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was led to believe the growth of LGD was largely driven by the need for industrial applications not to rely on natural earth-mined diamonds.
#1 use someday, cell phone camera lens.
10000% correct. GE first synthesized diamonds in the early 1950’s to create drill bits. This hastened post war industrial growth in the US
Now every cell phone and computer has a tiny diamond mounted to act as a heat sink for the processor. Diamonds have changed all our lives.
This is probably an aged list, since they state LGD is 30% lower than natural![]()
I hoped I was not the only observer.
Try 150th the price for 3ct F VS1
Unless they are talking about drill-bit quality natural vs drill-bit quality LGD strictly for industrial purposes. I'd imagine that the prices are already rather rock bottom for diamonds of either origin fitting that usage category.
Natural are going to Jump thx Trump
Just came across this - though it might be interesting:
Natural are going to Jump thx Trump
bit sad jewellery was last on the list
10000% correct. GE first synthesized diamonds in the early 1950’s to create drill bits. This hastened post war industrial growth in the US
Now every cell phone and computer has a tiny diamond mounted to act as a heat sink for the processor. Diamonds have changed all our lives.
bit sad jewellery was last on the list
AI says:yes D&D - I noticed that too![]()
AI says:
In 2024, the global jewelry market size was estimated at several hundred billion US dollars, with some estimates reaching as high as
US$366.79 billion. Meanwhile, Apple's total revenue for the fiscal year ending September 28, 2024, was US$391.04 billion.
....
Even considering the highest estimate for the global diamond market in 2024 (USD 105.2 billion), General Motors' 2024 revenue ($187.442 billion) is significantly larger than the entire global diamond market. This highlights the vastly different economic scales of these two industries.
................
The industry is really not that large.
Just for fun.....
The US government could potentially spend $366.79 billion in roughly 19.7 to 21.7 days, based on recent spending patterns.
To spend A$366.79 billion, the Australian government would likely take approximately 5.6 months (around half a year) in the 2025-26 fiscal year.