Diamonds

DeBeers Cartel Deathwatch: Russia Set To Flood Diamond Market With Firesale Of 167,500 Carats

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– DeBeers Cartel Deathwatch: Russia Set To Flood Diamond Market With Firesale Of 167,500 Carats:

First it was the OPEC oil cartel which died a slow, painful, death. Now, another historic cartel may be on its last legs: the DeBeers diamond cartel, because according to Russian daily Izvestia, as part of Russia plan to combat its creeping budget deficit, Russia’s state minerals depository, Gokhran, will conduct two auctions on February 29 and March 10, in which it plans to sell as much as 167,500 carats of diamonds.

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Related info:

– The History of the House of Rothschild

The UN Prepares To Go To War For The First Time, Sends 3,000-Strong Task Force To Fight Rebels In Congo

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– The UN prepares to go to war for the first time, with a 3,000-strong task force sent to fight rebels in the Congo (Daily Mail, June 14, 2013)

  • 3,000 UN troops are being deployed to the central African nation
  • It is the first time that the UN will be in direct control of a fighting force
  • Even normally-reluctant Russia and China voted in favour of the action
  • Mineral-rich Congo has been wracked by years of civil war
  • Conflict was originally sparked by the genocide in neighbouring Rwanda

The UN is about to go to war for the first time in its history after the Security Council voted unanimously to intervene to fight rebels in the Congo.

Around 3,000 UN troops wearing the blue insignia, are being deployed to the central African nation which has been wracked by years of civil war and lawlessness.

The UN has led a 14-year-long peacekeeping in a bid to end the ethic conflict which was sparked by the genocide in neighbouring Rwanda when thousands of Hutus fled into the Congo to evade justice.

Much of the fighting is now over the country’s natural resources which include large quantities of gold, copper, diamonds, and coltan (a mineral used in cell phones).

Read moreThe UN Prepares To Go To War For The First Time, Sends 3,000-Strong Task Force To Fight Rebels In Congo

$50 Million Diamond Heist At Belgian Airport

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– Robbers breach gate, steal $50 million in diamonds at Belgian airport (CNN, Feb 19, 2013):

Night had fallen. Some 20 airplane passengers had taken their seats for the short hop from Brussels, Belgium, to Zurich, Switzerland.Unknown to them, a precious cargo was being loaded into the airplane hold along with their suitcases: $50 million in rough and polished diamonds.

But the diamonds would never reach their final destination.

Read more$50 Million Diamond Heist At Belgian Airport

Chinese Billionaires Buying Gold & Diamonds

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– Richard Russell – Chinese Billionaires Buying Gold & Diamonds (King World News, June 21, 2011):

“So in managing risk, there is not a lot of risk to manage when you own gold. Or let me put it this way — as far as money is concerned, the nearest thing to riskless money is gold.

Incidentally, in Sunday’s New York Times there is an article about Graff, the diamond king. Graff is turning to China to sell his multi-million dollar diamonds. In China billionaires are multiplying in faster quantities than is occurring in the US or anywhere else.

All the major diamond dealers and upscale merchandisers are opening stores in China The Chinese love to flaunt it. Wealthy Chinese know the value of tangible items that are priced in the vicinity of hundreds of millions of dollars and that are portable. Damn clever, these Chinese.