Registered: Nov 2010
10-26-11 04:23 PM
Quote from rew:
Yes, diamonds are weird. Gold is gold, a fairly rare element. Diamonds are carbon, a cheap and common element. It is now possible to manufacture gem quality diamonds at relatively low cost. But the diamond industry has convinced people that if diamonds are extracted from a mine they're somehow vastly more valuable. The market is tightly controlled and the bid/ask spreads are huge.
I'd stay away from diamonds as a store of value.