500-carat diamond - What would you do with this?

cbs47 ^ | 9-29-09 | cakid

[cakid1]

This is one big diamond.

This thing is the size of a chicken egg.

It was discovered in South Africa.

The 507.55-carat gem reportedly has "exceptional color and clarity."

No value has been give yet for the

[cakid1]

What do you do with something like this?

[Colvin]

I would sell it.
Can eat carbon, at least not in that form.

[FeliciaCat]

Wear it!

[PGR88]

Am sure there is a Saudi Prince somewhere, with more money than sense, who wants it.

[SoKatt]

I’d sell that sucker, pronto!

[Ol' Dan Tucker]

What do you do with something like this?

I'd sell it to the sap who thinks diamonds are rare simply because they're expensive.

[stephenjohnbanker]

E-Bay ? ;-)

[Pharmboy]

[Artemis Webb]

I’d have it cut up. I’d get a lot of girlfriends and even give one to my wife.

[RobRoy]

Cut it into 500 one carat diamonds! I hear one carat diamonds are worth quite a bit. Times 500.

Atually, I’d sell it pretty much immediately. I could carry it around in my pocket to buy stuff, but I doubt anybody could make change.

;)

[Artemis Webb]

Your logic is a lot like saying land should have no value as there is so much of it.

[willgolfforfood]

Wow! That’s even bigger than the one I gave my wife - barely!

[RobRoy]

That reminds me.

Q: How do you know your girlfriend is getting fat?
A: Your wife’s clothes fit her.

[ctdonath2]

Get anything I want from my wife for the rest of my life.

[RobRoy]

>>It was discovered in South Africa. <<

Of all places. Shoot, I didn’t even think of looking there!

[DallasDeb]

wonder how big it will be after they cut it. Looks like an odd shape.

[Pharmboy]

Reminds me of a joke...

One lady sitting next to another at the opera says:
"Excuse me, but isn't that The Klopman Diamond on your finger?
"Why yes, it is, as a matter of fact...
"But...doesn't The Klopman Diamond come with a curse?
"Yes it does...Mr. Klopman."

[Billthedrill]

I would keep it in my pocket so I could cut gang symbols into the mirrors in public restrooms.

[La Lydia]

That is not a good plan. Diamond values rise exponentially with carat weight. You would do better to have few, larger ones.

[Joe 6-pack]

Kobe Bryant could get at least a dozen more rapes out that rock, and still keep his wife!

[buccaneer81]

You'd be sure to meet new and interesting people!

[stephenjohnbanker]

LOL!

[Electric Graffiti]

TIA, hey Danny?

[Artemis Webb]

Before I realized that those were characters from Diamonds Are Forever I thought the guy in the upper right looked like David Crosby.

[abb]

“Curious, how everyone who touches those diamonds seems to... die.”

[mamelukesabre]

Cut it up into a hundred 5-carat diamonds and sell them off.

[RobRoy]

I was being intentionally absurd. ;)

[GeorgiaDawg32]

I’d give it to the imperial federal government to help pay my fair share of the debt and to help those who won’t help themselves..

ok, I lied..I’d sell it, pocket the cash and send y’all postcards from whatever beach I was sittin on at the time..

[mamelukesabre]

How many buyers do you think there are for a single 500 carat diamond? It could take 40 years to get your asking price...if ever.

But chop it up, and you can get your asking price much more easily.

[mrs. a]

I’d sell it in a skinny minute.

Imagine how many alpacas I could buy with the proceeds!

[buccaneer81]

Here is Putter Smith today...

[buccaneer81]

“He was taken ill...bitten by the bug.”

[La Lydia]

Most of the time I am unintentionally absurd. ;)

A kiss on the hand may be quite continental, But diamonds are a girl's best friend...

But square cut or pear shaped, These rocks don't lose their shape, Diamonds are a girl's best friend

[Conservative4Ever]

Wear It!!

[Ready4Freddy]

Depending on what the engineers & cutters decide to do with it, probably ~300ct.

[Perdogg]

..but remember what Ian Fleming wrote in 1955.

"Forever ?....And the eyes of the man who was Blood Group F [Wint] spoke to him and said "Mister. Nothing is Forever, Only death is permanent. Nothing is forever except what you did to me."

[frithguild]

I would probably lose it.

[Ready4Freddy]

AW - Your logic is a lot like saying land should have no value as there is so much of it

Not really. Diamonds are one of the most common minerals on the planet. Diamond prices are artificially high.

[Ol' Dan Tucker]

Your logic is a lot like saying land should have no value as there is so much of it.

The law of supply and demand controls both.

Where land is plentiful and easy to buy, it is cheap. Where access is tightly controlled, it is expensive.

Access to diamonds is tightly controlled so as to purposefully inflate the price. IMO, anyone who pays this artificially inflated price is a sap.

[La Lydia]

No so. There are lots of buyers out there, but they don't want little bitty -- they want huge ones. Ask Mr. Winston or Mr. Cartier. The Arabs are buying them up as fast as they can. They are portable wealth, easier to move around than gold. A couple of times a year I stroll through the Smithsonian Natural History museum and look at the Hope diamond. It is stunning. Take a look at the Queen's diamond chandelier earrings. Note they are shown actual size:

http://www.royalcollection.org.uk/egallery/object.asp?exhibition=RT2&object=200171&row=12

And check out these suckers. They originally belonged to George III.

http://www.dailymail.co.uk/news/article-470063/Camilla-dazzles-60th--Queens-diamonds.html

[the invisib1e hand]

I would keep it in my pocket so I could cut gang symbols into the mirrors in public restrooms.

Subway windows, too.

[umgud]

I remember hitting big on a quarter slot machine in Vegas once. I’d been alone for a long time and suddenly there were several women swooning all over me. Think of how many would do all sorts of things to me just to be near that rock.

[Fresh Wind]

I’d have it cut properly, mounted, and then I would give it to her Higness Queen Michelle I.

[GGpaX4DumpedTea]

“I didn’t even think of looking there!”

Where ya been lookin’, Arkansas?

[mamelukesabre]

Huge aint 500 carats. Huge is 5-50 carats.

[Perdogg]

including cutting your throat.

[gura]

DEAR GOD, DON"T THEY KNOW THAT CARBON IS

POISON!?!?!?!

[RobRoy]

Costco.

[La Lydia]

Yeah, I am sure you know all about it.

[calex59]

Your logic is a lot like saying land should have no value as there is so much of it.

No, his logic is that the supply far out strips the demand but the supply is purposely suppressed. Lots of land out there but not much available when compared to the demand, especially land that is desirable, there is no comparison what so ever. The diamond supply is huge, the diamonds allowed on the market are few compared to the demand, which keeps the price artificially high. Dan Tucker is correct, you are not.