In other news, De Beers just has announced the creation of a space program.

Sep 11, 2024 6:57 PM

https://boingboing.net/2024/08/01/mercury-may-have-11-mile-deep-layer-of-diamonds.html

Diamonds on Mercury? That's HARD to believe! Eh? Eh? Oh.

2 years ago | Likes 1 Dislikes 1

Diamonds are just carbon - a very plentiful material. As manufacturing tech advances, they get easier and easier to make - at some point in the next few decades they'll become cheap and ubiquitous, potentially replacing glass for some uses. By the time we can realistically mine mercury - the diamonds there will be a curiosity.

2 years ago | Likes 2 Dislikes 0

And are recruiting new slave labor for the mines.

2 years ago | Likes 8 Dislikes 0

But they're aren't any people to enslave on Mercury, how are they going to mine them?

2 years ago | Likes 1 Dislikes 0

Cosmically speaking, wood is the rarest substance on earth

2 years ago | Likes 1 Dislikes 0

"Yea there's a lot, but there's the cost of shipping, handling, processing, marketing, storage, so they're going to be REALLY expensive." - also DeBeers

2 years ago | Likes 2 Dislikes 0

That’s a nice ring!

Thanks, he went to Mercury

2 years ago | Likes 5 Dislikes 0

Could probably find a lot of gold on some asteroids too

2 years ago | Likes 2 Dislikes 0

They'd make a good high wear resistant coating. Crush em to dust and glue em like sand. Great grit for public walkways.

2 years ago | Likes 1 Dislikes 0

Sparkly space rocks sound more appealing than blood diamonds. I wonder what color they are.

2 years ago | Likes 1 Dislikes 0

2 years ago | Likes 4 Dislikes 0

Dibs

2 years ago | Likes 1 Dislikes 0

2 years ago | Likes 2 Dislikes 0

deBeers when they find out

2 years ago | Likes 2 Dislikes 0

Diamonds: pretty, not rare anymore

2 years ago | Likes 30 Dislikes 0

are they pretty tho? I mean, a girl can be pretty, those are just small crystals... bismuth is more pretty, I guess.

2 years ago | Likes 1 Dislikes 0

Lab made diamonds are easy to make and have less imperfections than natural diamonds.

2 years ago | Likes 15 Dislikes 0

Diamonds were never really rare though. The supply is just very tightly controlled

2 years ago | Likes 6 Dislikes 0

Nah, DeBeers would start a nuke program so no one else can have the diamonds. Gotta control those prices by limiting the supply

2 years ago | Likes 90 Dislikes 0

Much easier, really.

2 years ago | Likes 5 Dislikes 0

or start an ad campaign that says true love can only be expressed with a terrestrial diamond ring.

2 years ago | Likes 7 Dislikes 0

Remember folks, jewelry is a general scam. Like a scam not even the Eds would run.

2 years ago | Likes 2 Dislikes 0

DeBeers isn't interested until they can get children onto the surface of Venus to work in those mines.

2 years ago | Likes 1 Dislikes 0

I thank Austin Powers for the new pronounciation of "Mag-ma".

2 years ago | Likes 3 Dislikes 0

Wouldn't De Beers immediately lobby against visiting Mercury??? Diamonds are extremely common and are artificially expensive because of controlled supply.

2 years ago | Likes 3 Dislikes 0

They'd want to control the supply, as they do now.

2 years ago | Likes 1 Dislikes 0

Siberia has trillions of dollars worth of impact diamonds that nobody has bothered to harvest because the price will collapse if they do, making the whole effort a loss.

2 years ago | Likes 2 Dislikes 0

Diamonds are not rare or valuable.

2 years ago | Likes 1 Dislikes 0

Diamonds are extremely useful for many industrial applications. Harvesting diamond from Mercury or an asteroid would result in the price plummeting due to sudden abundance, which would only be a problem for companies like DeBeers that have spent a century artificially inflating their value for jewelry.

So, sure, let's have DeBeers go harvest diamonds in space.

2 years ago | Likes 23 Dislikes 1

Also, they’re shiny.

2 years ago | Likes 1 Dislikes 0

The point is they would hoard them to control the market. But....can you just picture the advertising campaign for Space Diamonds, so much more exclusive than earth diamonds.

2 years ago | Likes 5 Dislikes 0

More exclusive but equally worthless. We can already make our own diamonds that rival or exceed natural ones in size and quality, and we can create diamonds to different specifications for various industrial applications with very high precision.

The only reason to mine diamonds from space is for industrial or structural applications where we can't make enough ourselves.

Jewelry made from space diamonds would just be a money laundering scheme much like a banana taped to a canvas.

2 years ago | Likes 5 Dislikes 0

And more importantly for uses in space where firing rocket loads of them from our own gravity well would be cost prohibitive.

