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kniveschau
Manufacturing synthetic diamonds quickly and more cost-effective

Link: https://www.nytimes.com/2015/11/12/science/borrowing-from-solar-and-chip...

 

When I first heard about lab-grown diamonds, it kind of blew my mind. After seeing several documentaries though about how the price of diamonds is largely due to the monopoly and the romanticization of it, I'm glad science is finding a faster and cheaper way to make them. 

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Korry

I won't even pretend I understand this. It's cool scientists have proven they are able to do this, but.. why? Real diamonds are something special, every girl knows that. And they are expensive for a reason. Synthetic diamonds have so many limitations and are basically without any value, but on market they are expensive almost like real ones.   

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Vincent Vega

If they already found a way to make diamonds at a cheaper cost, then the price or the value of diamonds may decrease as well. Sounds good for girls eh?

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Bonsai Girl

@Vincent Vega, I understand you as a male can't understand this lol

Diamonds are so much more than stones. They are a symbol, an idea and a social status. Economists would say Veblen good. Not everyone should be able to afford diamonds and they are meant to be special thing for special people.

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Hyden Sober

@Vincent Vega 

Diamond is not only used for jewelry, you know this is mostly used in many industrial works like cutting hardy materials. If you flood the market with cheap diamonds, everyone is going to assume that their inferior somehow, or that 'artificial' is somehow 'less good' because they don't know any better. If someone offers you a brand new Mercedes for the price of a Hyundai, you would assume that you're being tricked.

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Vincent Vega

@Bonsai Girl @Hyden Sober

Since there is already a way on how to manufature or create diamond easily and cheaper, then the supply of the diamond will increase, right? There's a possibility of increase of demand as well because, again, it's more cheaper. I'm not saying that it will, but there's a possibility. 

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linknotzelda

This is a great video that explains why diamonds are expensive and why I think synthetic diamonds are a great thing.

 

https://www.youtube.com/watch?v=yplI48hSt2E

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