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Diamonds are De Beers best friends
09-17-2014, 04:05 PM #1
Octo Mother Superior
Posts:42,616 Threads:1,469 Joined:Feb 2011
De Beers warns diamonds aren't forever

The De Beers diamond cartel warned Wednesday that global production will decline from 2020, a trend that could spell pricier bling for consumers.

A dearth of major new diamond finds means that production might not keep up with ever-increasing demand from the United States, China and India, the firm claimed.

"Unless major new discoveries are made in the coming years, supply can be expected to decline gradually from 2020," De Beers said, forecasting rocky times ahead for the $85 billion a year industry.

http://news.yahoo.com/us-diamond-market-...42496.html

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10 Facts About Diamonds You Should Know

To maintain the high prices of diamonds, De Beers creates an artificial scarcity: they stockpile mined diamonds and sell them in small amounts. Perhaps De Beers chairman Nicky Oppenheimer said it best: "diamonds are intrinsically worthless, except for the deep psychological need they fill."

http://www.neatorama.com/2008/12/01/10-f...ould-know/

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failboat Show this Post
09-17-2014, 05:25 PM #2
failboat Incognito Anonymous
 
Quote: "diamonds are intrinsically worthless, except for the deep psychological need they fill."
bs. diamonds belong to the hardest know materials - perfect for industrial drillers for example. they do have an intrinsic worth.
i mean they must have an intrinsic wort: the machinery manpower and everything else which is needed to dig them out has to be paid by the consumers. add 25% profit and there you have the worth of diamonds.
09-17-2014, 06:11 PM #3
bohica Member
Posts:1,590 Threads:194 Joined:Feb 2011
A story several years ago stated that a gigantic field of diamonds was at the site of a meteor strike in Russia.
So much in fact that if allowed to flood the market, diamonds would be priced like corn.

There's plenty of room for all God's creatures. Right next to the mashed potatoes!
09-17-2014, 06:36 PM #4
Octo Mother Superior
Posts:42,616 Threads:1,469 Joined:Feb 2011
(09-17-2014, 05:25 PM)failboat Wrote:  
Quote: "diamonds are intrinsically worthless, except for the deep psychological need they fill."
bs. diamonds belong to the hardest know materials - perfect for industrial drillers for example. they do have an intrinsic worth.
i mean they must have an intrinsic wort: the machinery manpower and everything else which is needed to dig them out has to be paid by the consumers. add 25% profit and there you have the worth of diamonds.

The vast majority of diamonds are for industrial purposes, sure, but I suspect the profit mainly comes from consumer diamonds. They aren't that rare. I've heard too that Russia has a lot of diamonds.

My most useful diamond is in my glass cutter 13.gif
09-17-2014, 06:42 PM #5
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,286 Threads:1,438 Joined:Feb 2011
(09-17-2014, 05:25 PM)failboat Wrote:  
Quote: "diamonds are intrinsically worthless, except for the deep psychological need they fill."
bs. diamonds belong to the hardest know materials - perfect for industrial drillers for example. they do have an intrinsic worth.
i mean they must have an intrinsic wort: the machinery manpower and everything else which is needed to dig them out has to be paid by the consumers. add 25% profit and there you have the worth of diamonds.

In the 1940s, systematic research began in the United States, Sweden and the Soviet Union to grow diamonds using CVD and HPHT processes. The first reproducible synthesis was reported around 1953. Those two processes still dominate the production of synthetic diamond. A third method, known as detonation synthesis, entered the diamond market in the late 1990s. In this process, nanometer-sized diamond grains are created in a detonation of carbon-containing explosives.
The properties of synthetic diamond depend on the details of the manufacturing processes; however, some synthetic diamonds (whether formed by HPHT or CVD) have properties such as hardness, thermal conductivity and electron mobility that are superior to those of most naturally-formed diamonds. http://en.wikipedia.org/wiki/Synthetic_diamond

Industry uses predominately synthetic diamonds for industrial applications. They really are worthless, especially as far as I'm concerned.
Show me a person with a psychological need that only diamonds fill and I'll show you a person you should run like hell from.

wonder.gif
09-17-2014, 07:25 PM #6
j browsing Member
Posts:5,158 Threads:1,098 Joined:Jul 2012
oh boy oh boy oh boy clap.gif

"when life gives you lemons..throw them at someone"...Grumpy Cat good.png
09-17-2014, 07:33 PM #7
UniqueStranger Art in my heart
Posts:14,898 Threads:420 Joined:Jun 2012
The only psychological need I have is the knowledge of how they were formed, geologically, and when cut - the beauty of light play, but then I find many gems and semi-precious stones to be beautiful.

