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Synthetic diamonds are produced via high pressure, high temperature or chemical vapor deposition (CVD) technology. These diamonds have numerous industrial and commercial uses including cutting tools, thermal conductors and consumer diamond gemstones.
Diamonds, because of their hardness, are one of the few gemstones that have a recycled market. Recycled diamonds are diamonds that have been polished and set into jewelry, then removed and possibly re-cut before sale back into the diamond industry. This sector accounts for 5%–10% of market supply. [25]
Example of bead set diamonds Example of pavé set diamonds "Bead setting" is a generic term for setting a stone directly into metal using gravers, also called burins, which are essentially tiny chisels. A hole is drilled directly into the surface of the metal, before a ball burr is used to make a concave depression the size of the stone.
Diamonds can be sold already set in jewelry, or sold unset ("loose"). According to the Rio Tinto, in 2002 the diamonds produced and released to the market were valued at US$9 billion as rough diamonds, US$14 billion after being cut and polished, US$28 billion in wholesale diamond jewelry, and US$57 billion in retail sales. [108]
Gemesis created the world's largest lab-created diamond in April 2013, broke that record in November 2013, and then broke the record again in July 2014. The first was a 1.29 carat emerald cut, the second was a princess cut at 1.78 carat, [20] and the third was a 3 carat round brilliant white Type IIa diamond. [4]
In the wholesale trade of gem diamonds, carat is often used in denominating lots of diamonds for sale. For example, a buyer may place an order for 100 carats (20 g) of 0.5-carat (100 mg), D–F, VS2-SI1, excellent cut diamonds, indicating a wish to purchase 200 diamonds (100 carats (20 g) total mass) of those approximate characteristics.
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