Diamond Foundry

Diamond Foundry, as usual, provides us with the news that not only has data, but the plot and suspense as well. This time the company sues the US government over the "egregious" tariffs it has to pay to have its lab growns polished in China.

The company blames former president Donald Trump for imposing four punitive increases during his term, and Joe Biden for failing to challenge them.

"In general we believe the United States government should work to support domestic manufacturers like Diamond Foundry as opposed to making life difficult for them," Diamond Foundry said, in a statement.

The company aims to produce 5m carats a year (a fifth of De Beers' mined output).

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