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Diamonds
A bit of odd news: “NEW YORK – A square, 32.01-carat emerald-cut diamond that billionaire philanthropist Leonore Annenberg bought for her 90th birthday sold for $7.7 million at auction on Wednesday. About the size of a walnut, the flawless, colorless diamond sits on a ring designed by Manhattan jeweler David Webb. It is flanked by two pear-shaped diamonds, one of them 1.61 carats and the other 1.51 carats.” I ask myself whether a stone like this actually has any value other than that created by the demand of people who have nothing else to spend their money on. I suppose it’s like a work of art. What makes one worth more than another? I’m sure I’m not the only one perplexed by this. Perhaps this woman would like to have this jewel?
A bit of odd news: “NEW YORK – A square, 32.01-carat emerald-cut diamond that billionaire philanthropist Leonore Annenberg bought for her 90th birthday sold for $7.7 million at auction on Wednesday. About the size of a walnut, the flawless, colorless diamond sits on a ring designed by Manhattan jeweler David Webb. It is flanked by two pear-shaped diamonds, one of them 1.61 carats and the other 1.51 carats.” I ask myself whether a stone like this actually has any value other than that created by the demand of people who have nothing else to spend their money on. I suppose it’s like a work of art. What makes one worth more than another? I’m sure I’m not the only one perplexed by this. Perhaps this woman would like to have this jewel? 
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