These are two distinct lines, that only share a handful of comparable blades, and they're marketed differently. The Diablo series only offers thin kerf blades AFAIK, and caters more to the construction business and homeowners. The Industrial series often offers both full and some thin kerf, and caters more to industrial shops, and serious hobbyists. According to Charles McCracken from Freud, the blades that are similar design that are offered by both lines are made from the same materials on the same machines to the same standards. All made in Italy. The Industrial series offers more carbide, which can be sharpened more times….and often more elaborate anti-noise/anti-vibration slots when both series offer a comparable blade, which only pertains to a handful of them. The amount of carbide shouldn't make a difference in cutting performance, but the an/av slots could.
There are other isolated differences too….ie: the 24T 10" ripping blades - the Diablo D1024X has an ATB grind, whereas the LU87R010 thin kerf Industrial rip blade uses a flat top grind (FTG), which tends to be more efficient plus leaves a flat bottom….the grinds, and therefore the performance, are not the same.
Is the price difference justified? ....that's a matter of opinion, and it depends a lot on what that price difference is. If it's reasonably close, the Industrial line owns all the other advantages.