Making diamonds is cheaper than ever, creating a weird problem: too many diamonds.
In an age when you can get just about anything online, it's probably no surprise that you can buy a diamond-making machine for $200,000 on Chinese eCommerce site Alibaba. If, like me, you haven't been paying attention to the diamond industry, it turns out that the availability of these machines reflects an ongoing trend toward democratizing diamond production—a process that began decades ago and continues to evolve.The history of lab-grown diamonds dates back at least half a century. According to Harvard graduate student Javid Lakha, writing in a comprehensive piece on lab-grown diamonds published in Works in Progress last month, the first successful synthesis of diamonds in a laboratory setting occurred in the 1950s. Lakha recounts how Howard Tracy Hall, a chemist at General Electric, created the first lab-grown diamonds using a high-pressure, high-temperature (HPHT) process that mimicked the conditions under which diamonds form in nature.Since then, diamond-making technology has advanced significantly. Today, there are two primary methods for creating lab-grown diamonds: the HPHT process and chemical vapor deposition (CVD). Both types of machines are now listed on Alibaba, with prices starting at around $200,000, as pointed out in a Hacker News comment by engineer John Nagle (who goes by "Animats" on Hacker News). A CVD machine we found is more pricey, at around $450,000.