[Jewelry making - Article 00734] - Re: [Orchid] Blood Diamonds

[Daniel R. Spirer]

========[ Invite a Friend - http://www.ganoksin.com/invite.htm  ]========

    I really wish everyone would try to stay current on their
    statements. Things that once were change over time. It's important to
    read everything possible to stay on top of what is happening in
    reality. 

>     In fact site holders are given a parcel and it is a take it or
>     leave it proposition. 

    This is no longer true and hasn't been for a number of years.
    DeBeers moved away from this system quite awhile ago. DeBeers
    currently controls less than 60% of the world's diamond market.
    Despite this prices have not moved down because the pricing structure
    benefits all of the world's diamond producers, including Canada and
    Australia. 

>     The only true value of a diamond is in its industrial applications. 

    Sure enough, but the only true value of gold or platinum is in its
    industrial applications as well, but that isn't how people perceive
    it. And value is all about perception. I mean look at how many people
    went out and bought rocks when some guy came up with the idea of Pet
    Rocks. 

>     Can you readily convert it to cash at full retail value? 

    What is it that you can buy anywhere that you can readily convert to
    cash at full retail value? I don't know of anything that is "readily"
    (count out property with that statement) that is sold at retail that
    can later be converted back into full retail value. The fact of that
    matter is that a lot of diamonds are readily convertible into cash.
    There are companies all around me who will buy your diamonds for
    cash. Will you get full retail value? Maybe if the piece was
    purchased 20 years ago. Usually not, but then what can you buy that
    you will get back full retail value?

Daniel R. Spirer, G.G.
Daniel R. Spirer Jewelers, LLC
1780 Massachusetts Ave.
Cambridge, MA 02140
www.spirerjewelers.com
____________________________________________________________________
T h e   O r c h i d   L i s t
Open Electronic Forum for Jewelry Manufacturing Methods and Procedures
____________________________________________________________________
Orchid FAQ:
~ http://www.ganoksin.com/orchid/faq.htm
Orchid Archives:
~ http://www.ganoksin.com/orchid/archive
Orchid Galleries:
~ http://www.ganoksin.com/orchid/gallery.htm
Invite a Friend:
~ http://www.ganoksin.com/invite.htm
____________________________________________________________________
Tips From The Jeweler's Bench - Article Archive
~ http://www.ganoksin.com/borisat/tip_sear.htm
The Jeweler's Selected Bibliography List
~ http://www.ganoksin.com/jewelry-books
Buy Orchid Jewelry:
~ http://www.ganoksin.com/shop
____________________________________________________________________
-Unsubscribe:
-Email: orchid-request AT ganoksin.com Body=unsubscribe subject=blank
____________________________________________________________________