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De Beers is fighting ‘fake’ diamonds from China, but what’s real?

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So the mighty diamond market manipulator and monopolist De Beers is worried about its bottom line being eroded by manufactured stones being mass-produced in China.

After spending decades trying to suppress and ostracise the synthetic diamond industry, it did a complete U-turn and jumped on the bandwagon this year, although marketing its own lab-grown stones as a more “casual” alternative for “birthdays and fun”, rather than for weightier occasions.

And now De Beers is peddling its so-called diamond verification technology in this part of the world, hi-tech detectors to identify the “fakes”, ostensibly so that consumers won’t be “cheated”.

What a joke. There’s a sucker born every minute, the saying goes, and they keep falling for this crock of bovine faeces.

First of all, lab-grown diamonds are not fake. They’re the real deal. In terms of physical and chemical composition, they’re the same as mined diamonds. These are not Swarovski crystals.

In fact they’re superior to the “real” thing, with fewer impurities and defects. Experts will tell you that, being 99.9 per cent pure carbon,........

© South China Morning Post