Investment Quality Diamond?

[Dancing Fire]

Date: 5/4/2006 10:24:57 PM
Author: perry

(I'm not sure if DH ever learned how to barter other goods and services - not a common practice in America).

Perry

Perry
are you kidding? i'am chinese.we haggle on everything

i once bought a pair of shoes at Macy's,i haggle until i got 20% off.

 

[WinkHPD]

Date: 5/4/2006 8:24:33 PM
Author: Garry H (Cut Nut)

Date: 5/4/2006 7:33:11 PM
Author: Dancing Fire

Date: 5/4/2006 10:25:55 AM
Author: Wink

Date: 5/1/2006 3:34:50 AM
Author: Garry H (Cut Nut)
Back in the last resources boom - 1979 - 1980 - the Rapaort price for 1t D IF got to $36,000 because a lot of people thought there were such things as investment diamonds.

Gary, just a small mistake on your pricing. In February of 1980 a one carat D-FLawless traded at the Diamond Dealers Club in New York, between dealers for $65,000 per carat. Shortly after that the bottom dropped out of the market, along with gold, silver and platinum.

Wink

Wink
yep.....that sounds more like what i heard.i heard it was $60k.

I think the maximum Rap price was still $36k as I remeber - and it is around 1/2 that today.

Maximum Rap my have been 36, but there was quite the hubub in the trade when that diamond sold for 65k between dealers. Don''t know if it was ever passed on to a greater fool or if that was the greatest fool of the diamond price frenzy...

Wink