A Diamond Is A Cheap Commodity?
Popular Science has an "article" up about man-made diamonds. I air-quote because it's written like an outline for a high school journalism class. None-the-less, the topic is interesting.
Currently, scientists can grow 10-carat diamonds with better color and clarity than mined diamonds at a rate of one caret per day. Half-caret diamonds grown by geeks are already hitting the jewelry market for about $500 compared to a $750 slave mined diamond.
However, the bling around your neck is not going to make diamonds a household commodity. As usual, the money is in computers. Computer chips are made of silicone and can only stand to run at 250°F. A diamond chip can handle 1,300°F. Which means they can push it 8 times faster than the silicone.
Once they start mass producing diamonds for computers, your expensive wedding ring is going to experience a downturn in market value.
Currently, scientists can grow 10-carat diamonds with better color and clarity than mined diamonds at a rate of one caret per day. Half-caret diamonds grown by geeks are already hitting the jewelry market for about $500 compared to a $750 slave mined diamond.
However, the bling around your neck is not going to make diamonds a household commodity. As usual, the money is in computers. Computer chips are made of silicone and can only stand to run at 250°F. A diamond chip can handle 1,300°F. Which means they can push it 8 times faster than the silicone.
Once they start mass producing diamonds for computers, your expensive wedding ring is going to experience a downturn in market value.
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