De Beers is fighting 'fake' diamonds from China, but who's the real fake?

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 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" Experts will tell you that, being 999 per cent pure carbon, lab-grown diamonds are actually shinier and stronger.

Diamonds are not even as rare and special as they're made out to be, but their supply has been manipulated and monopolised for the better part of a century by De Beers to inflate prices far, far beyond their true worth Anyone with a basic education should know by now that the ridiculous tradition of men having to buy diamond engagement rings for women before marriage was wholly concocted by De Beers in the late 1930s to revive a dying industry Everyone lapped up poppycock slogans about diamonds being "a girl's best friend" and "Forever" to the extent that carats became a measure of a man's worth and socio-economic achievement.

The big guns in the industry are getting antsy about countless companies mushrooming all across China, churning out about 160,000 to 200,000 carats of gem-quality diamonds every month. . Source