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LIQUIDIAMOND is patented technology leveraging amorphous metal alloy used extensively in industrial applications where strength and resistance to wear are critical.

Why hasn't anyone made a knife utilizing this material?

There are multiple patents protecting LIQUIDIAMOND's application of this advanced material to knives.  

Why is this material better than steel?

LIQUIDIAMOND has a Rockwell (HRC) hardness exceeding 70 yet remains ductile. Once steel reaches its peak hardness in the mid to high 60's HRC, it becomes very brittle. So the LIQUIDIAMOND edge can be sharpened to a very steep edge angle and maintain that edge many times longer than steel.