miningman,
Thanks, you made me laugh and confirmed my own (arguably less valuable) opinion. Every time they stop to clean the sluice on that show, they have the whole crew standing around for an hour or two. Apparently there is no reason for them to be greasing bearings, refueling equipment, cleaning intake filters, removing/grading the tailings heap, etc. etc.
PMPengineer, I would suggest that you try and determine the "market price" for your reclaimed industrial diamonds vs. virgin material, and then estimate how much you could generate (based on how much you go through). You might have to put out some blind feelers to locate buyers for your reclaimed product, or there might be some places currently selling the grit that could give you advice. That should give you a budget for reclamation, and guide you to answer your own question. It may be (as I've found in similar reclamation/recycling projects) that your recovered product is essentially worthless - nobody wants it at any price - and that too will guide your decision.