Mugabe threatens to flood the world with diamonds ...

Daily Mail ^ | July 14, 2010 | Staff

[C19fan]

Robert Mugabe has threatened to flood the world's diamond markets - despite being slapped down by the world's diamond control body. The Zimbabwean president said his nation's massive reserves of diamonds have 'huge potential' to revive the shattered economy. He said Zimbabwe can account for one-fourth of the world's diamond supply

[C19fan]

DeBeers is not going to happy. Diamonds are so over-rated.

[caver]

Who is going to buy these diamonds, Mugabe? You can’t eat them.

[GOPJ]

Mugabe doesn’t understand that if he floods the market, the diamonds he has won’t be worth crap? God, what an idiot...

[Tax-chick]

I hope he does.

[LaineyDee]

“Diamonds”......that’ll shut her up....

[Red Badger]

That would be stupid. But DeBeers has had to deal with these threats before. They hold all the cards. Not Mugabe.............

[Palter]

It is a hard balance. Diamonds would be more ‘affordable’, but the offset is the attraction that diamonds are ‘rare’, and ‘expense’.

[Kartographer]

With the price of gold going up it will soon take a fairly large stone to be worth more than the gold in the ring.

[ClearCase_guy]

"Because some men aren't looking for anything logical, like money. They can't be bought, bullied, reasoned or negotiated with. Some men just want to watch the world burn." - Alfred Pennyworth

[cripplecreek]

Hey Mugabe. Remember when your country could feed itself and half of Africa?

What happened?

Just die already.

[ctdonath2]

A lot of people would buy them. Supply and demand. So long as he can survive DeBeers, he can offer them for far less than the going rate and still make a big margin.

[C19fan]

You have to give credit to DeBeers for maitaining this fake shortage for so long. From what I understand, Russia is sitting on a huge amount of diamonds in their vaults.

[YankeeReb]

Mr Mugabe acknowledged that key infrastructure - including power and water utilities, roads and transport services - fell into disrepair and housing programmes were at a standstill over the past decade.

So how's he supposed to get these diamonds out of the ground with no infrastructure? Is it me or does he sound like a certain kenyan Marxist we all know and loathe?

[wideawake]

Mugabe doesn’t understand that if he floods the market, the diamonds he has won’t be worth crap? God, what an idiot...

He's happy to take 10% of what DeBeers gets.

I hope he does do this, because diamonds are a cartel and they deserve to be busted. It would be the first good deed Mugabe did in his life.

[E. Pluribus Unum]

Mugabe is a nightmare, but it would be sweet to see him torpedo DeBeers into extinction.

[SpaceBar]

So how's he supposed to get these diamonds out of the ground?

Pat Robertson might help him.

[MrB]

[econjack]

Hey Mugabe. Remember when your country could feed itself and half of Africa?

Odd...you would think kicking out all those evil landowners and giving the land to the peasants would have fixed everything. I know Allende did the same thing in Chile, paying General Tire $1 for its tire plants there and... Oh, wait a minute...five years later, the plants closed due to lack of repair parts. But he went on to greater success when he... Oh, wait a minute... That's right: He got in his Mercedes one morning, turned the key, and both he and his Mercedes were blown up, throwing the car over a 20' wall. Hmmm...wonder if history really does repeat itself.

[driftdiver]

“Who is going to buy these diamonds, Mugabe? You can’t eat them.”

Thats why he’s trying to sell them. The world diamond monopoly won’t stand for it. This will ensure his downfall.

[cripplecreek]

At least political prisoners in Zimbabwe will have jobs. [/sarc]