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Industrial grade diamonds are disposable, since they do wear out -- slowly -- but they do wear.

According to the 2003 publication by Donald Olsen, et al (link, below):

"Natural industrial diamond...price varies from about $0.30 per carat for bort-size material to about $7 to $10 per carat for most stones, with some larger stones selling for up to $200 per carat."

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