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The diamond industry generates about $110bn a year (although most of that isn't shiny gemstones). You can see why companies might be desperately clinging on to
by onion2k 4y ago
The diamond industry generates about $110bn a year (although most of that isn't shiny gemstones). You can see why companies might be desperately clinging on to that...
- Turing_Machine 4y agoRight. Most diamonds are ugly brown or black things that get crushed up for use as industrial abrasives.
- dylan604 4y agoAsk the people using diamonds for this purpose if "diamonds are forever". I'm guessing a resounding "hell no" response. Denying the manipulation power of marketing is just sheer folly.
- samatman 4y agoBy weight, of course, the diamond industry is entirely industrial, gems are a rounding error. By value? Other way around. This source says $1.8B in 2018. https://www.grandviewresearch.com/industry-analysis/industrial-diamond-market https://www.grandviewresearch.com/industry-analysis/industri...