People have long associated home shopping networks, and mocked them, for their sale of cubic zirconia jewelry. But The New York Times Sunday reported on a new kind of diamond simulant, made from gases, that don’t be distinguished from mined natural diamonds.
The story in The Times’s business section was headlined “When Diamonds Are Dirt Cheap, Will They Still Dazzle.” The article describes a new process, called chemical vapor disposition, that creates gems that even the experts can’t tell aren’t created by nature.
The story then poses this question: Will the price of natural-of-origin diamonds plummet when the market gets these new types of diamonds? You decide.