After substantial research, I have come to the conclusion that there never will be a "diamond market"; that diamonds' value will always be subjective... that they are a poor hard asset. The majority of why is the sheer number of diamonds we mine each year is why- the market that controls the industry... the [I[supply[/I]. Hard to trade a diamond for a shotgun in some dystopian future... Gold is the standard. Diamond is not. There is no diamond market. Your thoughts?
Blood diamonds dealer arrested... American-Belgian businessman arrested on 'blood diamond' charges Aug. 30, 2015 -- Michel Desaedeleer, a dual American-Belgian citizen, was recently arrested in Spain on suspicion of enslavement and pillage of "blood diamonds" during Sierra Leone's civil war.
there isnt much of a market fo diamonds anymore..people don't get married like they used to...and who can afford to spend a lot of money of a carbon jewel...
The "diamond market" is a cartel operated by the major diamond producing nations and the largest diamond firms. The cartel strictly controls the world supply of diamonds to keep the price within a narrow range. It has been estimated that the per carat price of diamond is maintained at around 500% higher than supply and demand warrant due to the cartel, which has cut back its own sales because of all the "rouge" diamonds that have flooded into the diamond exchanges in resent years.
Well, more specifically the Debeers, but now I must run away from the necro thread before I get flies biting me.
