Absolutely. As you say, diamond is a material that is really worth nothing to harvest. So nobody really has a plan to go amd mine it.
Industrial production of diamonds for machinery like industrial cutters is quite extended and the product is getting cheaper and cheaper.
Diamonds for jewelery, that come from mined mineral, however keep an expensive price but who knows if that will continue as it is.
https://www.reuters.com/article/us-diamonds-debeers-synthetic-analysis-idUSKCN1OK0MQ
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Oooh I didn't know about this lab-grown stuff. Interesting... although buying diamonds is a "no no" for me ;)