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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Mark Nelson who wrote (8649)	10/30/1997 9:33:00 PM
From: White Shoes	Respond to of 94695

Mark we should probably take this off thread. Diamonds are classified by grade. Gem quality (flawless, with the right characteristics) would never get crushed etc. But yes there are industrial uses, the Argyle mine in Australia is an example of a very low grade but high volume producer. Most of the South African mines produce very high grade diamonds with high per carat values. Size, colour, and quality are important. I understand synthetic diamonds are the wave of the future so the lower grade stuff will eventually be worth much less. But like a Picasso, there are only so many 20 carat stones around.