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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Bill/WA who wrote (74392)3/2/2001 3:03:43 AM
From: KeepItSimple  Read Replies (1) of 436258
 
The entire basis for the high price of diamonds is due to the global monopoly held by DeBeers. Diamonds otherwise are pretty worthless. Several companies are developing techniques to manufacture perfect synthetic diamonds up to 10 kt that can't be distinguished from the real thing even by a gemologist. Debeers bought out an operation at GE in the 80's that pioneered the process- it was on 60 minutes, but now smaller companies are re-creating their work. Some mines in Russia are basically threatening to collapse the world market for diamonds with a flood of supply.

Shiny bits of carbon are not that rare.

Go for gold.

However, I would be interested in buying diamonds wholesale since the typical markup at a retail jewelry store is around 100% at a minimum.
>Would diamonds be an equivalent investment to gold or is their attraction
>that they're easier to transport?
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