Other than diamonds

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LongCoolMother

Diamond Member
Sep 4, 2001
5,675
0
0
probably anything that is processed. just think about it, anything you buy is priced way higher than the actual material its made of. bike frames cost $1000+, yet the aluminum its made out of is no different than the that of the soda cans you see littered everywhere.
 

Noema

Platinum Member
Feb 15, 2005
2,974
0
0
Arcane Crystals. How can they cost more than Arcanite bars?

Oh...I've been playing too much WoW.

:eek:
 

Sphexi

Diamond Member
Feb 22, 2005
7,280
0
0
Originally posted by: Mo0o


But thats not artificially inflated is it? it just simply isn't there. De Beers has large store rooms of diamonds that they hold on to instead of releasing it into the market.


Every diamond that's sold goes through hours and hours of work, being polished, examined, cut, inspected again, and then it has to be mounted to a setting and verified once again before it can be sold. Diamonds aren't as inflated as you think, look at most jewelry stores, how often do you think they sell a $5000 ring? Probably once a month, twice a month, just enough to cover overhead costs for that store, not to mention costs on the ring itself.

So yeah, they do price things up a bit, but not by an extreme amount, and no more than most places. Go check out electronics sometime, most of the small stuff there is marked up by 1500% or more, costs the store $1.50 and they charge $30 for it.
 

Acanthus

Lifer
Aug 28, 2001
19,915
2
76
ostif.org
Originally posted by: Sphexi
Originally posted by: Mo0o


But thats not artificially inflated is it? it just simply isn't there. De Beers has large store rooms of diamonds that they hold on to instead of releasing it into the market.


Every diamond that's sold goes through hours and hours of work, being polished, examined, cut, inspected again, and then it has to be mounted to a setting and verified once again before it can be sold. Diamonds aren't as inflated as you think, look at most jewelry stores, how often do you think they sell a $5000 ring? Probably once a month, twice a month, just enough to cover overhead costs for that store, not to mention costs on the ring itself.

So yeah, they do price things up a bit, but not by an extreme amount, and no more than most places. Go check out electronics sometime, most of the small stuff there is marked up by 1500% or more, costs the store $1.50 and they charge $30 for it.

Read up on the De Beers monopoly, and the atrocities they commit to get the stones that they withhold from the market to artificially inflate the price and strongarm the diamond market.
 

Sphexi

Diamond Member
Feb 22, 2005
7,280
0
0
Originally posted by: Acanthus
Originally posted by: Sphexi
Originally posted by: Mo0o


But thats not artificially inflated is it? it just simply isn't there. De Beers has large store rooms of diamonds that they hold on to instead of releasing it into the market.


Every diamond that's sold goes through hours and hours of work, being polished, examined, cut, inspected again, and then it has to be mounted to a setting and verified once again before it can be sold. Diamonds aren't as inflated as you think, look at most jewelry stores, how often do you think they sell a $5000 ring? Probably once a month, twice a month, just enough to cover overhead costs for that store, not to mention costs on the ring itself.

So yeah, they do price things up a bit, but not by an extreme amount, and no more than most places. Go check out electronics sometime, most of the small stuff there is marked up by 1500% or more, costs the store $1.50 and they charge $30 for it.

Read up on the De Beers monopoly, and the atrocities they commit to get the stones that they withhold from the market to artificially inflate the price and strongarm the diamond market.

I'll add it to the list of things to read that include slave labor and sweat shops for Nike shoes and all of the other horrible things that happen in the world every single day that I don't give two craps about. Feel free to go mine some diamonds and sell them cheap on your own, and when that fails you'll understand why it makes no difference if you think De Beers has a "monopoly" or not, they're just practicing smart business. If they're doing something really illegal, eventually they'll get nailed for it, if not then I couldn't care less.
 

HumblePie

Lifer
Oct 30, 2000
14,665
440
126
Bleh, DeBeers has enough diamonds by last accounting they made public to literally FLOOD THE WORLD with them. Okay, maybe not the world, but basically there are sooooo many diamonds that they aren't rare in any way shape or form except by how DeBeers makes them rare. If DeBeers tomorrow decided to let every diamond they have stored on the world market, I could probably buy a bag full for a dollar. The estimate of TRUE supply to demand puts diamonds at around $.09 per carat. Dead serious. However, by sitting on every diamond mind, drumming up unreaslistic demand, and having soo much built up cash to do it, they can skew the supply and demand scale of diamonds seriously wrong.