Why are diamond tools so expensive?

Diamond tools are invaluable. The hardness of diamond enables it to cut extremely hard materials that conventional tools are incapable of. It offers precise and efficient cutting of non-ferrous metals and alloys.

Diamond tools are expensive. These tools are significant investments. So why are diamond tools so expensive? Because diamonds are expensive.

Now here is a fun fact. Diamond is one of the more common gems. Not many people know this. Just like not many people know that the entire diamond industry is a monopoly. A diamond cartel of the sort is able to control supply to create an artificial scarcity which is then used to control prices.

But what about synthetic diamonds? Synthetic diamonds are not under monopoly if you are wondering. However, production technology for synthetic diamond is still not there yet. Synthetic diamonds are still expensive to produce. You will find that synthetic diamond tools tend to be more expensive than those that use natural diamond. As of now, there is little that can be done with regards to prices of diamond tools.

Still, diamond tools are worthwhile investments for shops that work with advanced materials. The tools can last a long time when used and maintained properly. Correct handling, speed settings, and cleaning can extend the life of diamond tools and maximize their worth.