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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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(Score: 4, Interesting) by arslan on Monday November 19 2018, @11:54PM
Sure they are, but so is the chinese commie party. If this Lab has the Chinese Commie party's backing, my money's on the Chinese to squash them like bugs. Maybe DeBeers can go toe-to-toe with the next big corp or even small-mid sized govies, but going against the Chinese behemoth is suicide.