I read about DeBeers' market manipulation decades ago, in, of all
places, Penthouse magazine. The story remains the same. At the time,
it was dismissed as just another conspiracy theory, but it stayed with
me because it had the ring of truth to it. Glad to see it reaching
more people.
I'm sure all those brides and mistresses will make better choices now.
ScottGee1
(who ain't holdin' his breath on that last point . . . )
On 3/2/07, Paul Braun <cygnus@xxxxxxxxxxxxx> wrote:
> Darin wrote:
> > If you haven't seen "Blood Diamond" yet, I highly recommend it as well.
> >
>
> Absolutely. We just saw that last month - amazing performance. I've
> done some reading on the whole diamond cartel and the DeBeers "Diamonds
> are rare and expensive" myth, and what I saw seems to track fairly
> closely with what I read.
>
> If you haven't done so yet, do a little Googling on DeBeers and The
> Diamond Myth. Essentially, the current market conditions are a complete
> fabrication by DeBeers and their ad agency. And they do have
> underground vaults with billions of dollars' worth of diamonds being
> kept off the market to keep the price artificially high. They are
> scared to death of the current flow of Russian diamonds, since the
> Russians refuse to sign onto the cartel.
>
> Paul Braun
> Valparaiso, IN
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