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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?


To: sunny who wrote (11067)12/28/1997 10:07:00 PM
From: Glenn D. Rudolph  Respond to of 22053
 
ABCNEWS.com So far, it1s fooled almost everyone. Pros swear they can tell a fake when they see one, but 28 out of 30 gemologists consulted said they thought stones made of silicon-carbide, also known as moissanite, were genuine diamonds. Moissanite is really a scientific miracle. It1s more brilliant than a diamond, it1s as hard as a diamond, and if you place it under a jeweler1s electronic diamond tester, it will pass for a diamond. In fact, the president of the International Gemological Institute, Jerry Ehrenwald, told ABCNEWS1 James Walker in a recent interview that 3It1s almost scary to see something that looks as good as this and yet not be a diamond.ý How It Came to Be Originally discovered in meteorites by Nobel Prize winner Henri Moissan in the late 1800s, the mineral is extremely rare in its naturally occurring form. But scientists realized the potential of a compound surpassed in hardness only by diamonds and determined how to create it chemically. They named it silicon-carbide, and now use the synthetic material in everything from sandpaper to semiconductors. Cree Research, Inc. holds the patent on silicon-carbide, and its former CEO, Eric Hunter, had a brainstorm a few years ago. He and his brother Jeff saw how hard moissanite was, and that it could hold a sharp edge, and thought it would make a great surgical blade. They employed a master diamond cutter, who was impressed with its brilliance and thought the material looked just like a diamond. Within three days, brothers Eric, Jeff and Neal Hunter formed the North Carolina Company C3, Inc., and began making gem stones with silicon-carbide crystals supplied by Cree for $12 million over five years. A Substitute for the Next Century But the new company isn1t out to get anyone. The Hunters see their product as a legitimate new gem which they hope to sell starting next spring. So far, so good. Company stock went public in November and has earned well over $45 million. Investors seem pleased with the concept of a clear, synthetic version of moissanite for a gemstone. 3We want to make our first impression a lasting one,ý Jeff Hunter told the Wilmington Star-News of North Carolina. 3This product is not a fad. It1s a diamond substitute for the next century.ý C3, Inc. also plans to make some money off their moissanite detector which, as opposed to electronic diamond sensors, can tell the difference between the fake and the real thing. Moissanite vs. Cubic Zirconium There are other, lesser-known tests which distinguish a diamond from moissanite. Moissanite is doubly refractive and a diamond isn1t. So a person looking at the mineral might see a double image of a single facet. Also, when placed in 3diamond solution,ý a diamond will sink, but moissanite will float. Traditionally, the cubic zirconium has been the cheap diamond substitute, but no jeweler is fooled by the superficial glimmer of a c.z. 3rock.ý Comparatively, a moissanite gem survives all thermal tests, just like a diamond. But a cubic zirconium will melt under high temperatures. Moissanite gems will cost a fraction of the price of a diamond, but more than a cubic zirconium, and will be marketed as an alternative to the real thing. So is it or isn1t it? But that1s not the question. A diamond will always be a diamond, but the moissanite gemstone will most likely give the cubic zarconia a not-too-steep run for its m