/biz/ - Business & Finance

[Anonymous No.12547093]

Why aren't diamonds listed in the stock market the same way gold, silver, and oil are? "Because not all diamonds are equal". Okay fair enough. Why not list prices for the different grades of diamonds then? inb4 "Diamonds are worthless they only have value because people think they do". The same could be said for gold. "Diamonds are common". Go outside and mine one then.

[Anonymous No.12547171]

>>12547093
You cannot mix diammonds with other things, the revert the process, then combine small diammonds into a big one of same purity, and then divide. What you can, tho, is create diammonds from carbon out of thin air, each year more easily.

[Anonymous No.12547216]

Debeers holds half of the worlds diamonds in an underground vault to artificially suppress the supply and continue to manipulate the price, just as they have been doing for 130 years.
From an actual intrinsic value standpoint natural diamonds are no more valuable than artificial ones that can be created cheaply in a lab.
Diamonds are an absolute meme propogated by debeers at the cost of hundreds of thousands of lives lost to war and forced labour.
Do not perpetuate this evil industry if you have any sense of human decency.

[Anonymous No.12547223]

the stupid question of the year award goes to...

[Anonymous No.12547232]

Diamonds are even more worthless than gold

The diamond companies have always had huge reserves of them, they drip feed them out to keep the price up. Biggest scam in history

[Anonymous No.12547234]

humanitarian reasons I imagine since niggers kill each other over them

[Anonymous No.12547342]

>>12547093
>Because not all diamonds are equal
you already answered it your self, how would you go about listing something that is non fungible and non dividable

[Anonymous No.12547514]

>>12547093
Well to be real diamonds are common in the earth... But yes finding the deposits can be hard. The rare stones are above 10cts and are investment class. I've worked for a lab diamond company too. They are really hard to make..

[Anonymous No.12547533]

>>12547216
What if I inherited diamonds from my meema?

[Anonymous No.12547539]

>>12547514
>Above 10cts

Are you serious? I though a diamond became a "real diamond" at like 3cts. How fucking large is a 10ct diamond ring?

[Anonymous No.12547957]

>>12547533
sell them and buy gold/silver

[Anonymous No.12548263]

>>12547093
I don't participate in the diamond economy for a variety of reasons.
They're pretty boring as far as shiny stones go,. Too much monopolistic power making them overpriced.

The woman unlucky enough to merry me will be getting an opal ring.

[Anonymous No.12548268]

>>12547093
because a small cartel has a monopoly on diamonds artificially keeping prices high. Without the cartel diamonds would collapse in price

[Anonymous No.12548278]

>>12547093
Because diamonds aren't fungible. If you want exposure to diamonds, you can invest in a mining company etc.

[Anonymous No.12548289]

>>12548268
Came here to say THIS!
Diamonds are like women, overvalued!

[Anonymous No.12548310]

>>12548268
In a sense gold is the same way. Huge amounts are simply stored in government vaults and never traded. Gold prices would plummet if they ever started selling.

[Anonymous No.12548327]

>>12548310
the difference is that that'd be organic, diamonds is all artificial. It's not like these governments are conspiring not to sell their gold and keep supply of the market. With diamonds there is a huge supply on the market but with a cartel setting their own prices.

[Anonymous No.12549049]

>>12548263
>opal hardness: 5.5-6.5
I bet your wife will love gemstones that scratch when you drop them.

[Anonymous No.12549179]

>>12547216
this

[Anonymous No.12549198]

>>12547093
Read this:
https://www.theatlantic.com/magazine/archive/1982/02/have-you-ever-tried-to-sell-a-diamond/304575/

[Anonymous No.12549208]

>>12548268
>'(((cartel)))'
Name the filthy kikes alrdy

[Anonymous No.12549366]

>>12547093
Diamonds are for dumb niggers.

[Anonymous No.12549655]

>>12549198
>https://www.theatlantic.com/magazine/archive/1982/02/have-you-ever-tried-to-sell-a-diamond/304575/

Very interesting and insightful article anon.
It confirm how much of a kike scam the diamond market is.

[Anonymous No.12549678]

>>12547093
Diamonds are incredibly easy and cheap to manufacture industrially. You can't make gold or silver however.

[Anonymous No.12549737]

>>12547093
>Asduroid mining

[Anonymous No.12549772]

>>12549737
Why even bother. The earth crust is filled to the brim with diamonds, it's literally everywhere if you dig deep enough.

[Anonymous No.12550024]

>>12547093
Gold and silver are commodities

Diamond is a produced good like BigMacs or your moms dildo.

Get off this board faggot. Seriously we need to start kicking off retarded zoomies.

