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Diamonds Aren’t Forever

01 Dec

Pretty . . . Shiny . . . but Significantly Over-Priced . . . Rocks [courtesy Google Images]

Pretty . . . Shiny . . . but Significantly Over-Priced . . . Rocks
[courtesy Google Images]

Business Insider (“This startup is trying to take down the diamond industry with Leonardo DiCaprio”) reports:

 

Diamond Foundry is a startup based in California that claims to be able to ‘grow’ hundreds of real diamonds in just a few weeks.  Size can range up to 9 carats per gem.

“Actor Leonardo DiCaprio is just one of many influential investors backing the endeavor that could change the face of the diamond industry as we know it.”

 

DeCaprio starred in the movie “Blood Diamonds” which explored the violence and oppression that can be endemic within the African diamond industry.  Apparently, DiCaprio is participating in this venture as a means to attack the “blood diamond” industry.  I.e., if inexpensive diamonds can be produced in laboratories, there’ll be less need for African diamond mines and/or the violence associated with “blood” diamonds.

Diamonds have always been a risky investment because diamonds are actually quite common.  However, the diamond industry (especially, DeBeers) has artificially restricted the supply of diamonds by refusing to allow most of its inventory to reach the public.  By artificially restricting the supply, the diamond industry has artificially increased the diamonds’ price and profits. The artificial restriction on the supply of diamonds is evidence of fraud.  They are telling us that something is far more rare–and therefore far more valuable–than is, in fact, the truth.

However, if the Diamond Foundry has discovered a new technology to “grow” diamonds in the lab, the current diamond industry will no longer be able to restrict the supply of diamonds, the price of diamonds will fall, and the current diamond industry may collapse.

Implications:

 

 1.  As an investment, most retail diamonds are silly because the supply has been artificially restricted. Soon, laboratory-grown diamonds may be as plentiful and cheap as cubic zirconia.

2.  Some other gems that are truly rare and not yet susceptible to being “grown” in laboratories may soon become our favorite “rocks”. For a while.

3.  However, given that virtually all gems are crystals, and given that Diamond Foundry has allegedly found a way to “grow” one variety of crystals (diamonds), it seems inevitable that every other gem-quality crystal will soon also be grown in large numbers and large sizes in laboratories. Who knows?  Within the next few years, we might see bowling balls grown out of a single diamond or ruby crystal.

 

In any case, given the accelerating rate of technological progress, once science learns how to make large quantities of inexpensive diamonds in the lab, it won’t be long before it also learns how to grow rubies, emeralds and sapphires—by the pound.  Maybe by the ton.

Further implications?

The current gem industry could be significantly diminished or even destroyed within the next five to ten years.

There may always be a collectors’ market for the largest, purest and most extraordinary gems.  But the retail markets for the smaller (less than 9 carats) gems may tank within the next few years.

Now’s probably not the time to buy your brother-in-law’s jewelry store or a bag of diamonds to preserve your wealth through the Greater Depression.

 
7 Comments

Posted by on December 1, 2015 in Fraud, Values

 

Tags: ,

7 responses to “Diamonds Aren’t Forever

  1. wholy1

    December 1, 2015 at 3:37 PM

    More financial “industry” alchemy? If it is true, wonder which “Fraud Preserve” connected firm will end up with the “rights”.

     
  2. Erin

    December 1, 2015 at 4:19 PM

    good

     
  3. kanani

    December 1, 2015 at 10:47 PM

    I heard there’s been a glut of most precious stones for a good while.

    Too, according to certain aspects of cyclic catastrophism, diamonds do not take millions of years be created.

     
    • kanani

      December 1, 2015 at 10:48 PM

      I heard there’s been a glut of most precious stones for a good while.

      Too, according to certain aspects of cyclic catastrophism, diamonds do not take millions of years to be created.

       
  4. peg-powers

    December 5, 2015 at 9:50 AM

    Friday, Dec. 5: De Beers announced they are closing their unprofitable billion-dollar Snap Lake diamond mine in the Northwest Territory, Canada, laying off 434 people. I think young women are opting for a permanent tattoo instead of jewelry which is easily stolen.

     
  5. thecompanyofcreators

    December 5, 2015 at 6:50 PM

    Bloody well about time!!! I was going to be a gemologist until I discovered the truth about the industry. Thank you for telling the truth!!!
    The reign of tyranny and corruption is at an end!
    “When corruption no longer is profitable it will cease”
    That is why the Ameri-cans nee to “arm” them selves with the law and “bear” those arms by suing these criminals in robes and the counties states which are their Principles. Make their white collar crimes no longer “business as usual” Including and especially Fraudclosures, Unlawful property tax and sales, income tax when all you are ding is exchanging by contract which it not “income” and so forth… to get educated join us on talkshoe.com number 126101. Special show this Saturday 12/5/15. you can call in 724-444-7444 and punch in 126101# to join or ask questions. Email truthmonger6@gmail.com to get your email on the list for future shows, not used for any other purpose. Blessings to all who come in kindness

     
  6. peg-powers

    December 6, 2015 at 9:58 AM

    What makes you think you can “sue” these criminal Govco employees in any way, shape, or form? You might be able to go after their fidelity or surety bond. Get real.

     

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