Russia declassifies Diamond field

[Dr. Jones]

https://www.csmonitor.com/World/Global-News/2012/0917/Russia-reveals-shiny-state-secret-It-s-awash-in-diamonds

Russia has just declassified news that will shake world gem markets to their core: the discovery of a vast new diamond field containing "trillions of carats," enough to supply global markets for another 3,000 years.

Oil, diamonds, poverty

 

[pickledXgrandma]

So sad to see what people have to go through to get diamonds for the pretentious.

 

[Dr. Jones]

So sad to see what people have to go through to get diamonds for the pretentious.

Job killer!

 

[GoJazz]

So are Diamond prices going to drop by 90% overnight?

 

[Dr. Jones]

So are Diamond prices going to drop by 90% overnight?

I'd say they'll drop. Not because the market gets flooded, but because the pereception may become that it could at any moment. If I was a huge holder of diamonds, this would make me nervous.

 

[Scat]

They'll need to change their slogan from "diamonds are forever" to "diamonds will get you a one night stand"