This development, though, can give another blow to Israel economy due to our involvement in diamond business. Of course, what we do is shaping the diamonds, not mining them. But when the final price will drop, so will the earnings. And final price of diamonds is way too high.
Also, since need to smartly cut stones for several parts disappears(they will be cheap), the process can instantly became technologically easy. And thus moved to India or China or became automatic.