The part of the story I found disturbing was De Beers attitude,
you can bet it will be hard to get in to a lot of markets,
I see no problems getting into any markets at all. If these goods
really can be produced for as little as $5/ct, the industry will have
nothing other to do but restructure. I suspect that even the syndicate
will decide to dispose of it’s stockpiles.
If the Diamond Mafia plays their usual trump card and tells
major buyers that if you buy any of the Apollo or Gemesis goods,
you will never be invited to another De Beers site,
I suspect that a lot of cutters all around the world will be
expanding their operations. The cost if waste will be way down. Speed
will be picking up.
As we write this I am sure that a lot of people that are sitting
with their money tied up in diamond stocks are reconsidering their
positions. In the end, I look forward to this. It may mean that a lot
of people will have more money to spend on custom work.