Wednesday, November 15, 2006
Diamond age approaches: Article on diamond coating nanowires for 100x better conductivity at low temps.
This morning I watched Gentlemen Prefer Blonds, with the song Diamonds are a Girl's Best Friend. This post is a placeholder for an upcoming rant on why the diamond market is most likely to collapse soon.
Short version:
Artificial diamonds are cheaper than real ones, and will get cheaper still.
This means a diamond is no longer a store of value. It also means that the time to dump is now - the price will only go down from here. As this news filters down more widely,
hoarded diamonds will glut the market, driving prices down, which will be newsworthy, so regular folks will try to sell their diamonds, driving prices down further, till only sentimental value is left. Basicly, a diamond is worthless today, except for its current value in industrial use, and that there are stil greater suckers out there who havent heard or don't get it.
This morning I watched Gentlemen Prefer Blonds, with the song Diamonds are a Girl's Best Friend. This post is a placeholder for an upcoming rant on why the diamond market is most likely to collapse soon.
Short version:
Artificial diamonds are cheaper than real ones, and will get cheaper still.
This means a diamond is no longer a store of value. It also means that the time to dump is now - the price will only go down from here. As this news filters down more widely,
hoarded diamonds will glut the market, driving prices down, which will be newsworthy, so regular folks will try to sell their diamonds, driving prices down further, till only sentimental value is left. Basicly, a diamond is worthless today, except for its current value in industrial use, and that there are stil greater suckers out there who havent heard or don't get it.
Comments:
Post a Comment
