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(ABC)   Rare 12.76 carat pink diamond discovered in Australia will be cut and go on world tour. Inspector Clouseau to provide security   (abcnews.go.com) divider line 65
    More: Cool, Western Australia, Australia  
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9440 clicks; posted to Main » on 24 Feb 2012 at 1:48 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-02-23 11:18:35 PM
12.76 carats before cutting. 1.76 carats after.
 
2012-02-24 12:44:11 AM
I always thought it was weird they kept putting "Pink Panther" in all the movie titles even though the actual Pink Panther only showed up in the first one, which isn't very good in my opinion anyway.
 
2012-02-24 01:56:01 AM
Inspector Clouseau everybody Link (new window)
 
2012-02-24 02:01:03 AM
Diamonds are a huge scam. They are worth a tiny fraction of what you pay. Every little 5000-person town in the middle of fly-over country has a jewelry store stocked with diamonds but somehow they are rare and precious? Bullshiat. Have you ever tried to SELL a diamond? (new window)
 
2012-02-24 02:17:58 AM
will there be a minky?
 
2012-02-24 02:27:18 AM

TheWhoppah: Diamonds are a huge scam. They are worth a tiny fraction of what you pay. Every little 5000-person town in the middle of fly-over country has a jewelry store stocked with diamonds but somehow they are rare and precious? Bullshiat. Have you ever tried to SELL a diamond? (new window)


You linked to a book... I was hoping it would be a CSB type article. I still think BIG diamonds are rare.
 
2012-02-24 02:27:34 AM
I hate diamonds. Diamonds killed my dad.
 
2012-02-24 02:28:18 AM
I wonder if they sneaked it past the Oppenheimers or if they claimed the rights to it already.
 
2012-02-24 02:28:20 AM
I don't consider it truly valuable until its been bathed in blood in the litter of puppies first.
 
2012-02-24 02:30:16 AM
"How could he be the lookout if he was blind?'
 
2012-02-24 02:51:29 AM
Leonardo DiCaprio will be smuggling it out of the country I assume?
 
2012-02-24 02:59:03 AM

TheWhoppah: Have you ever tried to SELL a diamond? (new window)


Wow, that article was from 1982, and yet diamonds are still overpriced rocks.
 
2012-02-24 03:02:18 AM

mxwjs: You linked to a book... I was hoping it would be a CSB type article. I still think BIG diamonds are rare.


Indeed. Big diamonds are rare. But it's part of the mythology. Big diamond=millions therefore small diamond=thousands.

The whole thing works because of two things:-
1. Young women are highly impressionable and often not too good about numbers
2. Young men are highly impressionable and often not too good about understanding the opposite sex.

My advice to a young man would be to buy a something small, reasonably priced and something that will look nice on her. If she gets nasty about it, dump her ass fast as she's a gold digging biatch who will fark you best friend the minute that he's earning more than you.
 
2012-02-24 03:07:17 AM

Swoop1809: Leonardo DiCaprio will be smuggling it out of the country I assume?


That or die trying.

\I'm from RHODESIA
 
2012-02-24 03:45:40 AM
Big diamonds are indeed rare. Big pink diamonds are rarer still.
 
2012-02-24 03:58:12 AM
Diamonds have ONE use....In industry..

Any moron buying them for show needs to have their cash taken away and guardian appointed to oversee their interactions with the world..

/well...my opinion!

//Suck it you vampires who expect people to pay multiple thousands for your pussy!
 
2012-02-24 05:18:26 AM
Diamonds are much prettier before they are polished and chopped.

So. Much. Entropy.
 
2012-02-24 05:49:04 AM
It is kind of pretty in its natural state.

Of course I'd probably be just as impressed by a nice piece of rose quartz.
 
2012-02-24 06:13:51 AM
A diamond will never pay for itself in quim.

/little known fact
 
2012-02-24 06:16:09 AM

Confabulat: they kept putting "Pink Panther" in all the movie titles even though the actual Pink Panther only showed up in the first one


One of the sequels involved it being stolen again. Of course, everything we saw of the reoccurring characters (except Clouseau) conflicted with their previous appearance, but that's another problem.

And the second one was called "A Shot In the Dark." It's probably the funniest of the entire series, for those who haven't seen it.

/And ditto the comments about diamonds being a scam. Down with DeBeers.
 
2012-02-24 06:27:11 AM
Interested:

s1.hubimg.com
 
2012-02-24 06:29:29 AM

Swoop1809: Leonardo DiCaprio will be smuggling it out of the country I assume?


