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Dec 28, 2014 at 20:42 comment added Michael DM Dryden You're probably right. I imagine if diamonds were cheap enough to stick them on everything like rhinestones, they would probably lose a lot of their appeal. However, from what I can tell, gem-quality synthetic diamonds are actually more expensive than mined diamonds and are mostly used for coloured gems as coloured natural diamonds are very rare.
Dec 28, 2014 at 20:03 comment added Steve Jessop Use of cubic zirconia and synthetic diamond in jewellery is (I think) an economics/psychology question rather than a chemistry one. Most casual observers won't notice the difference by eye, but one of the purposes of jewellery is to be expensive. So people who want expensive jewellery won't buy a cheaper version no matter how similar it looks, since it won't hold the same value. The natural diamond is superior because it's difficult/expensive to obtain, not because of its optical properties!
Dec 28, 2014 at 19:08 history answered Michael DM Dryden CC BY-SA 3.0