https://www.statista.com/topics/1704/diamond-industry/#topicOverview https://www.statista.com/topics/1704/diamond-industry/#topic... > Diamonds also have a hig

https://www.statista.com/topics/1704/diamond-industry/#topicOverview https://www.statista.com/topics/1704/diamond-industry/#topic... > Diamonds also have a high industrial value. They are especially well regarded as a material for cutting and grinding tools due to their extreme hardness. Around half of all mined diamonds are not of gemstone quality and are used for industrial purposes. Today, the vast industrial demand for diamonds is mostly satisfied by synthetic diamonds (also known as lab-grown or lab created diamonds). Lab-grown diamonds are also increasingly being used in jewelry as an ethical and less expensive alternative to mined diamonds.