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Scientists at De Beers Fight the Growing Threat of Man-Made Diamonds (wsj.com)

"In the past few years, lab-grown diamonds have become indistinguishable from natural diamonds to the naked eye..." reports the Wall Street Journal. This creates a problem for diamond-mining company De Beers. HughPickens.com writes: While synthetics make up just a fraction of the market, they have growing appeal to younger buyers -- a headache for mine owners, who are under pressure to cut supply and lower prices, because traders, cutters and polishers are struggling to profit amid a credit squeeze and languishing jewelry sales... "Martin Roscheisen, chief executive of Diamond Foundry Inc., a San Francisco synthetic-diamond producer with a capacity of 24,000 carats, says he believes nearly all diamonds consumers purchase will be man-made in a few decades," reports the Journal. "To counter the threat, last year De Beers helped launch a trade association with other producers to market the attraction of natural diamonds. It also started marketing a new, cheap detector called PhosView, that uses ultraviolet light to detect lab-grown stones that quickly screens tiny synthetic diamonds.
It always seemed like a waste of money to me. After all, it's literally raining diamonds on Saturn.

4 of 365 comments (clear)

  1. Re:Good. by Anonymous Coward · · Score: 4, Funny

    They can measure that in massacarat.

  2. Re:mountains of diamonds by penguinoid · · Score: 5, Funny

    ' a headache for diamond mine owners, who are under pressure

    If they were under enough pressure, they could turn coal into diamonds.

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    Don't waste your vote! Vote for whoever you want, unless you live in a swing state it won't matter anyways
  3. Re:mountains of diamonds by Anonymous Coward · · Score: 3, Funny

    I bought a cruelty-free diamond. Gave it to my now ex-wife and turns out it was full of cruelty.

  4. Re:mountains of diamonds by newcastlejon · · Score: 4, Funny

    She gets 90%. The government gets 40% or more in taxes. Where does that leave you?

    Screwed. Isn't that the point of this arrangement?

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    If God forks the Universe every time you roll a die, he'd better have a damned good memory.