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Gold/Mining/Energy : Winspear Resources -- Ignore unavailable to you. Want to Upgrade?

To: Natedog who wrote (23368)	7/21/1999 2:01:00 AM
From: bill	Read Replies (1) \| Respond to of 26850

I'd be happy to post prices but I got the information from my son in law. Didn't see them myself. When I get a chance I'll go look. He's heard me talk about diamonds, WSP, ABZ, DMM, etc. and so when the owner of the jewelry shop said he had WSP diamonds, my SIL took notice. He said all the diamonds were loose. 1/4,1/2, 1 carat. I don't want to mislead anyone but the ask on the 1 carat was over 20K if I remember correctly. He described the diamonds as very nice with a blue color to them. If they are "blues", then they are at the very top of all the whites, I believe. To go beyond blue you have got to get to a good pink or a red. He used the loupe and the jeweller showed him how to look for the polar bear.The shop is about 30 minutes away. As soon as I can, I'll make the trip. I wondered, though, if the jeweler had the name of the company mixed up because he said that DeBeers had a right to a percentage of the diamonds. I thought 35%. Sorry that this is so imprecise but the call came in the middle of office hours. Trying to listen with one ear while working at something else. The jeweler said they were top quality diamonds. Certainly the price indicates that is so. Fora time, I used to buy loose stones at auction and a one carat could be had for fifteen hundred bucks. The mark ups are huge, of course. It's like buying coins and stamps at ten percent of catalogue value. The markups in the business are astounding so when an estate comes up the prices are minus retailer, wholesaler, jobber. People will actually pay for setting "Oh, John, I just love that ring." which often has no great value since even with 18 k gold there is not much gold in a ring. 24k Chinese gold is beautiful but too soft to wear very often. Nice stuff to look at! People don't know what to do with loose stones so they trade at a big discount outside of the classy shops even though they are certified and valued. Still, all the more power to DeBeers and their promo. It's like Starbucks coffee. "You want me to pay WHAT? for a cup of coffee with a foreign name?" but we do it. Great marketing. Clever manipulation of people's vanity and desire.

To: Natedog who wrote (23368)	7/21/1999 2:24:00 AM
From: fern1	Read Replies (1) \| Respond to of 26850

Has enyone taken a look at what wsp taken out of the ground in just the bulks??? $1.2mm!!!U.S. DMM,Abz, etc. are no where near this at this stage of their exp. Everyone get a grip, tonnage done, grade done, value done, all this and counting, what's the problem? I do not post very often but I do like entertainment wherever I can find it. I give you all full marks on that count. There are a lot of learned individuals with verying opinions and some who just like to see themselves in print, everyone knows who they are. I would like to see this thread as an exchange of ideas, theories, not insults and condemnations from week minded individuals. Bottom line people, act like an adult and don't fight with morons. And for god's sake keep your eye on the ball.