Diamonds are really worthless....

[CapNCash]

I have found that Diamonds have very little value unless someone is getting married and thinks they have to spend X amount of money on their girl, so they go to the jewelry store and get ripped off.

I have been trying to sell a 1.38k diamond for 2 months for less than HALF the price of retail and cant even get anyone interested in it.

What a ripoff. We might as well just put CZ's in our girls ears.

 

[steaktartar]

jewlery..art......most collectibles are over valued..........unless you've got one of the old honus wagners......you will usually get half or less if you really are trying to sell

 

[texansfan]

Of course diamonds are not worth what you pay for them.. The diamond industry is controlled by DeBeers. I once saw a program on 60 minutes and it showed how diamonds the Russian gov't has locked away. They literally have millions of these things locked away. DeBeers will pay whatever is necessary to avoid anyone flooding the market with diamonds. Diamonds are only rare because DeBeers keeps a tight control on who can buy them and how many they let out into the market.

 

[CapNCash]

Diamonds arent rare at all. Look on craigslist and ebay at the millions of people that cant sell their little shiny rocks. Its only the chumps that go pay full retail in Jewelry stores that give diamonds any value at all.

 

[fhmesq44]

I have found that Diamonds have very little value unless someone is getting married and thinks they have to spend X amount of money on their girl, so they go to the jewelry store and get ripped off.

I have been trying to sell a 1.38k diamond for 2 months for less than HALF the price of retail and cant even get anyone interested in it.

What a ripoff. We might as well just put CZ's in our girls ears.

Try this,

http://auction.idonowidont.com/index.php?

I have heard of a couple people who had success selling on here.

 

[C.P.]

Of course diamonds are not worth what you pay for them.. The diamond industry is controlled by DeBeers. I once saw a program on 60 minutes and it showed how diamonds the Russian gov't has locked away. They literally have millions of these things locked away. DeBeers will pay whatever is necessary to avoid anyone flooding the market with diamonds. Diamonds are only rare because DeBeers keeps a tight control on who can buy them and how many they let out into the market.

spot on....

I've got a buddy in the biz.....he says the same thing ALL the time

 

[RobFunk]

Have you seen Blood Diamond?

The scene near the beggining when Commander Zero whips out a coffee can and pours a bunch of rocks on Archer's (DiCaprio) hand. "So many I dont know what to do wid dem!"

There are enough diamonds in that tattered coffee can to buy a mansion and a Ferrari and put your kids through college. And 'Commander Zero' Is sitting in a shack watching a busted TV.

 

[primetime21+]

CHeck out the movie Blood Diamond. A decent movie, but basically gives you an idea as to how this nonsense works.

But the same question can be said of almost all precious metals.

 

[RobFunk]

CHeck out the movie Blood Diamond. A decent movie, but basically gives you an idea as to how this nonsense works.

But the same question can be said of almost all precious metals.

I just cant get over the fact having AK47's and rocket launchers means more to them than anything.

I dont think they fully grasp how much those rocks are worth in other parts of the world.

Screw civil war. I'd rather have beach front in Monaco.

 

[texansfan]

I just cant get over the fact having AK47's and rocket launchers means more to them than anything.

I dont think they fully grasp how much those rocks are worth in other parts of the world.

Screw civil war. I'd rather have beach front in Monaco.

I think the diggers know how much they are worth. The diggers are heavily watched and are probably killed if they try and steal one. Those diggers are easily replaceable as they are probably payed pennies a day.

 

[CapNCash]

I try not to get my education from watching movies.

 

[RobFunk]

I try not to get my education from watching movies.

Blood diamonds are real, movie or not.

 

[BillDildeaux]

Of course diamonds are not worth what you pay for them.. The diamond industry is controlled by DeBeers. I once saw a program on 60 minutes and it showed how diamonds the Russian gov't has locked away. They literally have millions of these things locked away. DeBeers will pay whatever is necessary to avoid anyone flooding the market with diamonds. Diamonds are only rare because DeBeers keeps a tight control on who can buy them and how many they let out into the market.

I've been f'in around on the internet today and saw this about diamonds. You can get some money back.


Buy A Diamond? Money Might Be In Your Future
updated 5:51 a.m. CT, Fri., Jan. 11, 2008
WNBC-TV NYC

NEW YORK - Diamonds are said to be a girl's best friend. Now, that friend is potentially worth a substantial amount of money back as a result of a multimillion-dollar settlement with diamond behemoth De Beers. Information On Refunds

The company that controls a huge share of the rough diamond market has agreed to pay nearly $300 million in a price-fixing dispute.

Customers who bought finished diamonds might be able to get hundreds of dollars back.

De Beers, one of the largest diamond suppliers in the world, has agreed to give Americans money back as a result from a class action lawsuit against the company alleging antitrust violations.

John Maher, the plaintiffs' attorney, said the diamond leader violated the law.

"They controlled and monopolized the sale of rough diamonds and as a result merchants paid more than they should have for those stones," he said.

De Beers has not admitted to doing anything wrong in the $295 million settlement. An earmark of $135.4 million has been made for consumers who file a claim.

Consumers can download information online at the settlement Web site.

The diamonds could have been purchased from any jewelry store in the country between Jan. 1, 1994, and March 31, 2006.

According to the claims administrator, a consumer who purchased a $2,000 engagement ring would be entitled to a maximum of $640 back. However, consumers are warned not to count that money yet as the formula only takes into account the value of what a consumer purchased and how many people file claims.

For those eligible, the filing deadline is May 19.


Notable pieces of information:

• Deadline is May 19, 2008.

• Claims can be made for gem quality diamonds only.

 

[steaktartar]

I try not to get my education .

.

 

[CapNCash]

yeah Steak you are really brilliant after watching all those Michael Moore and Steven speilberg films.

 

[shdw01]

Dammit....i just bought a diamond last week that will send me to the poorhouse....nice to know it was worthless

 

[steaktartar]

yeah Steak you are really brilliant after watching all those Michael Moore and Steven speilberg films.

even dumbing myself down with those i know you/anyone else on gods green earth isnt opening up shop and making a living without juice.......you and lapdance can officially vote yourselves morons of the year early here in 2008

 

[CapNCash]

Dude why do you go around trying to pick fights on the internet? Do you know how gay you are?

 

[hellah10]

just go to Arkansas and mine your own

 

[steaktartar]

Dude why do you go around trying to pick fights on the internet? Do you know how gay you are?

im not im just stating how stupid you are...just trying to keep the facts correct...........you made the statement you could run a book and not charge juice and make money...........that is incorrect maybe if you hand picked a few certain customers...then ok......but your statement was 100% wrong im not picking a fight im trying to help you...so if you think im gay or not go fuck yourself.........you are clueless