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 Post subject: Zimbabwe ruling the roost with cheap diamonds
PostPosted: Wed Feb 15, 2012 4:28 pm 
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Joined: Tue Jun 03, 2008 4:40 pm
Posts: 2667
Location: South Dakota
[Feb 15 2012]
"Zimbabwe diamonds are available at $40 per carat, which is very cheap as compared to other mining giants whose diamonds are sold above $100 per carat...................."

http://www.mineweb.com/mineweb/view/min ... &pid=92730

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 Post subject: Re: Zimbabwe ruling the roost with cheap diamonds
PostPosted: Fri Feb 17, 2012 9:21 pm 
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Get that down to $10 per carat and I'll become a Mormon.


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 Post subject: Re: Zimbabwe ruling the roost with cheap diamonds
PostPosted: Mon Mar 05, 2012 1:29 am 
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Joined: Sat Feb 16, 2008 8:11 pm
Posts: 43
Location: Portland, Oregon
What's offensive is why the diamonds go for $40 a carat! Hasn't anyone wondered why they are so cheap?...

I have high hopes for this documentary that is about to air on my favorite television channel:

MUGABE'S BLOOD DIAMONDS
http://www.linktv.org/programs/mugabes- ... iamonds?hm

I love Martin Rapaport's quote in the promo link I posted:

"There's a reason god scattered those in the lands of the poorest people of the world, and [created] a want for the richest people in the world to buy them"

If one meditates on this saying (in any religion) I don't think anyone would ever want to buy diamonds from Mugabe's failed terrorist state.


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 Post subject: Re: Zimbabwe ruling the roost with cheap diamonds
PostPosted: Mon Mar 05, 2012 11:31 am 
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Posts: 19828
Location: San Francisco
Uhmmm...this is not out of line for rough diamond prices. $40 per carat is midrange.

In an article in Rappaport mag a few years ago, rough, gem quality, diamond prices were quoted from a low of $20 per carat to a high of $120 per carat in Sierra Leone as I recall.

I would love to get a copy of the article if anyone still has it.


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