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Re: [Orchid] Diamond developments  
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From: MillsGem
Date: Sat Mar 06 00:49:19 2004
 
     
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David,

    Seems logical to me that de Beers might be reducing the rough output
    to the sight holders so as not to oversupply the market when it
    starts loosing ground to the lab diamonds. 

    Furthermore, it has been announced that de Beers is close to signing
    a settlement agreement with the American government which may enable
    it to start directly marketing its own diamonds. They are already
    doing this in Europe and Japan. Therefore, it behooves them to make
    an effort to maintain high prices. Since the American market
    consumes fifty per cent of the worlds' diamonds we are probably
    going to see a massive effort by de Beers to extoll the perceived
    value of natural diamonds. I can just see it now: "ONLY NATURE DOES
    IT BEST" ....and ,of course, de Beers sells only the best....blah ,
    blah, blah 

    As for lab diamonds , I think it is only a matter of time before
    they come way down in price. I remember when C.Z. commanded a price
    that was a hundred times more than it is now ! Witness how cheap
    synthetic abrasive diamonds are now. 

    The gemstone market is poised on the brink of massive tumult...it
    will be interesting to see how it all shakes out.   Ron MIlls, Mills
    Gem Co. Los Osos, Ca. 


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