Factbox: How man-made diamonds have grown to threaten natural gems [Reuters]
GE Aerospace (GE)
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Source: Reuters
Factbox: How man-made diamonds have grown to threaten natural gems | Reuters 5 Min Read (Reuters) - The growing acceptance of man-made diamonds by millennials has spurred De Beers to reverse its policy of shunning the sector for jewelry and to launch its own laboratory-grown diamonds through its Lightbox jewelry brand. The move potentially threatens the profits of rival lab-grown gem producers but could also undermine De Beers’ natural diamond business if it broadens the appeal of stones created in a lab. Below are details of man-made diamonds: A team at the General Electric Research Laboratory in New York discovered the first commercially successful process for producing man-made diamonds in December, 1954, according to the book “The Diamond Makers” by Robert Hazen. Scientists had been seeking to create a diamond since the discovery in 1797 that diamonds, the hardest natural substance on earth, were made of nearly pure carbon. There are two main methods to produce man-made diamonds:
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