Someone on one of the other forums put something up about price hikes in diamonds, and it reminded me of a thought I had. This is just a thought-as insane as it may or may not sound.
Supposedly the block D material from Tanzania is mined out completely, and supposedly those lovely Tsvoraties are on the virge of being mined out too. Spessertites are supposedly gone from Namibia, and it''s becoming so hard to get that orange rough from anywhere. Now barring certain vendors who have bought in quanity from some time ago, does it seem like in some cases that some people claim how rare something is but they have it all day long like there is no end in sight?
If I remember correctly, sometime shortly before 2000, there was a flood in Tanzania, and then there was some political situation. The next thing you know, the mining rights were more controlled compared to before if I remember correctly. Now, here we are some 5-6 years later and there is no more block D material.
There are rumors going around and speculation that DeBeers is considering buying the mines, blah blah blah. Maybe they are, maybe they aren''t. If all the good stuff is gone, unless they anticpate a price increase in the long term with the lighter colored stuff like the block D stuff, what would be the point if there is supposedly so little left of that now?
Who is to say that during the turmoil that comes about in places overseas that some government, investor, owner, etc. didn''t decide to hoard everything they could then to control the market later on? Who''s to say someone isn''t sitting on an entire stash of some stockpile of rough over seas so they can control the market like DeBeers does with their diamonds?
Granted, things eventually mine out. Eventually new deposits of various things are found. That''s a given. Knowing though that places like the US are huge markets and there are huge profits to be made with precious stones, the poor miners are making peanuts to find rough. Some of them know they are getting robbed relatively speaking, why not control the market for it if you''re the only source of it?
Wouldn''t it be ironic, if someone over seas somehow or another managed to stockpile some huge stash of rough and keep a lid on it? If you could do that, you could be like DeBeers except that nobody would know you exist. Who''s to say it hasn''t happened with someone with some material, and if it hasn''t, who is to say that it won''t?
Supposedly the block D material from Tanzania is mined out completely, and supposedly those lovely Tsvoraties are on the virge of being mined out too. Spessertites are supposedly gone from Namibia, and it''s becoming so hard to get that orange rough from anywhere. Now barring certain vendors who have bought in quanity from some time ago, does it seem like in some cases that some people claim how rare something is but they have it all day long like there is no end in sight?
If I remember correctly, sometime shortly before 2000, there was a flood in Tanzania, and then there was some political situation. The next thing you know, the mining rights were more controlled compared to before if I remember correctly. Now, here we are some 5-6 years later and there is no more block D material.
There are rumors going around and speculation that DeBeers is considering buying the mines, blah blah blah. Maybe they are, maybe they aren''t. If all the good stuff is gone, unless they anticpate a price increase in the long term with the lighter colored stuff like the block D stuff, what would be the point if there is supposedly so little left of that now?
Who is to say that during the turmoil that comes about in places overseas that some government, investor, owner, etc. didn''t decide to hoard everything they could then to control the market later on? Who''s to say someone isn''t sitting on an entire stash of some stockpile of rough over seas so they can control the market like DeBeers does with their diamonds?
Granted, things eventually mine out. Eventually new deposits of various things are found. That''s a given. Knowing though that places like the US are huge markets and there are huge profits to be made with precious stones, the poor miners are making peanuts to find rough. Some of them know they are getting robbed relatively speaking, why not control the market for it if you''re the only source of it?
Wouldn''t it be ironic, if someone over seas somehow or another managed to stockpile some huge stash of rough and keep a lid on it? If you could do that, you could be like DeBeers except that nobody would know you exist. Who''s to say it hasn''t happened with someone with some material, and if it hasn''t, who is to say that it won''t?