Anyone Ever Consider Diamonds As An Investment? - Page 4

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amida17 Pillar of the Community United States 4897 Posts	Posted 11/19/2011 10:03 pm I am actually talking about natural Moissonite not manufactured. I was not trying to allude to investment potential in cheap jewelry. I was trying to ask if NATURAL Moissonite, being many times more rare than any "precious" stone, held any value? Edited by amida17 11/19/2011 10:04 pm Report this Post to the Staff
hockingzig Pillar of the Community United States 1450 Posts	Posted 11/20/2011 3:48 pm I think the fact that it can be synthesized limits its investment potential. Incidentally,I was at a gem and jewelry show yesterday and was talking to a vendor who owns mines in several countries mining a variety of minerals and he told me DeBeers had sold off their business because they can't control supply anymore. He also said some market gurus in the diamond market are predicting a drop of 40% in diamond values over the next year. Again,this is hearsay(I have not been able to confirm the sale of DeBeers)but this guy is in a position to know such things! Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21788 Posts	Posted 11/21/2011 06:18 am hockingzig: As I understand it, what you say about De Beers is right. The reason why De Beers were loosing control of the supply side of the diamond industry goes back the the Argyle Diamond Mine in Western Australia coming on stream around 20 years ago. At one time the Argyle deposit was the biggest supplier of gem grade diamonds from a single mine in the world. I don't think it is now. The best stones (about 5% of the top stones), from the Argyle deposit were and are still being cut in Perth, and released directly onto the top quality gem market, outside De Beers control. Report this Post to the Staff
biggfredd Rest in Peace United States 9104 Posts	Posted 11/22/2011 12:19 am Then there's the $135 million class action suit: http://consumerist.com/2008/01/boug...lawsuit.html Report this Post to the Staff
biggfredd Rest in Peace United States 9104 Posts	Posted 11/22/2011 12:21 am google de beers sells mine...looks like they sold several. Report this Post to the Staff
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