21–30 of 45 posts
Earlier quoted context omitted.
Right you are... The people of Botswana don't even rate a mention in the article, they're likely not going to see a single dime of the proceeds which will be in the many tens of millions of US$.
The Botswana Government will get a 10% royalty.
>Last week, Hong Kong billionaire Joseph Lau paid 48.6 million Swiss francs ($48.4 million) at Sotheby’s in Geneva for a 12.03-carat blue diamond, the most spent on a jewel at auction. A day earlier, he paid 28.7 million francs for a 16.08-carat pink diamond. Both purchases were for his 7 year-old daughter, his office said.
Since the main difference between coal and diamonds is some expensive processing (currently it's usually done by natural processes but that detail can be changed) So diamonds might have a fair price of, to be generous, 1000 * times the cost of coal. So diamonds cost the ballpark of $50 per kilogram. Obviously they don't right now, but it gets you thinking about the intrinsic value of diamond and how that price might…
Since the main difference between sand and Intel processors is some expensive processing, processors might have a fair price of, to be generous, 1000 times the cost of sand. So processors cost the ballpark of $10 per kilogram. Obviously they don't right now, but it gets you thinking about the intrinsic value of processors and how that price might move in the future.
See for instance http://www.antipope.org/charlie/blog-static/2012/08/how-low-...
Earlier quoted context omitted.
I wonder about the intrinsic value of dollar notes.
Caloric value of paper or textile?
We have reached levels of unfathomable wealth. >Last week, Hong Kong billionaire Joseph Lau paid 48.6 million Swiss francs ($48.4 million) at Sotheby’s in Geneva for a 12.03-carat blue diamond, the most spent on a jewel at auction. A day earlier, he paid 28.7 million francs for a 16.08-carat pink diamond. Both purchases were for his 7 year-old daughter, his office said.
We have reached levels of unfathomable wealth. >Last week, Hong Kong billionaire Joseph Lau paid 48.6 million Swiss francs ($48.4 million) at Sotheby’s in Geneva for a 12.03-carat blue diamond, the most spent on a jewel at auction. A day earlier, he paid 28.7 million francs for a 16.08-carat pink diamond. Both purchases were for his 7 year-old daughter, his office said.
We have reached levels of unfathomable wealth. >Last week, Hong Kong billionaire Joseph Lau paid 48.6 million Swiss francs ($48.4 million) at Sotheby’s in Geneva for a 12.03-carat blue diamond, the most spent on a jewel at auction. A day earlier, he paid 28.7 million francs for a 16.08-carat pink diamond. Both purchases were for his 7 year-old daughter, his office said.
We have reached levels of unfathomable wealth. >Last week, Hong Kong billionaire Joseph Lau paid 48.6 million Swiss francs ($48.4 million) at Sotheby’s in Geneva for a 12.03-carat blue diamond, the most spent on a jewel at auction. A day earlier, he paid 28.7 million francs for a 16.08-carat pink diamond. Both purchases were for his 7 year-old daughter, his office said.
That's nothing. Another guy from Hong Kong is offering more than twice that to anyone who can convince his daughter to be with a man.
Since the main difference between coal and diamonds is some expensive processing (currently it's usually done by natural processes but that detail can be changed) So diamonds might have a fair price of, to be generous, 1000 * times the cost of coal. So diamonds cost the ballpark of $50 per kilogram. Obviously they don't right now, but it gets you thinking about the intrinsic value of diamond and how that price might…
It won't because the main value of dug diamonds is rarity, which makes them perfect goods to display your wealth and status. Many of these goods are stored in vaults (some in freeports, areas of an airport carved out for fiscally optimized storage), and the only sign of a change of ownership is an extra name on a registry... but the whole point is to leave your mark on that registry. So, the demand for these diamonds…
A "synthetic" diamond is 100% a genuine diamond, made from the same stuff as mined diamonds.
Earlier quoted context omitted.
So diamonds cost the ballpark of $50 per kilogram. Close. Current prices for industrial diamonds seem to be more like $100-400 pr. kilogram depending on exactly what you want. Of course those diamonds aren't exactly the type you put into jewelry.
> Current prices for industrial diamonds are more like $100-400 pr. kilogram IIRC the price was closer to 20 times that for diamond dust, did something change very recently?