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Business Daily

Diamonds: lab-grown vs mined

27 Apr 2026

Transcription

Chapter 1: What are the historical issues associated with diamond mining in Sierra Leone?

0.031 - 3.696 Unknown

This BBC podcast is supported by ads outside the UK.

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7.253 - 28.174 Hannah Gelbart

Can one country steal another country's rain clouds? This conspiracy theory has been repeated by politicians, it's gone viral online and it's tapped into fears of water shortages in the Middle East. So where does the idea come from and is it scientifically possible? I'm Hannah Gelbart. Join me on What In The World, a daily podcast from the BBC World Service.

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28.535 - 34.881 Hannah Gelbart

We cover news and trending topics in less than 15 minutes. You can find us wherever you get your BBC podcasts.

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Chapter 2: How do lab-grown diamonds threaten the traditional diamond industry?

38.337 - 55.554 Ed Butler

Hi there, I'm Ed Butler.

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55.774 - 70.336 Unknown

Welcome to the second of our programmes on Business Daily from the BBC World Service, looking at the troubled state of the diamond industry. I'm in Sierra Leone, where artisanal diamond mining has become a way of life.

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71.858 - 74.182 Ed Butler

Well, I have not made a lot of money yet.

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75.143 - 86.198 Unknown

Sometimes, for the whole of the year, you can't get anything. For the whole of the year, you can't get anything. It is by the grace of God that you find a diamond.

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Chapter 3: What impact has the closure of diamond mines had on local communities?

87.123 - 101.701 Unknown

As we heard in yesterday's programme, there is a history of war here and also deep-rooted corruption. Can new lab-grown diamonds made in other countries take the place of traditionally mined gems?

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102.141 - 115.037 Rohit Mehta

People all over the world are going to get more conscious about extracting too much from the earth and the dependence of the industry on the naturally mined diamonds is going to be less significant.

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115.372 - 144.771 Unknown

Is there trouble in diamond land? The future of the industry, on Business Daily from the BBC. We're now walking into the flea market area of Koidu City. This is where they sell everything from old shoes to cleaning products to clothing, soap and soft drinks.

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Chapter 4: How do women in Sierra Leone cope with the challenges of the diamond economy?

146.506 - 153.056 Unknown

There's still plenty of people around, but they say the trade is down here substantially in the last few months.

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161.669 - 169.02 Victoria Avopombo

It is not really easy, but you try. You have to push. You have to find means.

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170.03 - 174.534 Jason Cohn

Is it worse than it used to be here? Yeah, yeah, yeah, yeah.

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174.554 - 180.759 Unknown

Really, it is not easy, really. Right, we're now stepping into Benzer Market.

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Chapter 5: What are the environmental concerns related to lab-grown diamonds?

180.779 - 193.11 Unknown

This is the main fish market in the middle of the town. It's a huge hallway with a big corrugated iron roof. There are hundreds of people in here. What's your name, madam?

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194.371 - 197.293 Finda Konomani

My name is Finda Konomani.

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197.313 - 199.395 Unknown

And Finda, what are you selling here?

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200.337 - 204.424 Victoria Avopombo

Fish. This one, herring. This one, pollock.

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205.586 - 207.35 Unknown

So how much profit do you make?

Chapter 6: How are traditional diamond companies responding to the rise of lab-grown diamonds?

207.43 - 222.477 Unknown

I mean, you take home at the end of the day. 50. That's all? Just a couple of dollars? Yes. Wow. Is business less good than it used to be? Has it got worse?

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224.079 - 229.696 Victoria Avopombo

Not fighting. First time, this one we sell 300.

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Chapter 7: What is the future outlook for the diamond industry amidst these changes?

230.037 - 248.822 Unknown

In local Creole, Finder tells me how hard trade has become recently due to the closure of the country's largest diamond mine, based here in Koidu town in the east of the country. Victoria Avopombo has seen the wider consequences. She's a women's rights activist based in the town.

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248.802 - 273.696 Victoria Avopombo

There was a lot of saga, a lot of deprivation, a lot of issues. Laying down 1,000 workers, it was a chaos. So women were coming to us asking us, this is our pain, this is our challenge, our husbands, our children are no longer going to school. Some have five kids. Some marriages have already collapsed.

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274.337 - 279.526 Victoria Avopombo

In fact, the abuses case is increasing every day just because of the closure of that mining company.

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279.627 - 281.51 Unknown

More abuse, more robbery.

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Chapter 8: How does consumer perception affect the diamond market today?

281.53 - 286.639 Victoria Avopombo

More robbery, more abuse. Even in the sites, a lot of things are happening.

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286.703 - 288.786 Unknown

What are people doing to get by?

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289.146 - 314.618 Victoria Avopombo

Yes, some of them are digging gold because the diamond is now scarce. The crime rate is increasing every day. Breaking of houses, the child abuse, the domestic violence. Violence has increased to a higher level just because of this mine economy. The mine economy is closed and the government is not saying anything and the workers are suffering. And there's no money.

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316.15 - 339.163 Unknown

Some miners are switching to this, digging for diamonds in any free plot of land they can find. It has been a part-time endeavour across the region for decades. It's often unregulated, with diamonds found frequently smuggled out to avoid the payment of duties. I'm standing in an open valley.

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339.243 - 370.559 Unknown

There are huge pits in front of me, pits filled with orange sandy water, men digging at the sand along the banks and others sifting, silting through the mud and the gravel, all aiming for one thing, to find the rich, precious stones that lie abundantly, naturally in this landscape. Whenever we come, We take the soil and through it, it is the gravel. There we find the diamond.

371.26 - 396.291 Unknown

It's kind of like a bright blue, grey soil that you're crushing in your fingers now. And inside, you have the stones. I'm fingering it now. Yeah, sometimes the diamond lies in it. So it'd just be a tiny, tiny little fragment, like a tiny piece of dirt. Yeah, yeah, yeah, like this. How much money do you make normally doing this work? For me?

397.232 - 399.996 Jason Cohn

Well, I have not made a lot of money yet.

400.957 - 431.727 Unknown

Sometimes, for the whole of the year, you can't get anything. For the whole of the year, you can't get anything. It is through the grace of God that you find a diamond. It is not a spot. Thin pickings, then. Decades of extraction mean the remaining worthwhile stones now lie mostly at a deeper level, beyond the reach of picks and shovels. So this is what it's all about.

432.088 - 460.115 Unknown

I'm holding in my hand now a stone, a diamond. It's maybe the size of my small fingernail, the smallest fingernail, and it's, what, 12 carats, apparently. It's got some imperfections on the outside. This is a rough diamond. But it's worth, I'm told, even here, before it leaves the country, $80,000 to $100,000, this small stone.

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