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How much did you invest...

Community Veteran
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Registered: 21-03-2011

How much did you invest...

Were you one of those who invested a big wedge of money in a diamond ring/ear rings/necklace for your spouse?
Very generous if you did but did you know this?
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Re: How much did you invest...

an investment? no, but a nice gift maybe Smiley
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Re: How much did you invest...

Haven`t read the whole article,.... but if that lot gets on the market..... the price will dump itself, and you could find diamond trinkets as giveaways in your cornflake packets....  Cheesy
kmilburn
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Re: How much did you invest...

Strangely enough,  I doubt it'll get onto the market with sufficient speed to hurt prices that much,  or is that just me being cynical...
Then again...
Quote
The Soviet government reportedly discovered the deposits in the 1970s on a scientific expedition, but decided to keep the information secret so as not to disturb world markets and lower the value of their already-profitable Mirny mine further east
LukeAger
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Re: How much did you invest...

Diamond Clarity and Colour has as much impact on the price of a Diamond as the carat and so although whilst this is still a massive amount of carat's. The actual percentage of high quality Diamonds i suspect is relatively low otherwise I think their decision to "keep the information secret" would have been the last thing they would have done. (IMO)
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Re: How much did you invest...

Quote from: kmilburn
 I doubt it'll get onto the market with sufficient speed to hurt prices that much

I would imagine that if the same deposits were here our government would have flooded the market and sold the lot off at the lowest price possible.
Much the same as they did with our countries gold reserves.
Community Veteran
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Re: How much did you invest...

You mean as they did with our nationalised industries??  Cheesy
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Re: How much did you invest...

Up until now De Beers have had a near monopoly on the industry and controlled the output to sustain the price.  I would imagine they will be very involved to see the price is protected.