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BHP Billiton Limited Message Board

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  • bluecheese4u bluecheese4u May 25, 2012 9:59 AM Flag

    IGI Finds Hundreds of Undisclosed SYNTHETIC Diamonds at Labs

    Loss of marketshare forever!

    Diamond mines will quick become worthless holes in the ground.

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    • The diamond/gem stone mining industry has worked intensely to denigrate lab grow minerals/gem stones. Lab grown gems can be grown very precisely and to the highest grades. But the industry propaganda would have retail jewelry buyers believe that lab grown gems are not even real gems since they weren't found naturally occurring in ground. Humans are silly animals. Jewelry industry itself to me is ridiculous.
      Just say no to high prices for jewels and gemstones and colored mineral glass. Great for industrial application and that is all. For decoration it is just simple unarguably stupid. (only my opinion of course)

      • 1 Reply to buffettwagon
      • Synthetic DIAMONDS are already very inexpensive and it's just a matter of time before their availability overwhelms expensive mined diamonds. I expect diamond mines will begin to be abandoned by 2014 and shortly thereafter the rest will close forever.

        news DOT google DOT com

        Search...

        >>> Gemesis’ lab-grown gems sell for about 20 to 30 percent less than naturals; depending on the supplier, the price differential might be even bigger than that. <<<

        and

        >>> There is nothing wrong with lab-grown gems. Indeed, it’s quite likely some consumers will prefer them to the natural. <<<

    • OK, so you are a BHP basher. This mine is small potatoes in BHP's portfolio.

      A few hundred, easily detected, "fake" diamonds delivered to a lab are not going to affect the huge market or the price of diamonds. Dealers will now be more careful of their sources.

      BHP Ekati provides 11% of the world supply by value.

 
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