you egg producers.
It depends; if a company can use this to make them stupid cheap, then selling them stupid cheap to undercut all their competitors could still make them more money than keeping the price the same and pocketing the saved production costs.
I was making a jab. I’m aware of market forces, but price memory is a thing and often the true cost of production isn’t reflected in consumer pricing. Especially when an industry just decides they can keep prices where they are if not raise them, looking at you egg producers.