I was researching subminiature digital cameras when I stumbled on a webpage of a company that makes an affordable diamond studded digital camera.

That's right. MINOX DD1 Diamond has 8 synthetic diamonds.

Mechanical watch manufacturers used to proudly advertise how many synthetic "jewels" were used in the watch mechanism. Then radio manufacturers used to brag about the number of transistors (sometimes even adding unnecessary transistors to the circuit). Now it is all about megahertz, megabytes and megapixels. Don't you think it's time to go back to jewels?