09-17-2014, 07:39 PM #8
Octo Mother Superior
Posts:42,616 Threads:1,469 Joined:Feb 2011
I like rocks too, but I have no need for them unless I plan on building something. I would go for something cheaper than diamonds for material though 13.gif
09-17-2014, 08:44 PM #9
UniqueStranger Art in my heart
Posts:14,898 Threads:420 Joined:Jun 2012
As with other stones, the diamond is desired in higher level chakra cleansing.

http://meleriessee.wordpress.com/2013/11...nse-class/
09-17-2014, 09:16 PM #10
Below Average Genius Member
Posts:1,796 Threads:138 Joined:Apr 2013
DeBeers is full of sh1t.

DeBeers controls the amount of diamonds available. In the past, they have been cut throat about making sure they keep a stranglehold on supply.

IOW, there is no shortage of diamonds. DeBeers keeps the supply artificially low.

The opening paragraphs of an Atlantic Monthly article might be interesting and eye opening:

"The diamond invention—the creation of the idea that diamonds are rare and valuable, and are essential signs of esteem—is a relatively recent development in the history of the diamond trade. Until the late nineteenth century, diamonds were found only in a few riverbeds in India and in the jungles of Brazil, and the entire world production of gem diamonds amounted to a few pounds a year. In 1870, however, huge diamond mines were discovered near the Orange River, in South Africa, where diamonds were soon being scooped out by the ton. Suddenly, the market was deluged with diamonds. The British financiers who had organized the South African mines quickly realized that their investment was endangered; diamonds had little intrinsic value—and their price depended almost entirely on their scarcity. The financiers feared that when new mines were developed in South Africa, diamonds would become at best only semiprecious gems.

"The major investors in the diamond mines realized that they had no alternative but to merge their interests into a single entity that would be powerful enough to control production and perpetuate the illusion of scarcity of diamonds."

http://www.theatlantic.com/magazine/arch...nd/304575/

Pray for me. hug.gif
09-17-2014, 10:30 PM #11
UniqueStranger Art in my heart
Posts:14,898 Threads:420 Joined:Jun 2012




Diamonds, diamonds (not around 3.3 billion years old) everywhere.
09-17-2014, 10:45 PM #12
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,286 Threads:1,438 Joined:Feb 2011
(09-17-2014, 09:16 PM)Below Average Genius Wrote:  DeBeers is full of sh1t.

DeBeers controls the amount of diamonds available. In the past, they have been cut throat about making sure they keep a stranglehold on supply.

IOW, there is no shortage of diamonds. DeBeers keeps the supply artificially low.

The opening paragraphs of an Atlantic Monthly article might be interesting and eye opening:

"The diamond invention—the creation of the idea that diamonds are rare and valuable, and are essential signs of esteem—is a relatively recent development in the history of the diamond trade. Until the late nineteenth century, diamonds were found only in a few riverbeds in India and in the jungles of Brazil, and the entire world production of gem diamonds amounted to a few pounds a year. In 1870, however, huge diamond mines were discovered near the Orange River, in South Africa, where diamonds were soon being scooped out by the ton. Suddenly, the market was deluged with diamonds. The British financiers who had organized the South African mines quickly realized that their investment was endangered; diamonds had little intrinsic value—and their price depended almost entirely on their scarcity. The financiers feared that when new mines were developed in South Africa, diamonds would become at best only semiprecious gems.

"The major investors in the diamond mines realized that they had no alternative but to merge their interests into a single entity that would be powerful enough to control production and perpetuate the illusion of scarcity of diamonds."



http://www.theatlantic.com/magazine/arch...nd/304575/

yup.gif Bingo! I read that some time ago.

(09-17-2014, 10:30 PM)UniqueStranger Wrote:  http://www.youtube.com/watch?v=w8cvUd9vTtM

http://www.youtube.com/watch?v=VfunfoX2KOk

Diamonds, diamonds (not around 3.3 billion years old) everywhere.

hi5.gif Great informative videos, but I wouldn't want my Grandma made into a ring. damned.gif
That's just out there.

wonder.gif
Chris P. Bacon Show this Post
09-17-2014, 11:25 PM #13
Chris P. Bacon Incognito Anonymous
 
(09-17-2014, 06:42 PM)JayRodney Wrote:  Show me a person with a psychological need that only diamonds fill and I'll show you a person you should run like hell from.

lol.gif First hand account?
09-17-2014, 11:36 PM #14
j browsing Member
Posts:5,158 Threads:1,098 Joined:Jul 2012
(09-17-2014, 11:25 PM)Chris P. Bacon Wrote:  
(09-17-2014, 06:42 PM)JayRodney Wrote:  Show me a person with a psychological need that only diamonds fill and I'll show you a person you should run like hell from.

lol.gif First hand account?

lmao.gif

"when life gives you lemons..throw them at someone"...Grumpy Cat good.png
09-17-2014, 11:45 PM #15
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,286 Threads:1,438 Joined:Feb 2011
13.gif It was something I heard one of the big boys at the pool hall say. When I was little.
I'd never do anything that damn dumb. bored.gif


rofl.gif

wonder.gif



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