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.
(Score: 3, Insightful) by bob_super on Monday November 19 2018, @06:16PM (1 child)
> 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.
(Score: 2, Funny) by Anonymous Coward on Monday November 19 2018, @11:29PM
Don't forget PBS. They created Barney.