Arctic Star Exploration Corp V.ADD

Don't think China will be buying ADD out

[Donwaan]

China already holds a dominant position in the global diamond industry, accounting for 95 per cent of world production. Last year alone, Chinese factories churned out over 16 billion carats of synthetic diamonds, a staggering amount equivalent to eight times the known total reserves of natural diamonds on Earth. Once considered a rare and luxurious gem, diamonds have undergone a remarkable transformation into a cost-effective industrial material in China. An uncut lab-grown diamond now costs as little as US$1 in some Chinese online stores.

[FinDiamond]

Check your numbers. They produce 16 million carat synthetics which are mostly used in the industry. 

[Donwaan]

I suspect you are right Fin. I had just copied that information from an article but did not dig deeper. Billion...million..whatever ;-)