T.I.A.

This Is Australia.
 
2012-02-24 06:54:54 AM
Diamonds themselves are not a scam. It's a lovely, durable decorative gemstone.
It's the prices that are a scam - mostly on the mid range stones.
The small, decorative stones under a quarter carat are reasonably priced for the labor that goes into them (Note: even the computer cut melee they make in Israel require a lot of skilled manual labor).
The really huge stones and the fancies (like the one in TFA) are legitimately rare and valuable.
The rip-off takes place with the mid range stones that are typically sold as engagement rings. A combination of marketing and artificial rarity have inflated those prices well beyond what they would be in a normal market.
The irony is that the movie star who buys his sweetie a 25 carat monstrosoity for a mountain of cash actually gets a better deal than the store clerk who plunks down $1500 for a vs1 3/4 ct. engagement ring. In a world where diamonds were traded and marketed like colored stones are, a decent 1ct. round brilliant would probably go for a couple hundred bucks full retail, if that much.
 
2012-02-24 06:58:44 AM

farkeruk: mxwjs: You linked to a book... I was hoping it would be a CSB type article. I still think BIG diamonds are rare.

Indeed. Big diamonds are rare. But it's part of the mythology. Big diamond=millions therefore small diamond=thousands.

The whole thing works because of two things:-
1. Young women are highly impressionable and often not too good about numbers
2. Young men are highly impressionable and often not too good about understanding the opposite sex.

My advice to a young man would be to buy a something small, reasonably priced and something that will look nice on her. If she gets nasty about it, dump her ass fast as she's a gold digging biatch who will fark you best friend the minute that he's earning more than you.


This.
 
2012-02-24 07:02:02 AM

jso2897: Diamonds themselves are not a scam. It's a lovely, durable decorative gemstone.
It's the prices that are a scam - mostly on the mid range stones.
The small, decorative stones under a quarter carat are reasonably priced for the labor that goes into them (Note: even the computer cut melee they make in Israel require a lot of skilled manual labor).
The really huge stones and the fancies (like the one in TFA) are legitimately rare and valuable.
The rip-off takes place with the mid range stones that are typically sold as engagement rings. A combination of marketing and artificial rarity have inflated those prices well beyond what they would be in a normal market.
The irony is that the movie star who buys his sweetie a 25 carat monstrosoity for a mountain of cash actually gets a better deal than the store clerk who plunks down $1500 for a vs1 3/4 ct. engagement ring. In a world where diamonds were traded and marketed like colored stones are, a decent 1ct. round brilliant would probably go for a couple hundred bucks full retail, if that much.


As one who bought a diamond engagement ring in the last two years; you're making me depressed.

/on a Friday no less
 
2012-02-24 07:03:30 AM
Speaking of scams - the jewelry store that I shop at occasionally has signs all over the store saying "We will never sell lab-created stones". Guess they never read this (new window).

\Or maybe they did, and just don't want anyone else to...
 
2012-02-24 07:04:41 AM
By the way, what kind of diamond is zis?
 
2012-02-24 07:25:20 AM

The Life Of Brian: Diamonds have ONE use....In industry..


If by industry you only mean saws and drill bits and things like that you are wrong.

They are also a fantastic semiconductor (when properly doped) and they deal with heat WAY better than silicon. If you made a CPU using diamond rather than silicon and fed it enough power even current core designs could easily run over 100 times their current speed and possibly more than 1,000 times the current speeds. The thermal output would be enormous but the CPU wouldn't care. The problems would be getting the rest of the parts of a system to keep up and venting all the excess heat to keep it from damaging other components or flat out melting the motherboard. GPUs would pretty much peak out instantly to the point of having photo quality realtime rendering in realtime at UHDTV resolution. We would instantly go to having more power than what any normal user would know what to do with.

And that is why I don't expect to see it happen soon. If you make CPUs 1,000 times faster than the current gen then nobody needs to upgrade for a VERY long time. It is going to take a startup company to pull it off because the big boys want to keep getting all the return customers buying incremental upgrades. It would be like the jump to having the ability to build cars that need no maintenance, can drive themselves, and can go 300 miles per hour. Once everybody had one nobody would need to buy a new car for the foreseeable future. The technology to grow bricks of diamond has been around for over 10 years, it is cost effective, the bricks are flawless, and it takes less than a month to go from nothing to a large brick. The same technology could be used for growing processor dies at an enormous rate when a decent sized factory building was devoted to it.

