Author Topic: De Beers admits defeat over man-made diamonds  (Read 96 times)

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enochsea7

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De Beers admits defeat over man-made diamonds
« on: May 30, 2018, 05:14:37 PM »
http://money.cnn.com/2018/05/29/news/companies/de-beers-man-made-diamonds/index.html

I wonder if, over time, this will make it more difficult to sell recovered diamonds

Offline Voyager

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Re: De Beers admits defeat over man-made diamonds
« Reply #1 on: May 31, 2018, 09:34:16 AM »
In the long run gold will be more valuable than diamonds!  Even if mankind had not copied nature's laboratory, the earth is continuing to produce diamonds whereas gold is finite.  After we finished extracting gold from the earth, that's it, no more!!! Of course here in the Philippines, there will still be some hidden in secret bunkers!!

V

enochsea7

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Re: De Beers admits defeat over man-made diamonds
« Reply #2 on: May 31, 2018, 10:10:23 AM »
In the long run gold will be more valuable than diamonds!  Even if mankind had not copied nature's laboratory, the earth is continuing to produce diamonds whereas gold is finite.  After we finished extracting gold from the earth, that's it, no more!!! Of course here in the Philippines, there will still be some hidden in secret bunkers!!

V

So you wouldn't recommend holding diamonds as a store of value? If someone recovers any diamonds, you think they should try to sell them immediately? Seems you're right. The value of diamonds is doomed to go down. Maybe sooner than later.

I guess its only a matter of time before they figure out how to make synthetic rubies, emeralds and saphires... It's quite sad when you think about it.