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Some diamond news

Garry H (Cut Nut)

Super_Ideal_Rock
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Joined
Aug 15, 2000
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16,120
Two stories - holding back diamonds from the market. De Beers in their 80% monopoly days did this and were rubbished to Hell and back for doing it. Strange it does not mass media news when it happens today?


And many of you have heard me mention that GIA Horizon program. They can ID diamonds that have been RE-sent to them by dealers trying to get a better grade.
Part of the system is incredibly accurate weight measurement - how many decimal points do you think are possible?


Try the 5th - that is like a tiny tiny little spec of dust!
 

Karl_K

Super_Ideal_Rock
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Aug 4, 2008
Messages
11,131
Two stories - holding back diamonds from the market. De Beers in their 80% monopoly days did this and were rubbished to Hell and back for doing it. Strange it does not mass media news when it happens today?

A lot of industries and or plants shut down for the pandemic so can not really go after them there.
Holding back specials does not harm many people and those it does can probably afford it.
Its not really comparable to De Beers which harmed everyone and abused a very high level of monopoly power to rule the industry with an iron fist in an illegal manner.
 

Karl_K

Super_Ideal_Rock
Trade
Joined
Aug 4, 2008
Messages
11,131
And many of you have heard me mention that GIA Horizon program. They can ID diamonds that have been RE-sent to them by dealers trying to get a better grade.
Part of the system is incredibly accurate weight measurement - how many decimal points do you think are possible?


Try the 5th - that is like a tiny tiny little spec of dust!
GIA needs to name names and a law enforcement investigation done.
Stuff like this can destroy trust in the entire industry.
Good on them for catching it!
 
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