Lucy the Diamond Star

[Apache Warrior]

I wonder what this could mean for my business.
Twinkling in the sky is a diamond star of 10 billion trillion trillion carats, astronomers have discovered.

BBC NEWS | Science/Nature | Diamond star thrills astronomers
Apache

[Pumpkin_Jack]

Hmmmm..... so thats why they say invest in gold

[Trooper110]

Don't show that to your wife/girlfriend guys

[LadyBug]

Wow...too late

[Minerva]

Wow...too late

+1

[mapes]

I thought diamonds were an artificial scarity

[H0ly-H@nd-Gr3nade]

I thought diamonds were an artificial scarity

http://en.wikipedia.org/wiki/De_Beers

De Beers is well known for its monopolistic practices throughout the 20th century, whereby it used its dominant position to manipulate the international diamond market. The company used several methods to exercise this control over the market: Firstly, it convinced independent producers to join its single channel monopoly, it flooded the market with diamonds similar to those of producers who refused to join the cartel, and lastly, it purchased and stockpiled diamonds produced by other manufacturers in order to control prices through supply.