Cultural Revolution

Rob Bates's article on laboratory-grown diamonds, “The Cultured Club” (JCK, January 2008, p. 76), is an informative and balanced status report on the state of the industry. As one who has had a role with most of the major players going back to 2001, I would like to add a few comments in an effort to round out the picture for those thinking about participating in the business or those fearing the impact of it. First, the future of the cultured-diamond business should not be in doubt. The question is not whether the product will be successful, but when, how big, and by whom. The trends are obvious and irreversible: The projected demand for diamonds is outrunning supply as fine-quality larger-size diamonds grow scarce and as markets around the world develop. While extractive industries are eventually exhausted, cultured diamonds are a renewable resource. Diamonds might b
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