Some sort of pun intended? lolInteresting article. Really shows how rough it is to make it in this industry.
Some sort of pun intended? lol
The article is actually a great read for the many believers in the story that diamond-pricing is entirely artificial and based solely on a giant marketing-machine.
It clearly illustrates how costly and speculative diamond mining is. And the miners have the advantage of only selling 3 C's, and the biggest market-thinking being that these 3 C's are the most important value-factors.
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If diamonds were no longer perceived as a rarity, wouldn’t you think pple would then place more emphasis in paying for the cut (quantity vs quality)