I’ve been wondering how long before the diamond bubble breaks. I mean, the natives don’t accept beads as currency anymore, and technology has almost perfected a cheap synthetic diamond (actually cubic zirconia is already a drop-in replacement, but we have constructed social defenses to temporarily maintain the value of existing diamond investments).
Alternatively,
1. Stevo bling, and
2. She has rocks?
I’ve been wondering how long before the diamond bubble breaks. I mean, the natives don’t accept beads as currency anymore, and technology has almost perfected a cheap synthetic diamond (actually cubic zirconia is already a drop-in replacement, but we have constructed social defenses to temporarily maintain the value of existing diamond investments).
By the way, the above photo neatly works as a counter example to: http://clubtroppo.com.au/2008/12/22/ferraris-the-subtext/
Is it possible to buy ten to fifteen year “put” options on the diamond industry ?