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The value of diamonds will eventually crash when the manufacturing process becomes widespread enough. The raw material, carbon, is cheaply available. The scarc
by StrawberryFrog 18y ago
The value of diamonds will eventually crash when the manufacturing process becomes widespread enough.
The raw material, carbon, is cheaply available. The scarcity is an engineering problem, which is being solved.
- DabAsteroid 18y agoThe scarcity is an engineering problem, which is being solved. But scarcity is what makes mined-diamonds valuable. http://www.google.com/search?q=exclusivity+luxury http://www.google.com/search?q=exclusivity+luxury How did you get the idea that diamond-scarcity is a problem?
- StrawberryFrog 18y agoDiamonds being scare and high-priced is not a problem for DeBeers, no. But it is for most other people who would like cheaper diamond for jewellery or for industrial/consumer uses. Wouldn't you like a iPhone with a screen of solid clear diamond? It would be hard to scratch. IMHO, DeBeers and the perception of diamonds as scarce and valuable can only stand against engineering progress for a limited time.