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Diamonds

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Gray
36990.  Sun Dec 04, 2005 7:03 pm Reply with quote

There was a documentary a year or two ago that showed that diamonds can now be manufactured to more or less any size and colour in a suitably equipped laboratory. This would leave 'real' diamonds with only the paperwork they came with to show that they were 'genuine' - they would be indistinguishable from 'artificial' ones.

Therefore, the paperwork, including the registration numbers of the stones, is the expensive thing. The information is prized - not the atoms. 'Knowing' they're real is the value. But even knowledge can be faked because that kind of knowledge is essentially down to belief.

I suppose gold must have similar artificially constrained values as well, seeing as how currency is based on it?

 
djgordy
36995.  Sun Dec 04, 2005 7:58 pm Reply with quote

Gray wrote:


I suppose gold must have similar artificially constrained values as well, seeing as how currency is based on it?


No countries base their currencies on gold any more. The UK abandoned the gold standard in 1931 and the USA in 1971. These days gold is just a useless yellow metal*.





*So if you happen to have any lying around just give it to me so that it stops cluttering up your house.

 
Caradoc
36996.  Sun Dec 04, 2005 8:12 pm Reply with quote

Diamond production is monopolised by de Beers which seems to be a quite nasty company to work for here or here & uses its muscle fairly effectively.

I can't find confirmation at the moment but from memory recall a documentary which reported that de Beers once dumped several tons of diamonds into the sea as they had an overstocking problem.

 
dr.bob
37026.  Mon Dec 05, 2005 6:46 am Reply with quote

It seems to be a universal truth that pretty much any multinational, highly successful company will be quite a nasty company, both to work for and (unsurprisingly) to its competitors (or anyone else who gets in their way).

 
eggshaped
37034.  Mon Dec 05, 2005 7:12 am Reply with quote

Flash Wrote:

Quote:
This is a great topic


But something tells me that De Beers would not see it that way. I see a Rolls-Royce-Chickens-style problem.

 
Celebaelin
37586.  Wed Dec 07, 2005 11:56 pm Reply with quote

The best quality diamonds available are described as having colour D. Colour grades A, B and C are theoretically possible but no-one has ever seen them yet.

Quote:
Effect of color on price: In general, as the amount of yellow in the stone increases, the value of a diamond decreases, that is until the fancy color grades are reached, and then the value goes up again. Roughly, for an internally flawless (IF) round brilliant diamond of 1-1.5ct., prices fall about 25% in going from D to E color, and then about 10% more for each additional grade (F=-35%, G=-45, H=-55%) until one gets to H color, where the difference decreases to about 5% less going from H to I color (I=-60%). So the first color decrease from D to E will provide you with by far the largest increment in saving money.


http://www.diamondexpert.com/articles/color.html

 
Flash
37604.  Thu Dec 08, 2005 5:52 am Reply with quote

When I was at university I applied for a job with De Beers. Didn't get to first base, but it sounded like a really interesting gig - they sent their new recruits off as trainee diamond buyers and mine managers in remote parts of the world.

 
Nileus
37705.  Thu Dec 08, 2005 3:45 pm Reply with quote

So, what's so sick about having a small amount of your cremated remains made into a diamond?

 
Jenny
37779.  Thu Dec 08, 2005 8:57 pm Reply with quote

I think having your cremated remains made into a diamond is a fabulous idea.

I like the diamond colour grades - A B C and D, except the first three don't exist. That might have a question in it somewhere.

 
Amie
37967.  Fri Dec 09, 2005 4:56 pm Reply with quote

Quote:
So, what's so sick about having a small amount of your cremated remains made into a diamond?


I think it's rather nice, you can wear your loved one around your neck/ on your finger/ around your wrist for the rest of your life.

Or if all else fails you can pawn it...

 
falsedog
39386.  Wed Dec 14, 2005 3:41 pm Reply with quote

"Diamonds are forever" an advertising slogan? Wow, I thought that was an Ian Fleming invention. So, what has happened is that a businessman has marketed an object that, by advertising, we universally agree is a physical manifestation of the degree of love a man or woman is prepared to buy for their partner (unless you are buying one to cut something), but which is inherently valueless and not even rare. It's all held up by faith! Sounds like religion.

They burn very easily though, for all their reputation as the "hard men" of the precious stones world.

 
Jenny
39449.  Wed Dec 14, 2005 8:08 pm Reply with quote

Anybody know how much it costs to have the cremated remains of your loved one made into a diamond?

 
Jenny
39450.  Wed Dec 14, 2005 8:16 pm Reply with quote

OK I now know the answer to the above question. It costs between $2,699 and $19,999, depending on the size and colour (blue diamonds are slightly more expensive than yellow because the process takes a little longer). You can get it cheaper if you book before you (or your loved one) die though.

You can find details here.

Morbid as it sounds, I wish I'd known about that (or maybe it wasn't available then, I don't know) when my first husband died. I would have loved to have been able to do that.

 
djgordy
39457.  Wed Dec 14, 2005 8:58 pm Reply with quote

Jenny wrote:
You can get it cheaper if you book before you (or your loved one) die though.



Her 'Hello darling, I've bought you a wonderful present'.
Him 'Gosh, have you really? What is it?'
Her 'Well darling when you die I'm going to have you turned into a lovely diamond.'
Him 'That's nice, although I was hoping to be cryogenically frozen and revived when advances in medical science have increased life expectancy to 200 years.'
Her '...............nah, the diamond idea is better. Now hurry up and eat that lovely meal I've made you. What's that dear? No I haven't the faintest idea how that rat poison bottle got in the kitchen.'

 
Gray
134809.  Mon Jan 15, 2007 10:13 am Reply with quote

Looks like there may be another source of (some) diamonds after all: space!

http://space.newscientist.com/article.ns?id=dn10953

Quote:
Black diamonds found in only a few places on Earth may have crashed down from space in a kilometre-sized rock, according to new research.

The diamonds, also called carbonado, are only found in Brazil and the Central African Republic. Unlike other diamonds, they are made of millions of diamond crystals that are stuck together.


And this article.

 

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