This is interesting. Technically no, you can't compare lab diamonds to fakes because
they're not fakes.
But I understand, emotionally, if you compare them from an angle of "status symbol for cheap" then yes, lab diamonds are making it so big mined diamonds no longer stand out as a status symbol.
However, many people buy diamonds for reasons other than status (ie its hardy, scratch-resistant, sparkly properties...), so it's rather rude to accuse ALL lab-buyers of wanting to pass it off as a status symbol (whereas fake bag buyers are definitely in it for showing off).
The actual bag equivalent of a lab diamond might be Hermes outsourcing somewhere, making the exact same bag at the same standards with the exact same materials, but using a cheaper/faster labour force. Identical quality end products, except one is stamped "made in Paris" in tiny font inside, and one is priced much cheaper. They'd never do this of course, as it'd collapse their status symbol, but it'd be perfectly legal and a good comparison to lab diamonds.
People that want visible status symbols will have to switch from big shiny rocks to something else, while people that just find hard shiny things pretty can continue to enjoy it more and more accessibly in years to come.
