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Full disclosure: my family is in the diamond business There are a few points I'd like to address: > Only by carefully restricting the supply has De Beers kept

Full disclosure: my family is in the diamond business There are a few points I'd like to address: > Only by carefully restricting the supply has De Beers kept the price of a diamond high. This was the case a long time ago but not anymore. De beers seems to only have a 37% market share - not enough to control the market. [O] > Diamonds, however, are not an investment. The market for them is neither liquid nor are they fungible. Not entirely true. Diamond prices fluctuate and have appreciated in value over time, you just have to be savvy about it like any other investment. It's unfortunate that the markup on lower quality diamonds is so high but its largely due to a lack of knowledge on the consumer side. AKA do your homework and buy/sell from a wholesaler like abemor.com (wink, wink) > You might want one because it looks pretty or its status symbol to have a “massive rock”, but not because it will store value or appreciate in value. You can say the same thing about art. Diamonds are collectors items. To be continued... [0] = https://www.google.com/search?q=debeers+marketshare&ie=UTF-8&oe=UTF-8&hl=en-us&client=safari https://www.google.com/search?q=debeers+marketshare&ie=UTF-8...

joering2 8y ago
37% is enough to control the market. > Not entirely true. Diamond prices fluctuate and have appreciated in value over time Which wife wants to wear a used diamond? You probably are in first-hand sale and you don't resale. Diamond are like new cars; the moment you take it off the lot, it loses 40% of the value. You coudl truly bring it next day to same seller and he will offer you 30-45% less simply because "I have to be honest and tell new buyer its been worn before". > You can say the same thing about art. Diamonds are collectors items. No you cannot say the same, as Diamonds are not art. While each diamond is unique, their uniqueness does not add enough to value in order to justify holding it as a collector items. Their uniqueness is equal to each $1 dollar bill being unique because each have unique serial number. Unless you keep very unique Diamond, majority of them will depreciate in value. Most art is unique from each other; I mean we just had few hundred millions bid on some popular paintings down at Rockefeller auctions; can you point me to any article when someone purchased diamond for X and sold it for Y, while Y > X ?
intopieces 8y ago
> largely due to a lack of knowledge on the consumer side. Every con in history is due to lack of knowledge on the side of the duped.
kasperni 8y ago
As a dane that is a pretty funny name for a serious company. Abe Mor literally means 'monkey mum' in danish.

joering2 8y ago

37% is enough to control the market. > Not entirely true. Diamond prices fluctuate and have appreciated in value over time Which wife wants to wear a used diamond? You probably are in first-hand sale and you don't resale. Diamond are like new cars; the moment you take it off the lot, it loses 40% of the value. You coudl truly bring it next day to same seller and he will offer you 30-45% less simply because "I have to be honest and tell new buyer its been worn before". > You can say the same thing about art. Diamonds are collectors items. No you cannot say the same, as Diamonds are not art. While each diamond is unique, their uniqueness does not add enough to value in order to justify holding it as a collector items. Their uniqueness is equal to each $1 dollar bill being unique because each have unique serial number. Unless you keep very unique Diamond, majority of them will depreciate in value. Most art is unique from each other; I mean we just had few hundred millions bid on some popular paintings down at Rockefeller auctions; can you point me to any article when someone purchased diamond for X and sold it for Y, while Y > X ?

intopieces 8y ago

> largely due to a lack of knowledge on the consumer side. Every con in history is due to lack of knowledge on the side of the duped.

kasperni 8y ago

As a dane that is a pretty funny name for a serious company. Abe Mor literally means 'monkey mum' in danish.