Synthetic Diamonds – The New Kind On The Block
It is about time that the diamond industry has its fair share of competition. Over the years, diamonds were controlled by a powerful firm from the United Kingdom - the De Beers. The De Beers understand it all too well that the industry of natural diamonds could be on the brink of collapse. This is due to the fact that the synthetic diamond, the new kind on the block. It turns out that these so-called synthetic diamonds have so much more to offer than their natural counterparts. You see, aside from being wonderful pieces of jewelry, it's been noted that synthetic diamonds also make great semiconductors. Indeed, a major triumph for the industry.
Synthetic diamonds, as the title alludes, is a diamond that is lab-grown. Essentially, these diamonds are the result of pure carbon that is subjected to very high temperatures and pressures in order to come up with a sparkling gem. The way this works is pretty much the same way that the earth does it when it created diamonds in its mantle more than 3.3 billion years back.
Pure carbon is placed into a chamber and is subjected to around 2,200 Fahrenheit and almost 50,000 atmospheres. In a span of around a few hours to a few days, the carbon will transform into a brilliant diamond. This type of technology has brought the prices of diamonds remarkably lower. Due to this, the $7 billion natural diamond industry is under threat. This has led the De Beers to craft a subtle yet clever way to set themselves apart.
Essentially, they're putting their logos on all of their diamonds so that people will know that it is the real thing and not a fake. Quite frankly, this effort might be futile since synthetic diamonds have more uses than natural diamonds.
A lot of venture capitalists and start-ups are very intrigued in this new technology. Two main companies, Gemesis, a Florida-based company, and Appollo Diamond from Boston, understand just how important and rewarding this sector can be. Silicon semiconductors can only accommodate temperatures of around 200 degrees Fahrenheit.
On the other hand, diamonds are capable of reaching well beyond this number and still bear no harmful effects. At this point, diamond semiconductors will be able to process speeds that are far beyond our current levels. This suggests a burgeoning industry that is waiting to be filled. Likewise, the jewelry industry will have its much needed break from the high prices of natural diamonds.
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