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#31
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Seeking Advice on jewelry moldings and metal supplys.
On Fri, 05 Jan 2007 18:38:38 +0000, Abrasha wrote:
Abrasha wrote: Ted Frater wrote: Your biggest cost is going to be the precious stones. thats amarket unto itself. Youll find that its dominated by DeBeers who control the market completly, buying up compettitors diamonds to maintail their market monopoly.Youll be in the hands of existing diamond dealers who are invited to view a parcel. You dont get invited unless youve proved yourself inthe lower echelons of that trade. that will; cost you plenty They the invited priviledged few then bid for them , the highest generally wins tho not allways. Youll be buying from them. Ted, Ted, Ted, there you go again. You speak with authority about matter you know little to nothing of. You've got that all wrong. What you are talking about are the so called sights, to which only a privileged few are invited to participate worldwide. Bidding does not take place. De Beers sets the price. Furthermore De Beers does not sell polished goods. They only sell rough. The sight consist of rough diamonds only, which then end up with cutters, and from there trickle down the chain. "Critics contend that De Beers is also successful because behind the scenes it operates with ruthless precision, choking supplies and manipulating prices through the events it calls "sights". Every five weeks, 125 manufacturers and dealers -- called "sightholders" in De Beers parlance -- flock like swallows to the company's London headquarters for these private sales. They represent an elite group hand selected by De Beers to buy the cartel's rough diamonds. "You can imagine this is like a sort of mini-United Nations every five weeks," De Beers' Andrew Lamont said. "People (come) from all over the world. These are the leading diamantaires meeting with each other, discussing trade, the state of the market and that's what makes it so unique and effective." If this sounds like an ordinary business deal, it's not. The men who come to these De Beers diamond sights are seeing the diamonds for the first time -- even though they'll spend half a billion dollars, prices agreed on in advance by De Beers." DeBeers sets the price, the sight holder can take it or leave it. No haggling over price. If a sightholder decides not to take a parcel, it becomes unlikely that he will be invited back to a sight ever again. This is just a fraction of how DeBeers controls the diamond trade. You are well advised to research matters like this a bit before you post your opinions. Get a book about the diamond trade at your local library. It's an interesting read. The history of diamonds is fascinating. Hi Abrasha, Yes yes yes, I did get SOME of that wrong but I did try and give this guy help to the best of my ability. No one knows it all, you yourself didnt know how to melt silver without getting it to absorb oxygen but i didnt shoot you down like you did me.!!! Dont worry !!,I wont hold it against you. At least I tried to give him some guide as to how diamonds are bought and sold. Better than nothing which is what most other folk here wrote. Only when I brought up my small contribution did you give him the background to the De Beers monopoly. Good to see your bile is still flowing well. Regards Ted. |
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#32
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Seeking Advice on jewelry moldings and metal supplys.
This is just a fraction of how DeBeers controls the diamond trade. You
are well advised to research matters like this a bit before you post your opinions. Get a book about the diamond trade at your local library. It's an interesting read. The history of diamonds is fascinating. PBS's Nova had a great show on DeBeers some years ago. About how they keep prices artifically high by maintaining complete control of a commodity that isn't particularly rare and developing one of histories great advertising campaigns to create demand. This while sitting on virtual mountains of un-marketed diamonds. DeBeers executives cannot come to the United States without being in danger of being arrested for anti-trust violations of US law. All very interesting including the insinuation (no proof of course) that they were responsible for having General Electrics artificial diamond production research ended. Likewise delved into their contribution to aparthide. |
#33
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Seeking Advice on jewelry moldings and metal supplys.
"Ted Frater" wrote: ME wrote: Ted Frater wrote: ME wrote: Abrasha wrote: ME wrote: Hello (im new here) Many thanks for any advice offered. A Ted Frater wrote: you may find Abrash's short and blunt reply upsetting Many thanks for a civillised helpfull response...lol. Is this what your looking for? Ted Frater Dorset UK psssssssssssssssssst, guys-he's a mediocre quality troll. Pepper |
#34
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Seeking Advice on jewelry moldings and metal supplys.
Pepper Stevens wrote: "Ted Frater" wrote: ME wrote: Ted Frater wrote: ME wrote: Abrasha wrote: ME wrote: Hello (im new here) Many thanks for any advice offered. A Ted Frater wrote: you may find Abrash's short and blunt reply upsetting Many thanks for a civillised helpfull response...lol. Is this what your looking for? Ted Frater Dorset UK psssssssssssssssssst, guys-he's a mediocre quality troll. Pepper Um Pepper? Could you please clarify your totally unintelligible post? Who is a "troll"? Ted? M.E.? Abrasha? A.? Once that is cleared up...."Mediocre"? is it: As a jeweler? As a designer? as a human being? As a troll? Not quite certain if I care, it is just that your post was such a complete (and yet bizarre), non sequitur. -Mink |
#35
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Seeking Advice on jewelry moldings and metal supplys.
"minkiemink" wrote: Pepper Stevens wrote: psssssssssssssssssst, guys-he's a mediocre quality troll. Pepper Um Pepper? Could you please clarify your totally unintelligible post? Who is a "troll"? Ted? M.E.? Abrasha? A.? Once that is cleared up...."Mediocre"? is it: As a jeweler? As a designer? as a human being? As a troll? Not quite certain if I care, it is just that your post was such a complete (and yet bizarre), non sequitur. -Mink Wikipedia: A troll is a person who enters an established community such as an online discussion forum and intentionally tries to cause disruption, often in the form of posting messages that are inflammatory, insulting, or off-topic, with the intent of provoking a reaction from others. M.E. is a troll. He came here, got people's dander up in a wad, tossed out a few insults, created a little havoc all the while being amused with the 'discussion'. He used your spirit of community and information sharing to get his jollies. It's sad. I called him a mediocre troll because he is only mediocre at it and to poke fun at his repeated insistence of finding only the "finest quality metal"... Or was it diamonds?... Probably both. Pepper Have bizarre posts will travel |
#36
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Seeking Advice on jewelry moldings and metal supplys.
On Sat, 13 Jan 2007 02:32:17 GMT, "Pepper Stevens"
wrote: M.E. is a troll. Now, see, there's no periods in his usename, so I assumed he meant "me." It certainly fits with his ego. -- Marilee J. Layman http://mjlayman.livejournal.com/ |
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