Just a Friday off-topic subject to ponder. Let''s face it. I''m a guy. I could care less about a piece of carbon. But I know women love them. Thus I would buy a diamond ring for my gf. because I love her.
With that aside, I saw a segment on one of those primetime shows (20/20, Primetime etc. don''t remember which) maybe 4-5 years ago. They had reporters posting as consumers going to various jewelry store and seeing if they get scammed (switching of diamond, offering incorrect info etc.). But that''s not what interests me. What was interesting to me that I got from the show was diamonds are not rare. They are abundant of diamonds but because they are a girl''s best friend, the diamond conglomerate decides to stash all the very good quality diamonds in a warehouse that will never see the light of day and only sell diamonds which we see in the market today, compromising on carat or clarity/color or cut. But of course, there are limited amount of the best of the 4c available to the millionaires and actors/actresses etc.
Of course it is in their best interest to do so. Otherwise, the market will be flooded with everyone sporting 1, 2 or 3 carat. There won''t be money to be made anymore.
In fact in the same show, good quality colored gems like sapphire, emerald etc. are even rarer than diamonds. So, if you truly want the most precious stone on earth, it ain''t diamonds.
The show also show a walk through of a warehouse in Russia I believe with bags and bags of diamonds. An undisclose location of course. Diamonds that will never see the light of day.
They also talked about conflict diamonds etc.
Anyone who saw this segment, care to share what your thoughts are?
With that aside, I saw a segment on one of those primetime shows (20/20, Primetime etc. don''t remember which) maybe 4-5 years ago. They had reporters posting as consumers going to various jewelry store and seeing if they get scammed (switching of diamond, offering incorrect info etc.). But that''s not what interests me. What was interesting to me that I got from the show was diamonds are not rare. They are abundant of diamonds but because they are a girl''s best friend, the diamond conglomerate decides to stash all the very good quality diamonds in a warehouse that will never see the light of day and only sell diamonds which we see in the market today, compromising on carat or clarity/color or cut. But of course, there are limited amount of the best of the 4c available to the millionaires and actors/actresses etc.
Of course it is in their best interest to do so. Otherwise, the market will be flooded with everyone sporting 1, 2 or 3 carat. There won''t be money to be made anymore.
In fact in the same show, good quality colored gems like sapphire, emerald etc. are even rarer than diamonds. So, if you truly want the most precious stone on earth, it ain''t diamonds.
The show also show a walk through of a warehouse in Russia I believe with bags and bags of diamonds. An undisclose location of course. Diamonds that will never see the light of day.
They also talked about conflict diamonds etc.
Anyone who saw this segment, care to share what your thoughts are?