Think about it. We can grow this stuff for the raw cost of the carbon, a few gases, and the electricity to run the equipment. Why is anybody even bothering to dig for them anymore?
 
2012-02-24 07:27:19 AM
You shouldn't be buying your fiancee a diamond anyway. It's a lot of work to make sure you can find something that's conflict-free, and even if it's certified you can never be entirely sure. If you feel compelled to buy a shiny rock for her in order to put the leash on then get an emerald or a sapphire.
 
2012-02-24 07:38:32 AM

Lady Beryl Ersatz-Wendigo: You shouldn't be buying your fiancee a diamond anyway. It's a lot of work to make sure you can find something that's conflict-free, and even if it's certified you can never be entirely sure. If you feel compelled to buy a shiny rock for her in order to put the leash on then get an emerald or a sapphire.


I can dig garnet (yes that is the mineral that yields emeralds) out of nearby quarries here in my state. All up and down the CT river valley actually and out near the towns of Trumbull and Monroe...
 
2012-02-24 07:40:02 AM
actually I was wrong about garnet...but I can still dig it up. Beryl I think as well. Beryl yields emeralds...whoopsie
 
2012-02-24 07:51:18 AM

the_chief: I hate diamonds. Diamonds killed my dad.


That was your dad? Oh, I'm sorry; I didn't see him until he smiled, by when it was too late. It's a bit 'dark' down there.
 
2012-02-24 08:28:47 AM

TDBoedy: actually I was wrong about garnet...but I can still dig it up. Beryl I think as well. Beryl yields emeralds...whoopsie


Beryl does create emeralds but garnet comes in two greens: demantoid and tsavorite. Both of those will give you a stone that looks better than an emerald at a fraction of the cost

My Tsavorite (that needs cleaning):
i283.photobucket.com
 
2012-02-24 08:42:59 AM

the_chief: I hate diamonds. Diamonds killed my dad.


So it wasn't safe?
 
2012-02-24 08:52:01 AM

The Life Of Brian: Diamonds have ONE use....In industry..

baseball.

/wat?
 
zez
2012-02-24 09:47:30 AM
Watched The Return of the Pink Panther a few months ago with my 7 year old. He thought it was the funniest thing ever.


/also liked The Party
 
2012-02-24 09:52:52 AM

jmr61: Interested:

[s1.hubimg.com image 248x351]


Even More interested:

static02.mediaite.com
 
2012-02-24 09:53:13 AM

jso2897: Diamonds themselves are not a scam. It's a lovely, durable decorative gemstone.
It's the prices that are a scam - mostly on the mid range stones.
The small, decorative stones under a quarter carat are reasonably priced for the labor that goes into them (Note: even the computer cut melee they make in Israel require a lot of skilled manual labor).
The really huge stones and the fancies (like the one in TFA) are legitimately rare and valuable.
The rip-off takes place with the mid range stones that are typically sold as engagement rings. A combination of marketing and artificial rarity have inflated those prices well beyond what they would be in a normal market.
The irony is that the movie star who buys his sweetie a 25 carat monstrosoity for a mountain of cash actually gets a better deal than the store clerk who plunks down $1500 for a vs1 3/4 ct. engagement ring. In a world where diamonds were traded and marketed like colored stones are, a decent 1ct. round brilliant would probably go for a couple hundred bucks full retail, if that much.


There are some subtle things like cut and provenance that greatly influence value however. Mom got the shock of her life when she had her engagement ring appriased for insurance purposes about 10 years ago. It's a nice ring with a 1ct stone (which she's worn every day as a professional nurse for 50 years-subjecting it to the fuill spectrum of filth and effluvia that comes with that job) but since dad bought it for her on a radar reapirman's salary in 1959, neither of them thought it especially valuable. It turns out the nice Lithuanian gem merchants he bought it from down on the waterfront either had noidea what they had or were trying to unload something smuggled out fo the old country. The cut was an antique one-and the technique for creating it essentially died out during the Russian Revolution. As such, the jewler strongly suspected the stone had been removed from its original setting in a Russian noble's crown or tiara. Dad of course had no idea, he just bought the stone because of the several they showed him he thught it was the prettiest.

total value for Mom's "pretty" 1 ct ring ? about $15,000-or at least that the on-the-spot offer the jeweler made for it. After 50 years of marriage however, Mom's a touch too sentimental to sell it. Though she has explicitly threatened to haunt any child of hers who suggests burying her with it.

