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Scientists grow diamonds from scratch in 15 minutes thanks to groundbreaking new process
(www.livescience.com)
this post was submitted on 22 May 2024
475 points (99.2% liked)
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Not in a profit driven economy...
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.