Diamonds are forever?
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From: Covington WA, USA
Originally Posted by MSRS2K,Dec 20 2006, 12:48 PM
De Beers lives on...
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From: Kirkland
Originally Posted by waltk88,Dec 20 2006, 11:27 AM
Go take your women to see Blood Diamond. Knowing what happened in Sierra Leone just a few years ago could diminish the appeal of the stones. The price of a movie ticket could save you a lot of money. 
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From: Bellevue WA
Originally Posted by mikegarrison,Dec 20 2006, 12:58 PM
Yes, and it's pretty impressive that they do so even though in the past decade or so it has become possible to make artificial diamonds that are more "gem-quality" than natural diamonds. Because of the cartel, they are even cheaper than natural diamonds. But De Beers has managed to keep them mainly in the industrial diamond market by convincing people that artificial diamonds are not "real" diamonds.
I don't think it can happen soon enough. I'm just glad the marketing guys for De Beers never sold cigarettes or other crap like that! I can't believe that for decades people were that gullible.
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From: Issaquah, WA
cultured diamonds are actually even more perfect than real diamons.
The cartels and major diamond shops are doing everything they can to shut them down however. I just heard a Shane Co. ad on the radio that was specifically slamming cultured diamonds.
The cartels and major diamond shops are doing everything they can to shut them down however. I just heard a Shane Co. ad on the radio that was specifically slamming cultured diamonds.
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From: Covington WA, USA
Originally Posted by SeattleJason,Dec 21 2006, 11:56 AM
The cartels and major diamond shops are doing everything they can to shut them down however. I just heard a Shane Co. ad on the radio that was specifically slamming cultured diamonds.
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Originally Posted by WRS2K,Dec 20 2006, 01:00 PM
yea so?
The point being, the article presents a pretty strong argument for the imminent crash of the diamond market. It didn't. Still hasn't 24 years later. So if that article is ones basis for not buying a diamond *now* the fact that De Beers is still in control 24 years later is important information. That's all.
Which is not to say it won't all come crashing down tomorrow.
- Michael
"A little learning is a dangerous thing; drink deep, or taste not the Pierian spring: there shallow draughts intoxicate the brain, and drinking largely sobers us again." - a pope
