Message:

<p>[QUOTE=&quot;Juan Blanco, post: 1573517, member: 41665&quot;]I don&#039;t have any particular insights to the diamond question, but earlier this year I did hear an interesting &quot;dinner table story&quot; from a fairly wealthy commodity capitalist in global mkts. This elderly gentlemen was formerly a mkt-maker for J-M and then for the Bank of England, working as a key derivatives specialist/trader in the City looooong before any of us little people knew anything about that profession. Much more recently, as a principal exec he&#039;d traveled to SA and met with senior ppl at De Beers by the early 1990s. He traveled to Russia too, and met with energy oligarchs in the mid-late 90s. On one later trip, after the Russians ascertained he did have significant connections at De Beers, he was escorted on a tour, shown giant bins of diamonds and informed there were three such warehouses, full of stones. He was asked to relay the message to De Beers, which he did; to his telling, De Beers soon after &#039;came to terms&#039; with the Russians&#039; demands (whatever those were.) He didn&#039;t claim to be &#039;the only messenger&#039; nor the decisive link either. I&#039;d presume a few others &#039;got the tour&#039; as well.</p><p><br /></p><p>I honestly have no idea if <i>any </i>of this is true (I didn&#039;t ask for dates, proof, etc.) but this gentleman has been <i>extremely successful</i>, a self-made businessman on the most important energy mkts, co-owning a major concern for much of the past decade. That lends some credibility to the story IMO, but I imagine it&#039;s an oversimplification too.</p><p><br /></p><p>That the luxury diamond and industrial diamond mkts have NOT already collapsed (if this &quot;100x supply&quot; is approx. correct) reaffirms my point: the &quot;global economy&quot; will shrug, again.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in