Diamonds made cheap as chips

New manufactoring techniques allow the cheap mass-production of high-quality diamonds (Wired).

Naturally, De Beers aren't too happy, but from what I've heard they're a bit of a nasty monopoly who've artificially created the high-prices for diamonds. And not only should this help bring down unrealistic prices, but these manufacturing techniques should lead to some interesting applications for this unique substance, such as creating faster computer chips.