Frame Challenge: What are "good" materials?
There are quite a few things that can make a material "good". Like hardness (diamonds), ductility (copper), compressive strength, tensile strength (graphene), etc. pp. Note that most of the record holder materials are pure in some sense: The strength of Diamonds and graphene relies on their perfect crystalline structure, and even the ductility of copper is an effect of its regular crystal structure (the difference being that carbon atoms form covalent bonds while copper is a regular crystal of ions in a sea of electrons).
However, we don't use these record holders in many circumstances for various reasons. For instance, while we can put diamonds to good use in grinding blades, we cannot create cutting edges from them because we cannot work them like other materials. And even if we could do that, we would generally not want that because those edges would be quite brittle.
And that brings me to my main point: Good materials are generally compromises, often more than their constituent parts, and over all not simple. A good tool is neither made from the hardest material available, nor from the strongest. It uses compromise materials everywhere. Even when you have a chisel made from a single rod of steel, the tip will receive a different treatment, forming different crystal structures than the shaft. Engineers use the materials that provide the best combination of features for the job, not materials that excel in a single feature.
And there is the effect that a combination of different materials frequently outperforms the sum of its parts. Carbon fiber parts are an excellent example: The carbon fiber tissue itself has little strength, and the matrix material is easy to break. But together, they form a compound of excellent strength. And the same happens in any odd piece of steel that you get your hands on: There are grains of different crystalline structure in there, each structure with its own strengths and weaknesses, but together they stop each other's weaknesses from leaving the confinement of their respective grains. (Roughly speaking, I'm not very precise here.) So, together, their strengths add up while their weaknesses are compensated. Other examples are multi-layer paint systems used on cars, glass panes laminated with a plastic foil to stop shard formation, glass panes that have their bulk layer under high tensile stress to provide crack resistance at the surface where the glass is under strong compression (google "Prince Rupert's Drop" for an excellent show case of the principle). Many of the high-tech materials are actually combinations of different materials, sometimes created by chemical, mechanical, or thermal treatment, sometimes explicitly combined together. And the more complex the material, the more elaborate you should expect the creation process to be.