Relevant article on the synthetic diamond trade from Wired last year: http://www.wired.com/wired/archive/11.09/diamond.html
edit: oops I mean 2003; 11.09 was the issue number
Have you ever tried to sell a diamond?
11–20 of 89 posts
Re: Have you ever tried to sell a diamond?
#12Interesting, but too long for me to read right now. Does anyone know why De Beers seems to be exempt from U.S. anti-trust laws?
There's a longstanding case still bouncing around the court system:
http://en.wikipedia.org/wiki/De_Beers_Diamonds_Antitrust_Lit...
Re: Have you ever tried to sell a diamond?
#13Re: Have you ever tried to sell a diamond?
#14Relevant article on the synthetic diamond trade from Wired last year: http://www.wired.com/wired/archive/11.09/diamond.html edit: oops I mean 2003; 11.09 was the issue number
From 2003, not last year. Here's a 2007 update: http://www.wired.com/wired/archive/15.02/start.html
Re: Have you ever tried to sell a diamond?
#15note that this article is from the 1980s, not recent (though still accurate)
That's what makes this article a classic. You could change the date to today's, and nothing would seem out of place.
Re: Have you ever tried to sell a diamond?
#16Interesting, but too long for me to read right now. Does anyone know why De Beers seems to be exempt from U.S. anti-trust laws?
There's a longstanding case still bouncing around the court system: http://en.wikipedia.org/wiki/De_Beers_Diamonds_Antitrust_Lit...
"The settlement provides $295 million to purchasers of diamonds and diamond jewelry, including $130 million to consumers."
Does anyone think it seems like a very low number? Just $130 million for consumers, considering the cartel has been operating for decades and brought in billions?
Re: Have you ever tried to sell a diamond?
#17Relevant article on the synthetic diamond trade from Wired last year: http://www.wired.com/wired/archive/11.09/diamond.html edit: oops I mean 2003; 11.09 was the issue number
Does anybody know where I could buy a synthetic clear diamond?
Re: Have you ever tried to sell a diamond?
#18My favorite quote from the article ...
"Watts found that the diamond had mysteriously shrunk in weight to 1.04 carats. One of the jewelers had apparently switched diamonds during the appraisal"
Re: Have you ever tried to sell a diamond?
#19de beers + venter + toxo = bacteria designed to modify your buying behaviour.
Re: Have you ever tried to sell a diamond?
#20Earlier quoted context omitted.
There's a longstanding case still bouncing around the court system: http://en.wikipedia.org/wiki/De_Beers_Diamonds_Antitrust_Lit...
"The settlement provides $295 million to purchasers of diamonds and diamond jewelry, including $130 million to consumers." Does anyone think it seems like a very low number? Just $130 million for consumers, considering the cartel has been operating for decades and brought in billions?
Sounds low to me. And the agreement not to monopolize sounds flimsy. But I'm sure the class action legal firms did just fine.