[quote=Veritas]Diamonds are forever? And what if the fakes get out unlabeled?[/quote]
So far, manufactureered ones are colored gems, not clear.. (See article). But apparently machinery doesn’t exist to distiguish manufactured ones from real (at least not at that time early 2000’s…Maybe debeers has those machines now)…
There’s a dirty secret about diamonds that debeers doesn’t want folks to know. Diamonds aren’t really in short supply, and most of them do depreciate too. Has anyone ever been able to sell one at “appraised value”. I think not…. Plus contrary to believe, diamonds can be chipped and scratch… so unless it’s never worn, it’s is entirely possible to turn a rock from VVS1/VVS2 into a SI1/SI2 if the person isn’t careful.
But from a totally of the wall philosophical angle, I find the entire concept of “precious metals/precious stones” kinda interesting…If we have entire economies/societies build on such commodities, doesn’t there come a point that it’s more cost effective to try to produce those?
Now that’s what think it means about “creating wealth”..Print paper to pay people dollars to create machines to create precious commodities which can then be used to back all the paper, which can then be used to finance jobs/technology to create even more precious commodities…:) Fortunately, it’s just science fiction (right now)…
