500 Carats On Grizzill!

So, I don't know if you know anything about South African history, but diamond mining has been one of their biggest economic stimuli for probably the past 150 years.  Earlier this month, in one of the larger mines in South Africa, miners found a 500 carat diamond, the largest diamond on record ever found.  On top of that, it is one of the clearest in history, and its probably one of the dopest things ever.

Now for all of you Kanye fans, this is not a blood diamond (duh).  Aside from the fact that the blood diamond industry was largely shut down almost a decade ago, South Africa has a very regulated diamond supply industry.  Of course, no government industry is without flaws, and with it being South Africa there are certain injustices, but they are no where near the atrocities of what many Africans faced during the conflict diamond times of of the 1990s.

Anyways, if you know anything about the economy, you've noticed how lately commodities have been on an uprise while stocks have on a downturn.  This no doubt includes diamonds.  If you've seen the movie Blood Diamonds then you do know that for all the diamonds that are found they keep them in a huge depository at the diamond manufacturers headquarters, and they only release a certain amount each year in order to keep the demand high, thus being able to control the price.  So a find like this, if it were not regulated by the diamond industry, possibly would not be assessed at such a high value, but since they control virtually all of the worlds diamond supply they can assess it at whatever they'd like to.

My key point?

I want it :]

illy!