[generuso]

99% of all diamonds by mass are industrial diamonds. But they are so inexpensive that they only account for 3% or the revenue.

The jewelry is the remaining 0.8% by mass, and it is split roughly equally between the natural and synthetic stones by mass, but with about 80% of the revenue going to the natural stones.

Here is a very good video showing how large poly-crystalline industrial diamonds are made in the USA: https://www.youtube.com/watch?v=6o5RprIJmfA

China has their own, slightly different flavor of this machine, the cubic press. These machines are manufactured in thousands and cost about half a million USD each. They are used to produce both industrial and jewelry quality diamonds: https://www.youtube.com/shorts/cED0TjwKUDM https://www.youtube.com/watch?v=5cnEVb7aPfM

The original machine was invented by a guy at General Electric: https://en.wikipedia.org/wiki/Tracy_Hall