Biggest Diamond in More Than a Century Unearthed in Botswana
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Re: Biggest Diamond in More Than a Century Unearthed in Botswana
#2Yay, this will bring so much wealth to the people of Botswana!
Re: Biggest Diamond in More Than a Century Unearthed in Botswana
#3Since 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 move in the future.
Re: Biggest Diamond in More Than a Century Unearthed in Botswana
#4Since 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…
I wonder about the intrinsic value of dollar notes.
Re: Biggest Diamond in More Than a Century Unearthed in Botswana
#5Since 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…
I wonder about the intrinsic value of dollar notes.
Caloric value of paper or textile?
Re: Biggest Diamond in More Than a Century Unearthed in Botswana
#6Since 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 $50 per kilogram. Obviously they don't right now, but it gets you thinking about the intrinsic value of diamond and how that price might…
I wonder about the intrinsic value of dollar notes.
Same as it is for coal - how long it takes to burn it. Which is a lot quicker.
On the other hand, flags, religious symbols, and monuments don't have a ton of intrinsic value either, but humans are funny that way, with their social contrivances.
Re: Biggest Diamond in More Than a Century Unearthed in Botswana
#7Yay, this will bring so much wealth to the people of Botswana!
Right you are...
The people of Botswana don't even rate a mention in the article, they're likely not going to see a single dime of the proceeds which will be in the many tens of millions of US$.
Re: Biggest Diamond in More Than a Century Unearthed in Botswana
#8Yay, this will bring so much wealth to the people of Botswana!
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$.
I think he was sarcastic :)
Re: Biggest Diamond in More Than a Century Unearthed in Botswana
#9Earlier quoted context omitted.
I wonder about the intrinsic value of dollar notes.
Same as it is for coal - how long it takes to burn it. Which is a lot quicker. On the other hand, flags, religious symbols, and monuments don't have a ton of intrinsic value either, but humans are funny that way, with their social contrivances.
Unlike coal or religious symbols, diamonds aren't just useful for fuel. The properties of diamond (e.g. transparent, very hard) make it a useful material. More so if the price comes down.