Synthetic Diamonds
Material sciences will eventually catch up, and it is catching up.
Edit: Posted with the wrong account. Amount will be contributed to @communitycoin.
Material sciences will eventually catch up, and it is catching up.
Edit: Posted with the wrong account. Amount will be contributed to @communitycoin.
Dont know how to accept this, weather to see it as a good thing or a bad thing. Maybe I would say this is coming with mixed feeling coz honestly I would say it's exciting to know that the price of diamonds will soon fall and diamonds will be available to all. But on the flip side , I feel so much for those who are holders of the original diamonds . They are gonna loose big Time.
Well that's basically what they can do for now. They should invest all they got to this coz if they don't, it's gonna be a very big loss for them.
Have you watched blood diamonds? DeBeers has been killing a lot of people to keep their diamond monopoly in place. This monopoly is the only reason diamonds have any price.
Diamonds are very common. Anyone who has invested in diamonds has invested in a scam. A scam perpetuated by DeBeers, through holywood and other advertising. "Diamond are a girls best friend" - paid for by DeBeers.
So, i hope this bloody monopoly comes to a bloody end. If anyone on this planet deserves it, it is them.
I am sorry for anyone holding a diamond for its trading value.
Debeers is a monopoly for diamonds. They corner the market and limit the supply so that the ones that are in circulation rise in value.
During the early 2000s popular science and a PBS documentary was already bringing up the fact the man made diamond are getting better and closer to the real thing. I for one personally think this is wonderful for many reasons.
https://www.pbs.org/wgbh/nova/tech/artificial-diamonds.html
This will slow down and maybe even stop the blood shed happening in Africa and other parts of the world in regards to mining diamonds.
The ridiculous prices for large diamonds make no sense to me. Who on earth went and paid $60 million for a pink diamond is beyond me? But realistically wedding rings are costing a arm and a leg. If technology can bring down the cost it makes life better for most of us. I have no sympathy for Debeers.
https://money.cnn.com/2017/04/04/luxury/pink-star-diamond-auction-sothebys/index.html
Honestly technology will one day make something more advance than diamond. Why not proceed forward rather than holding back. Sort of like cryptocurrency where banks are trying to hold back the technology where in fact it is superior ;) Thanks.
Good morning, @Kevinwong. I actually saw your original post about diamonds being nothing in the small hours of my morning, but thought to comment when a little more awake :)
Synthetic diamonds, sounds like a good band name, or euphemism for fake emotion, basically, a great writing prompt!
By association, I also think of the cynic philosopher, Diogenes, and his epiphany to 'Change the value of the currency...'
(or to challenge established customs and values).
I dunno that I care much for diamonds either, but heard girls do, so wed mine with one. Otherwise, crypto all the way :)
Lab-grown diamonds huh?
We would get to that point...eventually
Their interest is to get to jewelry market and expand?Their original purpose was in oil drilling industry...Guess they see there is a lot more money they could go after,right?
De-Beers bought the tech from a startup probably 2 years ago that would allow them to construct diamond cpu's for wearable and heavy duty electronics. Probably gonna be a space, deep sea and earth excavation tool to use fro sensors and what not at extreme tempratures and so on.
For wearable because diamonds unlike silica do not get hot. I think Google can confirm it. It made me a huge impression back then.
Damn right @kevinwong.. I had a few friends that had invested much in them and honestly speaking they admitted to me how they regret the decision they made in investing in the diamonds when I showed them the price when bitcoin hit it's peak at the end of last year... I advised them to sell and invest in cryptocurrency such that they don't live to regret another time when prices come to rise and they have not invested.. Am glad many followed my advice and though the prices are in a dip, they don't regret investing in cryptocurrency. And I feel they'll celebrate when everything goes fine.
wow, just got to know there are synthetic diamonds too.
What is more terrifying is that they are chemically identical to real diamonds.
Some problem the diamond market has got there.
With every passing day, synthetic diamonds are becoming more and more sophisticated and close to the original natural ones. I don't know how much longer De Beers are gonna hold on with identifying this. Am afraid soon diamonds might start devaluation.
Are the synthetic diamonds also forever?
Oh, and even more important question, could my wife spot the difference?
500 years is good enough. And unlikely to spot any difference..
If I had diamonds, I'd sell em for crypto today.
Why you kevin no help he friends
lol makes me think of Blade Runner where things like real wood are extremely expensive or gone and all the affordable things are synthetic; maybe the og diamonds will be these kind of expensive relics? Either way I hope we get matter synthesizers/replicators soon... 😅