The idea of making artificial diamonds isn’t new. Scientists first synthesized diamonds in 1954, since then nearly all industrial diamonds (used in abrasive cutting tools) has been made synthetically. Yet relentless innovation in the technology of creating synthetic diamonds, has resulted in tremendous leaps of growth in size, clarity and purity (color) in which synthetics can be grown.
The Future Of Synthetic Diamonds Is Going To Be Big!
Diamonds Can Be Created Through A Few Different Processes
HPHT (High Pressure, High Temperature) & CVD (Chemical Vapor Deposition)
CVD has a nearly limitless future in growing near perfect diamond crystals. This has resulted in retail jewelry stores opening just to undersell natural diamonds by about 50% of their current values.
Synthetic diamonds continue to grow in size through technological innovation. Currently synthetic diamonds can be grown up to 5cts in size, after cut into a round shape it weighs 3cts
Yet the real future of synthetic diamonds isn’t in the jewelry industry. As technology advances the prices of synthetic diamonds for jewelry applications will drop as supply far outpaces demand. The biggest future of synthetic diamonds is in advanced technology.
More than 50 percent of all electronic failures result from some form of overheating. Diamonds can withstand the highest heat exposure of any material. Synthetic diamonds will never break down, be affected by vibration or shock, nor are there any corrosive chemicals that can destroy them. They transmit light, electricity and are light weight.
Synthetic diamond are grown s in various shapes for different applications. With so many possibilities you can be sure that scientists and electrical engineers will continue to grow synthetic diamonds to larger and larger sizes.
How Large Can Synthetic Diamonds Get?
If we look around, we can see that there is a limitless potential. Anything that’s made out of glass today has the potential of being made from synthetic diamonds in the future.
Synthetic sapphire is now being used in large applications where regular glass was once used. Soon the surfaces of TV’s, windshields, cell phones and airplane windows will be upgraded to the more durable synthetic sapphire and eventually to synthetic diamond glass.
Will Synthetic Diamonds Destroy The Natural Diamond Market?
This is the fear of many jewelry industry experts. Already, many small diamonds used in less expensive jewelry manufacturing is suspect of being highly infused with undisclosed synthetic diamonds. They are often sold in the same parcel as real diamonds, but in melee diamonds, it’s extremely hard to tell the difference. The prices for small sized diamonds continues to remain relatively stable, but as synthetic diamond machines go online in China and India the prices are expected to drop quickly.
Will The Diamond Engagement Ring Market Survive?
If history continues to repeat itself and synthetic diamonds are grown larger and larger, it will most likely loss the mystique and allure of owning something that isn’t actually rare. Synthetic diamonds are becoming very costly and difficult to detect from naturally mined diamonds, and for this reason it is safe to assume that a natural diamond might have more sentimental value in the future, but it won’t have much resale value when they’re a dime a dozen like cubic zirconians are today.
What Do You Think?
Do you think diamonds are still worth investing in today or do you agree that synthetics will devalue the current market for the real goods? Let us know your thoughts in the comments section below.