The commercial side has made huge progress, too. Look up "diamond making machine" on Alibaba. You can buy a high-pressure, high temperature six sided press for about US$200,000. A chemical vapor deposition machine is about the same price.
De Beers, the diamond cartel, has an R&D operation, Element Six. They sell synthetic diamonds for lasers and other exotic applications. The technology is good enough to achieve flaw levels in the parts per billion range, and to make diamond windows for lasers 10cm across.[1] This is way above jewelry grade.
Over on the natural diamond side, there's been a breakthrough. The industry used to break up some large diamonds during rock crushing. Now there's a industrial X-ray system which is used to examine rocks before crushing to find diamonds. It's working quite well. A 2500 carat diamond was found recently.[1][2] TOMRA, which makes high-volume sorters for everything from recyclables to rice, has a sorter for this job. This is working so well that there's now something of a glut of giant diamonds too big for jewelry.
The finishing processes of cutting and polishing have been automated. The machinery for that comes mostly from China and India.
Diamonds are now something you can buy by the kilo, in plastic bags.
[1] https://e6-prd-cdn-01.azureedge.net/mediacontainer/medialibr...
[2] https://www.forbes.com/sites/amandakooser/2024/08/23/monster...
[3] https://ikcabstracts.com/index.php/ikc/article/download/4101...