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posted by martyb on Monday November 19 2018, @12:57PM   Printer-friendly
from the all-that-glitters-is-not-natural-diamond dept.

De Beers Fights Fakes With Technology as China's Lab-Grown Diamonds Threaten Viability of the Real Gems.

The South China Morning Post writes that the dominant diamond player De Beers is reacting badly to the arrival of large numbers of good, tiny, lab-grown diamonds. The synthetics challenge the widely-promoted assertion that diamond prices only go up. However, labs are now able to produce chemically identical gem-quality stones, indistinguishable by the naked eye from mined diamonds, in quantities pushing 200k carats of diamonds per month. Synthetic diamonds still only account for %1 of rough diamond sales globally, but that is expected to expand to between 7.5% to 15% by 2020.


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  • (Score: 3, Insightful) by bob_super on Monday November 19 2018, @06:16PM (1 child)

    by bob_super (1357) on Monday November 19 2018, @06:16PM (#763950)

    > They are the one corporation that I genuinely fear.

    They sell diamonds.
    I'm pretty sure they rank far below Monsanto, Dow & friends, Big Pharma, Big Oil, most of Wall Street ... on the list of evil corporations to be worried about.

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  • (Score: 2, Funny) by Anonymous Coward on Monday November 19 2018, @11:29PM

    by Anonymous Coward on Monday November 19 2018, @11:29PM (#764066)

    Don't forget PBS. They created Barney.