An aerial view shows an illegal mine in the jungle in the south of Venezuela.
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Synthetic diamond production is still small: annual output of gem-quality rough synthetic diamonds is less than 350,000 carats, a fraction of the 125 million carats of natural gem-quality rough, according to India's Natural Diamond Monitoring Committee.Synthetic diamonds are increasingly used for industrial purposes, and higher quality lab-produced diamonds are used in jewelry. Tiffany says it is confident it is not at risk of inadvertently selling synthetic diamonds.The diamond industry is stepping up action and technology to protect against the mixing of synthetics and natural diamonds in the market.Depending on who you ask, synthetic diamonds trade at 20 to 50 percent less to the natural stones.Rapaport, however, cites a case in China when someone obtained an authentic GIA grading report of an existing diamond and created a synthetic diamond to match it exactly.One case that caused a stir was in 2012 when the lab of the International Gemological Institute – a certifier of diamonds, like the GIA – in Antwerp uncovered in a parcel of about 1,000 small diamonds believed to be natural, but more than 600 of which were man-made.De Beers itself is involved in synthetic diamond production, strictly for industrial use.The diamond industry is increasingly aware of the risks associated with rising production of synthetic products.
FOLLOW THIS ARTICLE