DE BEERS, WORLD'S LARGEST DIAMOND PRODUCER SHUTS DOWN MINES, DUE TO SLIDING WORLD SALES | |
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Anonymous Coward User ID: 466677 United States 02/24/2009 05:32 PM Report Abusive Post Report Copyright Violation | Diamonds have little value anyway. They are in abundance and their cost has been artificially inflated for years by DeBeers. DIAMONDS ARE A FARCE!!! Diamonds used for wedding rings, engagement rings etc are worth bout 10% of what you pay for them. They are trash. Diamonds are the WORST thing you can buy unless you buy "investment quality" diamonds, which are few and far between and not affordable by the the masses. |
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anonymous User ID: 622148 United States 02/24/2009 05:54 PM Report Abusive Post Report Copyright Violation | D flawless VVS diamond 1 carat solitaire sold for $29,000.00 retail by very very late 70s ..then they dropped to around $10,000.00 retail by approx mid 80s and still sat unsold everywhere..dealers of fine diamonds and fine gemstones just store them in vaults toil prosperous times return...some do sell some of thier stock very cheap to generate some cash flow from time to time in hard times..price of gold has caused new diamonds to be impossible to market ..diamonds sales always tank if gold rises .$265.00 an ounce is best gold price to market diamonds. if gold rises to high then diamonds must then depreciate or the consumers buyer market shuts down. that is what has been happening for years now, as high oil stold disposable pocket money from the consumer public. |
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Anonymous Coward User ID: 622104 Canada 02/24/2009 06:09 PM Report Abusive Post Report Copyright Violation | They have more diamonds in their vaults then is on the market. Quoting: NikkiLaVeyDiamonds have little value anyway. They are in abundance and their cost has been artificially inflated for years by DeBeers. DIAMONDS ARE A FARCE!!! Diamonds used for wedding rings, engagement rings etc are worth bout 10% of what you pay for them. They are trash. Quoting: Anonymous Coward 466677 |
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