Industrial diamonds
Industrial diamond is chosen for performance rather than appearance, and almost all of it is made in factories. The US Geological Survey reports that in 2025 synthetic material made up more than 99% of global industrial diamond production and consumption, and that worldwide output exceeded 15 billion carats. China leads production, followed by the United States and Russia; together they account for about 99% of synthetic output.
The industry began at General Electric, where Tracy Hall achieved a reproducible synthesis on December 16, 1954, in his “belt” press, a high-pressure, high-temperature (HPHT) apparatus that converts graphite to diamond with a molten iron catalyst. GE announced the result in February 1955.
Most industrial diamond is used as an abrasive: grit bonded into grinding wheels, saw segments for concrete and stone, wire saws and polishing powders. Drilling is another major use. GE invented the polycrystalline diamond compact (PDC), a layer of sintered diamond bonded to tungsten carbide, in 1971 and began selling PDC cutters in 1976. A 2015 history by a Baker Hughes engineer in Drilling Contractor, the magazine of the International Association of Drilling Contractors, reported that PDC bits drill more than 90% of worldwide footage in oil and gas wells; a 2010 Sandia National Laboratories report says more cautiously that PDC drag bits dominate oil and gas drilling. Diamond-tipped tools also machine aluminum alloys, composites and ceramics, but they wear quickly on steel because hot iron dissolves carbon.