This analysis is free, but with Premium Membership you get MORE. Join today.
NOTE: I have been following this story for 25 years. It has finally come to fruition. The unique and extraordinary value of the diamond is no more, in much the same way that the most precious of metals 150 years ago — aluminum — is precious no more. Technology advanced. Cost collapsed. And what was once dear is suddenly a mere commodity.
In the case of diamonds, as with aluminum, the value of that commodity is immense, just not something anyone will still call “precious” ten years hence. Manufactured diamonds have unlocked a range of high-tech applications that were previously impractical if not impossible, due to scarcity, cost, size limits, and uncontrolled impurities or defects.
Indeed, the mass-produced version turns out to enable quantum computing, vastly improved thermal management for AI chips, high-po…