Print to infinity and inflation
(media.greatawakening.win)
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The diamond market is controlled to produce artificial scarcity. There are plenty of diamonds in vaults. There was a huge diamond mind found in Russia that could flood the world's markets with real diamond costume jewelry, but that story has disappeared.
It was also a created market as well. Two hundred years ago, no one cared about diamonds. It was all rubies, sapphires, and emeralds.
Yes. Just because diamonds are found only in a handful of regions, but where they are they are plentiful.
DeBeers is the one that has gathered most of them and keeps them locked away in a mountainside vault, they are the source of that scarcity.
And they created the market for diamonds as well.
"Buy her a diamond. That'll shut her up." :)
Can you make any money fossicking for gems? I believe there are decent sapphires near me.
Yes. It is not widely known about or publicized about, but you can rockhound gems and sell them, you should if you can!!
Thanks, I'll do some more research on it. Any pointers/resources in mind?
Get a rock/gem book for your state / area (specifically one that will show you the bland exteriors of rocks that have gems inside), find a local rock/gem aficionado to pick their brain. Maybe go to a jeweler to find out if they would buy gems or have connections to those who do. That's all I got. I live in an area where I could do this, have the book, know where to find geology aficionados, but I never find time to pursue it though I want to. Its not for lack of time in the hills but I just am always too busy looking for animals!
That sounds like a slur, but no, "fossicking" is a real word. Wow.
Haha, there you go!
The Old Pressley Sapphire Mine in Canton, NC, near Asheville is a good place to search, if they're still open. I found a blue-gray one big as my thumb embedded in off-white stone. I had an 8-carat cabochon cut from it, leaving most of the gem for cutting someday in the future. All the rubies and emeralds I've found in western NC were tiny, dark stones that looked a lot like pieces of old crayons.
Sounds exciting! Maybe I'll make my way to your neck of the woods some day but for now I'm stuck in Australia ;)
can they grow rubies sapphires and emeralds?
Not grow but still pressure related, I believe. Yes it's possible but not cost-efficient, so hasn't been pursued industrially.
Not well. The largest emeralds are found in a secret location in western NC. I have found all three in western NC, but only the sapphires were really good. I found a really large one at the Old Pressley Sapphire Mine outside of Ashville. It's a real mine. They excavate dirt and pile it up where you can fill up 5-gallon buckets of dirt yourself and then sluice them. One I found was as big as my thumb. I had one 8-carat cut out of it. It was blue-gray. The rubies and emeralds I found looked like pieces of old crayons and were pretty much worthless.