New scientific breakthrough may make diamond mining industry go away

Discussion in 'Too Hot for Swamp Gas' started by busigator96, May 15, 2014.

  1. busigator96
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    busigator96 Premium Member

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  2. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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  3. MichiGator2002
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    All depends on how effectively marketed they are and how the marketplace reacts to them -- will they feel "authentic" to the diamond shopper? And will the valid ethical objections to the diamond industry be strong enough in the diamond shopper to overcome any skepticism they have? Otherwise, it's not going to make anything go away.
  4. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    The diamond industry has actually been in decline for some time although I remember hearing expectations it would rebound with the global economy. I think a lot of the most egregious parts of the industry also got better when DeBeers let go of the global monopoly around 2000.
  5. OklahomaGator
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    It will depend on the cost of the diamonds whether the jewelry industry will accept them or not. A less expensive manufactured diamond will drive down prices and cut into profits.
  6. busigator96
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    busigator96 Premium Member

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  7. helix139
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    helix139 VIP Member

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    The better question is will the fiance and her friends be able to tell the difference?
  8. busigator96
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    busigator96 Premium Member

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    :)
  9. Gatorrick22
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    Gatorrick22 Well-Known Member

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    It all depends on the quality of the man-made diamond and the price difference for me. If the MMD is far cheaper then bye-bye natural diamond/s.
    Last edited: May 16, 2014
  10. MichaelJoeWilliamson
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    MichaelJoeWilliamson Well-Known Member

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    I did not read the article, but isn't the biggest demand for diamonds in the industrial sectors? For drill bits, blade edges and the like? I doubt anyone cares about it being original or man made when it is on the end of a bit, as long as both perform relatively equal.
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