Nanotechnology May Alter the Value of Diamonds and Other Precious Commodities
Nanotechnology, the creation and manipulation of matter at the nanoscale (one billionth of a meter) is likely to make many finely made goods much less expensive. Breakthrough processes are creating laboratory-grown diamonds that are molecularly identical to natural diamonds, yet a fraction of the cost. As large inexpensive luxury diamonds become commonplace, consumers may turn to other things with more cachet.
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