Why is the diamond monopoly allowed to do business in the United States?

Canna Sylvan · Apr 14, 2012

Are all the diamond cartels smarter than Microsoft? I never understood it. Diamonds aren't anywhere near rare.

I collect Tourmaline for my wife, which are many times rarer than diamonds. Even Paraiba, Chrome and Rubellite don't fetch the price diamonds can. Paraiba only comes from one mine in Brazil which is smaller than a football field. I finally got my hand on a AA quality 0.25 carat Paraiba for $50!

bundee1 · Apr 14, 2012

[video=youtube;5Ur2er-STls]http://www.youtube.com/watch?v=5Ur2er-STls&noredirect=1[/video]

deprave · Apr 14, 2012

Because Arms Dealers and other War profiteers (and criminals) always get their way... Thats why they call them "Blood Diamonds"
[video=youtube;aaqQjIzIbiY]http://www.youtube.com/watch?v=aaqQjIzIbiY[/video]

robert 14617 · Apr 14, 2012

Tourmaline is a 7-7.5 on the Moh's scale of hardness, about the same as Tanzanite.

deprave · Apr 14, 2012

Also on a more serious note:

[video=youtube;EtwM0Xz4TbQ]http://www.youtube.com/watch?v=EtwM0Xz4TbQ[/video]

Moses Mobetta · Apr 14, 2012

It's the way they are marketed, shiny rocks that have far less real value than what they cost. I bought a 1/2 carat for my wife for our anniversary. It is certified and cost me $500, because I have a friend who sells diamonds in NY. A diamond that size of the same clarity would retail for 4x what I paid at the time I bought it. That being said I will probably never buy another one but thats what she wanted. The whole exploitation of the workers who mine these diamonds is awful and says dont buy them to me, learned that afterward. Gold for having real value is what I would invest in at the right time.

NoDrama · Apr 14, 2012

The DeBeers family controls the diamond industry with a iron fist. They purposely keep supply short to influence prices.

I know this is going to sound like "Conspiracy", but the Rothschild family owns controlling interest in the DeBeers company. Many of you have probably heard of a Rhodes scholar or even the now defunct country of Rhodesia, both named after Cecil Rhodes. He is the one who made possible the mining with the backing of Rothschild. You can read all about it here:http://en.wikipedia.org/wiki/De_Beers

Wiki said:
The company was founded by Cecil Rhodes, who was financed by Alfred Beit and N M Rothschild & Sons.[SUP][2][/SUP] In 1927, Ernest Oppenheimer, a German Jewish immigrant who had earlier founded mining giant Anglo American PLC with American financier J.P. Morgan,[SUP][3][/SUP] managed to wrest control of the empire, building and consolidating the company's global monopoly over the diamond industry until his retirement. During this time, he was involved in a number of controversies, including price fixing, antitrust behaviour and an allegation of not releasing industrial diamonds for the US war effort during World War II.

But don't worry, it's all just conspiracy theory, and I am just some lunatic.

Proof that Rothschild and DeBeers go hand in hand....http://www.debeersgroup.com/en/About-Us/Governance/Board-Of-Directors/Baron-David-de-Rothschild/

deprave · Apr 14, 2012

NoDrama said:
The DeBeers family controls the diamond industry with a iron fist. They purposely keep supply short to influence prices.

I know this is going to sound like "Conspiracy", but the Rothschild family owns controlling interest in the DeBeers company. Many of you have probably heard of a Rhodes scholar or even the now defunct country of Rhodesia, both named after Cecil Rhodes. He is the one who made possible the mining with the backing of Rothschild. You can read all about it here:http://en.wikipedia.org/wiki/De_Beers

But don't worry, it's all just conspiracy theory, and I am just some lunatic.

Proof that Rothschild and DeBeers go hand in hand....http://www.debeersgroup.com/en/About-Us/Governance/Board-Of-Directors/Baron-David-de-Rothschild/

Yea they actually destroy diamonds on the years they get extra - keep it at a certain quota to keep the price just how they want it.

Canna Sylvan · Apr 14, 2012

deprave said:
Because Arms Dealers and other War profiteers (and criminals) always get their way... Thats why they call them "Blood Diamonds"
[video=youtube;aaqQjIzIbiY]http://www.youtube.com/watch?v=aaqQjIzIbiY[/video]

Then what are these non-conflict diamonds places like Ben Bridge sell? I found a diamond ring. About a carat solitaire. I only got $200 for it because I couldn't prove where it was mined. Since you can't prove where a stone was exactly mined, doesn't that inflate price?

Just like my Paraiba. I bought on it being copper bearing and fire qualities. Marketing, not stone characteristics, can make Paraiba up to $7000 a carat. But mine looks exactly the same, for only $200 per carat.

Why is the diamond monopoly allowed to do business in the United States?

Canna Sylvan

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bundee1

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deprave

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robert 14617

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deprave

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Moses Mobetta

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NoDrama

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deprave

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Canna Sylvan

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