[Anonymous No.12550135]

>>12550024
>zoomies

The boomies are the ones who fell hard for the diamondjew scam tho. I never heard a zoomer say "well i think i'll invest in diamonds".

[Anonymous No.12550739]

>>12550135
you're too busy playing with fidget spinners to get a job to afford a diamond.
And would you give it to? Your fuck pillow?
Get off my lawn

[Anonymous No.12550819]

>>12547539
Im sorry but what do you mean buy becoming a real diamond?? They were always diamonds.. But im talking about resale value. Diamonds up to 10cts have very little resale value.. Because there are so many of these stones.

>>12548263
Opals wont last your whole marriage they will craze, crack and scratch. Buy a sapphire or something.. girls love sapphires.

>>12549678
Yes industrial grade is easier but gem grade is more tricky.

[Anonymous No.12550881]

>>12547216
>>12547232
Mostly true and fuck diamonds except in cutting tool blades. However, demand for China has increased demand to such an extent that it slightly exceeds suppky at current prices.

Again though I agree its a total marketing scam and If I had the money Id just churn out fakes ones by the thousands.

[Anonymous No.12550963]

I never realized it before, but diamonds are probably responsible for the pic related anomaly of south africa among sub saharan countries.

[Anonymous No.12551206]

>>12547093
Look up the term fungiblity and you will understand how stupid you are

[Anonymous No.12551219]

>>12550963
The title of this map could also be “distribution of non-natives in Africa”

[Anonymous No.12551233]

>>12550963
Literally a map of white settlements in africa.

[Anonymous No.12551243]

>>12547093
the entire diamonds industry is manufactured you fucking retard. literally google it. jesus fuck

[Anonymous No.12551247]

>>12548289
diamonds are the altcoins when compared to the precious metals market. lots of diamonds look nice but if you don't know the deets, most are shit coins with a forged certicate ala whitepaper.

[Anonymous No.12551293]

Buy your wives mosanite. They can't tell the difference and it's cheap tho not as cheap as cubic zirconia so you can spend 1k and she thinks you spent 10k

[Anonymous No.12551309]

diamonds can be synthesized so they have no intrinsic value as a commodity. it’s just nignog bling.

[Anonymous No.12551547]

>>12547093
99% of diamond and the mines they are held in are owned by multibillion dollar corporations. They own almost all diamonds produced by earth. They pretend that diamonds are rare by only releasing a small amount each year while continuing their shitty marketing routine. Diamonds are forever. Diamonds are a girls best friend. Marriage is special and you need a diamond ring. The whole point of a diamond ring came from the idea of a dowry. Basicly if you divorce your wife who will be the house cleaner, cook, and child care giver she will still have something of value upon a divorce. Diamons are disaster waiting to happen. Just give your wife a brick of gold.

[Anonymous No.12551566]

>>12551309
You can tell the difference between a real diamon and a fake diamond by the way the light refracts off of its face. Fake diamons look dull compared to the real thing.

[Anonymous No.12551576]

>>12551309
Fake gold can be synthesized too but you can tell that fake gold is fake just like diamonds.

[Anonymous No.12551652]

>>12547216
You can't make convincing fakes. Most diamonds have imperfections that cannot be manufactured and fake diamonds have a different color pattern when looked at closely.

[Anonymous No.12551679]

>>12549198
Have you ever tried to sell an ounce of gold?

[Anonymous No.12551709]

>>12547093
Diamonds are a perfect example for why its a bad idea to let tye ownership of a commodity be centralized.

[Anonymous No.12551795]

>>12549049
>caring what she thinks about a sparkly fucking rock

Might as well have your tiny testes mounted on rings for her to wear.

[Anonymous No.12551809]

>>12547093
Gold is still gold when you dissolve it. Diamonds cease to be diamonds.

[Anonymous No.12551835]

>>12551576
You are a complete fucking retard and you're not even smart enough to know why.

[Anonymous No.12551843]

Why is silver worth so much less than gold though? It has all the same properties as gold but its circulatibg supply is smaller.

[Anonymous No.12551880]

>>12551835
If you can tell that something is fake it can't be sold as that item you are trying to copy. You can't replicate gold or diamonds. Thats a fact

[Anonymous No.12552644]

>>12547216
>Do not perpetuate this evil industry if you have any sense of human decency.
Or if you're an autist like me obsessed with meanings.
I don't give a fuck about dying niggers, but diamonds are still meaningless, unlike gold hich has actual value

[Anonymous No.12552691]

>>12551679
the spread is in the single digit percentages, it's not really comparable to diamonds.