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posted by
martyb
on Monday November 19 2018, @12:57PM
from the all-that-glitters-is-not-natural-diamond dept.
from the all-that-glitters-is-not-natural-diamond dept.
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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China's Lab-Grown Diamonds Look Good
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TAPPING? You POLITICIANS! Don't you realize that the END of the "Wash
Cycle" is a TREASURED MOMENT for most people?!
(Score: 1, Interesting) by Anonymous Coward on Tuesday November 20 2018, @11:58AM
People have invented diamond making machines a couple of times already. One lot was selling diamonds in a range of colours.
Debeers always finds them and shuts them down. One way or the other.
What they should have done is built their diamond making machine and then onsold the diamonds on the secondary markets. Don't go near the diamond markets. Establish themselves as 'second hand diamond traders'. Mix in some real diamonds. Start raking in the money.
Never let an enemy know where you live if you can avoid it.