Thursday, November 8, 2012

Should people want diamonds?

Diamonds are something that people buy for a lot of money. Many people buy diamonds for different reasons. The real question is, should people want diamonds? Diamonds are a very scarce resource now a days but sooner or later more and more diamonds will be discovered. The value of diamonds right now is very high but that can change at any moment. The cost and value of diamonds is going to go down in the future because more diamonds will be found, therefore there will be many to sell in stores for lower prices. It's like the value of water. Right now it doesn't cost much for a pack of water bottles or a gallon but in the future the cost will go up. Water will become more scarce so then the price will raise. This brings us back to the question of should people want diamonds? Right now yes people should want diamonds because they cost so much and the value of them is so high. In the future diamonds won't be anywhere near the cost they are today. If you're someone who wants to save up diamonds and you want to sell them in the future for more money than they're worth today, then I suggest that you change your approach Sell them now because you will be able to sell them for so much more money because diamonds are so scarce. Why do people continue to buy diamonds for so much money?
SOURCE: Global Issues In Context
TITLE: Diamonds'value is not forever
SOURCE: Opposing Viewpoints Resource Center
TITLE: Good start for diamond prices
http://ic.galegroup.com/ic/ovic/NewsDetailsPage/NewsDetailsWindow?failOverType=&query=&prodId=OVIC&windowstate=normal

http://find.galegroup.com/gic/retrieve.do?sgHitCountType=None&sort=Relevance&tabID=T006&prodId=GIC&resultListType=RESULT
SOURCE:beartoons.com










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