Community Chat

[RibbonsRosesRainbows]

Will be raising diamond prices 5% each year............well, they said to run out and buy some. My neighbor has so many diamonds its like a jewelry store........but I don't have any........well little ones in my gold bumble bee and my salamander but that is all and tiny ones for my ears............wow........there are so many diamonds on the market now some will probably raise prices now. So I see one day diamonds being out of price range for many.

[Teacups]

Yes but Diamonique is better! I think De Beers are crooks.

[Rowdyone]

Diamonds are NOT RARE.

DeBeers is a cartel, just like drug or oil cartels, and controls supply and thus PRICE, not value.

Buy diamonds if you like them, but they do not have the intrinsic value that people think. DeBeers is sitting on mountains of them.

Plastic bottle caps could be made expensive if a cartel owned them all and only released a small number for sale a year.

[Teacups]

think Sierra Leone

[NoelSeven]

Aren't De Beers blood diamonds?

[NoelSeven]

On 5/30/2014 NoelSeven said:

Aren't De Beers blood diamonds?

I just checked... apparently they were but are no longer. And they're now called "conflict diamonds," talk about political correctness.

[sidsmom]

On 5/30/2014 Rowdyone said:

Diamonds are NOT RARE.

DeBeers is a cartel, just like drug or oil cartels, and controls supply and thus PRICE, not value.

Buy diamonds if you like them, but they do not have the intrinsic value that people think. DeBeers is sitting on mountains of them.

Plastic bottle caps could be made expensive if a cartel owned them all and only released a small number for sale a year.

Did you see this video? Funny...but oh so true. (Vid has 4-letter words!) :

http://www.collegehumor.com/video/6952792/why-engagement-rings-are-a-scam

[Cakers1]

Guyana and Venezuela also trade in blood diamonds. The Kimberly Process is being torn apart by trade in these areas. And althought the KP was designed to verify the ethical mining of diamonds sold around the world, the illegal trade is so deep with diamond cartels that it is almost impossible to be sure that a diamond is not a blood diamond, also know as conflict diamonds, red diamonds, and war diamonds.

[------]

Unless the diamond is monitored from the time it's pulled from the ground to the time to the time it's polished no one can tell the origin of a cut diamond. Even rough is very difficult to determine where it came from.

As for the 5% increase I will believe it when I see it.

[ennui1]

Diamond prices vary based on carat weight, for starters. It's invalid to say 5% across the board, because large diamonds will go up a lot more than that, while smaller stones could easily go down.