Someone once told me
that diamonds weren't intrinsically very valuable, but clever marketing, coupled with our materialistic culture and 'I-want-one-too' attitudes, had left them grossly overpriced.
Do you care to confirm or deny these scurrilous rumours?
(, Tue 7 Aug 2012, 15:23, Reply)
Maybe it was a bad choice of word.
I was thinking of how few uses it has. Gold is a good conductor, is very malleable and doesn't corrode easily; it makes sense that it's expensive. Diamond could be replaced by glass in a ring and not many people (other than your bank manager) would be any the wiser.
(, Tue 7 Aug 2012, 16:17, Reply)
The price is kept artificially high though limited release.
A guy I worked with in the jewelry trade went to the russian diamond stores years ago.
There were shipping containers full of uncut stones.
A lot of the demand against blood diamonds is them stopping unregulated supply lowering the price.
(
Cerebus Sticky! Sticky! Stick! Stick!, Tue 7 Aug 2012, 16:25,
Reply)