My wife has a diamond on her finger, but only because a noodge friend of mine was shopping in the Philly diamond district and a member of her synagogue "offered me a price I just couldn't pass up-and then after I bought it, I thought, 'what am I going to do with an engagement ring?' Then I thought: 'who do I know that should get married soon?' So I sent it you"

I have some truly excellent friends, far better ones than I deserve.
 
2012-02-24 10:05:14 AM

Magorn: There are some subtle things like cut and provenance that greatly influence value however. Mom got the shock of her life when she had her engagement ring appriased for insurance purposes about 10 years ago. It's a nice ring with a 1ct stone (which she's worn every day as a professional nurse for 50 years-subjecting it to the fuill spectrum of filth and effluvia that comes with that job) but since dad bought it for her on a radar reapirman's salary in 1959, neither of them thought it especially valuable. It turns out the nice Lithuanian gem merchants he bought it from down on the waterfront either had noidea what they had or were trying to unload something smuggled out fo the old country. The cut was an antique one-and the technique for creating it essentially died out during the Russian Revolution. As such, the jewler strongly suspected the stone had been removed from its original setting in a Russian noble's crown or tiara. Dad of course had no idea, he just bought the stone because of the several they showed him he thught it was the prettiest.

total value for Mom's "pretty" 1 ct ring ? about $15,000-or at least that the on-the-spot offer the jeweler made for it. After 50 years of marriage however, Mom's a touch too sentimental to sell it. Though she has explicitly threatened to haunt any child of hers who suggests burying her with it.


cool story, bro.

no, really. that was actually interesting.
 
2012-02-24 10:08:15 AM
If i were buying a bit of jewelry for my love today, it would feature this stone prominently,:
www.tomtivoljewels.com
(alexandrite)

but only because

A) I'm a geek and like the idea of a gemstone that chages color depending on what light it's exposed to, and

B) her eyes do the very same thing, shifting from blue to silver to green depending on the light and her mood
 
2012-02-24 10:16:23 AM

Hacker_X: Why is anybody even bothering to dig for them anymore?


If you had a diamond mine in your backyard, you wouldn't dig them up?
 
2012-02-24 10:32:09 AM

grinding_journalist: Hacker_X: Why is anybody even bothering to dig for them anymore?

If you had a diamond mine in your backyard, you wouldn't dig them up?


Actually, I'd charge admission. Sell drinks and rent equipment.
 
2012-02-24 10:34:36 AM

Hacker_X: Think about it. We can grow this stuff for the raw cost of the carbon, a few gases, and the electricity to run the equipment. Why is anybody even bothering to dig for them anymore?


Because labor to dig them up is still cheaper than the resources required to make diamonds of the same quality. Your statement "We can grow this stuff for the raw cost of the carbon, a few gases, and the electricity to run the equipment." is a bit of an oversimplification. Yeah, that's all the cost that goes into it. But how much does that stuff cost? It's still a pretty damn energy intensive process, and energy isn't always cheap. Another thing to keep in mind is that they aren't digging for the small, low quality diamonds that could be (and are) manufactured cheaper. They are digging for the big ones that can't be made (at least not easily), and getting small ones in the process.
 
2012-02-24 10:36:39 AM

wildcardjack: grinding_journalist: Hacker_X: Why is anybody even bothering to dig for them anymore?

If you had a diamond mine in your backyard, you wouldn't dig them up?

Actually, I'd charge admission. Sell drinks and rent equipment.


There's a park in Arkansas that does that. Occasionally someone finds a diamond that's actually worth something.
 
2012-02-24 10:44:20 AM

Magorn:

B) her eyes do the very same thing, shifting from blue to silver to green depending on the light and her mood


SHE'S A WITCH!
 
2012-02-24 10:50:00 AM
CHEIF Inspector Clouseau!
 
2012-02-24 10:50:58 AM

Pelvic Splanchnic Ganglion: Magorn:

B) her eyes do the very same thing, shifting from blue to silver to green depending on the light and her mood

SHE'S A WITCH!


Only for a couple days at the end of the month, otherwise she's a real sweetheart
 
2012-02-24 10:54:02 AM
Came to make a minky comment. Alas, too late.
 
2012-02-24 10:56:14 AM
Jewelery is for douchebags.
 
2012-02-24 11:43:31 AM

the_chief: I hate diamonds. Diamonds killed my dad.


He fell out of the guard tower of a diamond mine?
 
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