Now the synthetic diamond industry is indeed big business, but it does not compete head to head with the natural diamond jewelry industry. There are a few reasons for this. The first is that although the industrial process has been mastered to the extent that small synthetic diamonds can be produced more cheaply than mining real ones, they are mostly colored and flawed, since the accelerated process of making them introduces defects which color the diamonds. In fact, the majority of these diamonds are used in the mining industry, where they embroider drills and cutting tools, not for aesthetic
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