2 years ago | Likes 2 Dislikes 0

The cost of harvesting diamonds from mercury and returning them to earth would keep the price pretty high still. Mercury is one of, if not the hardest planets to get to and return from.

2 years ago | Likes 3 Dislikes 0

No, it wouldn't.

Again, we can just make diamonds for jewelry.

There is currently no benefit to mining diamonds from Mercury. If we ever need massive amounts of diamond for some kind of infrastructure in space, that might change.

2 years ago | Likes 2 Dislikes 0

Diamonds are worthless.

2 years ago | Likes 1 Dislikes 0

not if they're on a spinning blade cutting rock,concrete stone and steel, that's how they stole your catalytic converter

2 years ago | Likes 1 Dislikes 1

or your locked up ebike

2 years ago | Likes 1 Dislikes 1

i thought they use a sawzall for stealing cats?

2 years ago | Likes 1 Dislikes 0

Wow I totally didn't know that! You're so smart. This is sarcasm btw. I obviously meant it as in monetary value not in terms of usefulness.

2 years ago | Likes 1 Dislikes 0

We can make gem quality diamonds by the ton. They are, and always have been, of very little value. Their exorbitant costs are simply a product of advertising and tight control of the market by DeBeers and a few others.

2 years ago | Likes 320 Dislikes 0

Exactly. As such, DeBeers won't make a space program, they will sabotage any program that tried to mine these diamonds. (FYI, human technology is no where even close to a point where we could mine these for a profit, so DeBeers is safe... for now).

2 years ago | Likes 10 Dislikes 0

You don't need to mine them. You can literally buy a diamond making machine on alibaba for $200k: https://arstechnica.com/science/2024/09/you-can-buy-a-diamond-making-machine-for-200000-on-alibaba/

2 years ago | Likes 1 Dislikes 0

Also, 11 miles deep, the earth is probably loaded with diamonds.

11 miles is EXTREMELY DEEP for mining.

2 years ago | Likes 11 Dislikes 1

I think that they are saying the layer is 11 miles thick, not that it starts at 11 miles down.

2 years ago | Likes 1 Dislikes 0

They are saying 11miles thick but it isn't on the surface either

2 years ago | Likes 1 Dislikes 0

"DA BEERS" in Chris Farley's voice.

2 years ago | Likes 14 Dislikes 1

Careful, you'll get a ham lodged in your aorta.

2 years ago | Likes 2 Dislikes 0

Diamonds are industrial materials, they've served their purpose as currency and that time is gone. It's exactly the same reason we don't use rolled furs as currency anymore: they're literally worthless out of their specific context.

2 years ago | Likes 79 Dislikes 1

Even then, lab made diamonds are the same exact thing and cost no blood at all unless a step worker get stuck in a machine.

2 years ago | Likes 14 Dislikes 0

What the helll am I supposed to do with all my furs!!

2 years ago | Likes 4 Dislikes 0

Shove em up your butt!

2 years ago | Likes 1 Dislikes 0

Wear them to keep warm.

2 years ago | Likes 3 Dislikes 0

Learn to sew, make them into clothing accessories, and (hopefully) start a clothing brand that doesn't rely on slave labor in third world countries.

2 years ago | Likes 1 Dislikes 0

"Theyre literally worthless out of their specific context", you just described all currency

2 years ago | Likes 33 Dislikes 1

How right you are!! +1 +1 +1

2 years ago | Likes 15 Dislikes 0

Nope. Gold, probably the most used currency in all of history, is useful for electronics, medicine, chemistry, and probably more.

2 years ago | Likes 11 Dislikes 2

Should I be taking Gold as medicine?

2 years ago | Likes 1 Dislikes 0

You need it to be in liquid form to let it work it's magic.

2 years ago | Likes 1 Dislikes 0

The statement was effectively tautological so that doesn't work. X is worthless outside of its "specific context" of usefulness. Which is another way of saying, a thing has no value except for where it has value.

Gold's properties that give it value in certain use cases are the specific context where it has value.

2 years ago | Likes 9 Dislikes 0

I took it as singular as opposed to plural as they said "context" and not "contexts". Furs only have one real use. Gold has many uses.

2 years ago | Likes 2 Dislikes 0

Gold's industrial uses gave it actual functional value, it's use as currency was just based on it's rarity and hue since it had no value for anything else beyond decoration. So gold essentially fits in two categories anyway Gold(modern-industrial) and Gold(archaic-currency) that don't really cross since by the time we hit modern industry gold as an currency base was unfeasable.

2 years ago | Likes 2 Dislikes 0

Except we dont use gold as a standardised currency anymore and youre describing its practical uses. Bricks and wood are used for building houses, are they currency?

2 years ago | Likes 3 Dislikes 0

Gold still has a TON of value purely as a commodity. Commodities, especially ones without a real expiration date, are essentially just currency.

2 years ago | Likes 1 Dislikes 0