Would you work...

Umbran · Feb 25, 2014

It seems I must remind people that EN World does not accept the use of foul language. If your post invokes the language filter, you're over the line. Please, folks, keep it clean.

Homicidal_Squirrel · Feb 25, 2014

Dannyalcatraz said:
What kind of data are you mining for, HS? Don't be so paranoid, I'm just asking a question. I wanted to bring the discussion back on topic, and I was listening to the song Grillz by Nelly while thinking of a question.

In any case, I take it you wouldn't work for the diamond industry?

sabrinathecat · Feb 25, 2014

Don't forget the DeBiers Diamond Cartel is exactly that: a Cartel. They control the vast majority of the diamonds in the world. Try to work without them? They flood the market with whatever type of diamonds you have, making yours worthless. And they've built up a reserve to be able to do that.
The fact that the world is mostly convinced that diamonds are still rare stones is a testimony to their power.

Homicidal_Squirrel · Feb 25, 2014

sabrinathecat said:
Don't forget the DeBiers Diamond Cartel is exactly that: a Cartel. They control the vast majority of the diamonds in the world. Try to work without them? They flood the market with whatever type of diamonds you have, making yours worthless. And they've built up a reserve to be able to do that.
The fact that the world is mostly convinced that diamonds are still rare stones is a testimony to their power.

So is that a yes or a no on working in the diamond industry?

Dannyalcatraz · Feb 25, 2014

DeBeers is actually a broken cartel- big finds in Australia, Canada and especially Russia broke their power back in the mid-1990s.

You may reacall, Russia needed wheat, and wanted loans to buy it. South Africa blocked them. So Russia invited 60 Minutes to tour a couple of their diamond vaults. The display of multiple rows of only industrial storage racks (the shelves they use at Sam's) filled with shoebox-sized bins of 1 carat D-color flawless brilliant cut diamonds in a single vault was what hit the air, with the tour guide noting that this is what Russia would have to sell if they couldn't get loans.

South Africa caved.

Zombie_Babies · Feb 25, 2014

Dannyalcatraz said:
What kind of data are you mining for, HS? Every industry has an unsavory side.

Diamond mining? The Blood/Conflict diamond controversy is well documented, as is the fact that most mines that aren't involved at all, and that the industry sandard involves a lot of engraving and tracking of diamonds.

And mining of diamonds and other materials have other issues as well: labor, environmental hazards, conflicts over land & water usage with other land owners, etc.

Furniture & instruments? The acquisition of rare woods and organic materials has been linked to environmental waste, poaching, murder and even terrorism.

And?

Actually the participation in the certification process is voluntary and not well enforced. Blood diamonds are laundered and passed as non-blood diamonds pretty easily.

Scott DeWar · Feb 26, 2014

sabrinathecat said:
Funny, thats to be how I feel when I watch most popular drama series these days.

heh, so do I. I also only watch tv on hulu, where if I don't like a show or episode I can delete or I can speed past a portion of an episode if I like.

Scott DeWar · Feb 26, 2014

And to counter, If I recall, you can determine the origins of a diamond to an area by the mineral impurities as detected by spectrograph analysts or sometimes by the same tech that they determine color/clarity.

sabrinathecat · Feb 26, 2014

Dannyalcatraz said:
DeBeers is actually a broken cartel- big finds in Australia, Canada and especially Russia broke their power back in the mid-1990s.

You may reacall, Russia needed wheat, and wanted loans to buy it. South Africa blocked them. So Russia invited 60 Minutes to tour a couple of their diamond vaults. The display of multiple rows of only industrial storage racks (the shelves they use at Sam's) filled with shoebox-sized bins of 1 carat D-color flawless brilliant cut diamonds in a single vault was what hit the air, with the tour guide noting that this is what Russia would have to sell if they couldn't get loans.

South Africa caved.

And yet diamonds are still considered precious stones worth thousands of $. 60-minutes did another piece on DeBiers in 2000-2002. Cartel may be "broken", but it is still a strong influence with no sign of releasing control.

Scott DeWar · Feb 26, 2014

I remember a .95 c diamond was worth 10,000 us in the early 90's. now you can get the same for 3-5 thousand, i think.

Would you work...

Umbran

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