It is about time that the diamond industry has its fair share of competition. Over the many years, diamonds were under the control of a powerful firm from London, UK – 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 because of the synthetic diamond, the new kind on the block. It turns out that these synthetic diamonds have so much more to offer than the normal mined diamond. 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 suggests, is a diamond that is man-made. 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 exposed to around 50,000 atmospheres and nearly 2,200 Fahrenheit. 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 create a subtle yet smart way to set themselves apart from their competition.
Basically, they are imprinting their logos on their diamonds so that people will know that it is the real thing and not a mere mock up. 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 companies, Gemesis, a company from Florida, and Apollo Diamond from Boston, understand just how rewarding and important 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 level, diamond semiconductors will be able to process speeds well above our current levels. This hints at a burgeoning industry that is waiting to be occupied. Along with that, the jewelry industry will have its much need break from the astronomically high prices of mined diamonds.