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Lab-grown diamonds threaten viability of the real gems

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Re: Lab-grown diamonds threaten viability of the real gems

#14

From the article: >The arrival of lab-grown diamonds has challenged the widely-held assumption that diamond prices could only go up I'll admit I don't know a lot about the diamond market and perhaps I'm misinformed, but how on earth was this a widely held assumption? In a world where people are increasingly aware that De Beers and other companies hold major stockpiles of diamonds solely to keep the price inflated, an…

Maybe one day people will also realize that diamonds or other gems have "no intrinsic value", at least when used as jewelry. I know, crazy, right?

Re: Lab-grown diamonds threaten viability of the real gems

#15
As the price of diamond continues dropping, I wonder if people will find more interesting applications of the material and it'll eventually become as mundane as things like steel and aluminium. Besides its hardness, it also has very high thermal conductivity. Diamond is still too expensive to be a bulk material, but I look forward to when things like this become cheap and commonplace:

https://en.wikipedia.org/wiki/File:Single-crystal_CVD_diamon...

Re: Lab-grown diamonds threaten viability of the real gems

#16

> De Beers fights fakes with technology as China’s lab-grown diamonds threaten viability of the real gems From what I understand, these gems are actually better than natural ones, since they're 100% pure. Maybe it's time to call lab-grown diamonds "real" and mined ones "fake".

Saying lab grown gems are fake is like saying "Is that Orchid you bought me a fake from greenhouse or a real one that someone picked from a jungle?"

It's funny what massive marketing campaign can do.

Re: Lab-grown diamonds threaten viability of the real gems

#17

From the article: >The arrival of lab-grown diamonds has challenged the widely-held assumption that diamond prices could only go up I'll admit I don't know a lot about the diamond market and perhaps I'm misinformed, but how on earth was this a widely held assumption? In a world where people are increasingly aware that De Beers and other companies hold major stockpiles of diamonds solely to keep the price inflated, an…

An assumption can be widely held even if most informed people would dispute it. For example the widely held belief that housing prices will only go up, despite historical and theoretical arguments to the contrary.

Re: Lab-grown diamonds threaten viability of the real gems

#18

> De Beers fights fakes with technology as China’s lab-grown diamonds threaten viability of the real gems From what I understand, these gems are actually better than natural ones, since they're 100% pure. Maybe it's time to call lab-grown diamonds "real" and mined ones "fake".

Yeah, what are lab gems if not real? Imaginary?

If god herself could not tell the difference in a blind test, then there's no significant difference. Except price of course.

Re: Lab-grown diamonds threaten viability of the real gems

#19

About 10 years ago, I had to deal with a vivid bunch of folks from Belgium. Some of them were related to the diamond industry in Antwerp. One just came back from Congo where he got screwed by a local hi-tech crook that managed to fake a diamond using a plain kitchen microwave oven. No idea how authentic his story was, but the microwave fake stuck in my memory.

That made me google and this came up... http://www.instructables.com/id/How-to-Make-a-Synthetic-Diam...

Edit: cook it real good! https://www.youtube.com/watch?v=bWhtkkOYoxo

Re: Lab-grown diamonds threaten viability of the real gems

#20

What's the difference man made or natural diamonds are no different.

In what sense?

I think that from quality, cost, and feature senses, there's lots of differences.

Quality - industrial diamonds won't have the flaws that natural diamonds do. In some cases natural flaws add value, but that's a rare exception.

Cost - the cartel keeps natural diamonds' prices inflated - so industrial diamonds win out again.

Features - read the HN comments I quoted from 2013 in a sibling comment - evidently the industrial process allows for some creative colouring via the use of various gases. It means that matching the common 'rare' colours of natural diamonds is quite easy, but also means there's a bunch of new colours and effects that you just won't find naturally.

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