Date: 2006-01-27 01:00 am (UTC)
Perhaps when they perfect creating synthetic diamonds, the price will go down. They're just as hard, and have all of the same properties of a diamond, except that instead of spending years deep underground subjected to extreme temperatures, and most importantly, extreme pressures.

Then again, there's always similar substitutes: the famous cubic zirconia, and also Moissanite (http://en.wikipedia.org/wiki/Moissanite), which is still pretty strong, and can made synthetically.
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