Thread: Diamonds
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Old 08-25-2007, 12:50 AM
peragro peragro is offline
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Join Date: Jul 2004
Location: Ridgecrest, CA
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Quote:
Originally Posted by Larry Delor View Post
I saw the thread, and decided not to answer yesterday, for personal reasons. Namely, that it is my belief that the prices for diamonds are artificial - mostly due to the fact that DeBeers owns most of the diamonds out there, and that they (DeBeers) are very well aquainted with the law of supply and demand.

In other words: I'd rather have $5k worth of Gold, than a $5k diamond. (not to mention that after years of wearing, a diamond will have cracks and things - gold you can melt and re-cast.
Good points.

Did you know that Sapphires were the stone of choice way back when before diamonds were mined to a great extent? It was what all the royal folks wore. BTW, Sapphires come in blue and red, the red ones are called Rubys. There's a lot of variation from pale to dark. Just a thought.
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