Mojang have repeatedly said that they will not be adding any tool tiers better than diamond, and had no new plans to add tool tiers anyway. It seems like a rash decision to suddenly go back on this and spontaneously add a tool tier stronger than diamond. Diamond tools have been more than sufficient for multiple years and a greater tool tier borders on what could be considered 'overpowered'.
Netherite could make the diamond equipment "unstable", making it stronger however lowering its durability. This compromise adds a new tool tier without breaking balance nearly as much.
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