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OfflineAyahuascasoul
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So if you won the lottery how would you spend it?
    #19238844 - 12/06/13 10:43 PM (10 years, 1 month ago)

I would buy 500 acres secluded with the home of my dreams, a large man made pond stocked with catfish. My home would have a large swimming pool half indoors, half outdoors with colored laminar flow fountains. I would want my house to have prohibition era safe rooms so you would need to know where your going to get anywhere. I would want a large battery room inside a faraday cage so if my solar panels fail I would have backup for a month or so. Wild game for hunting deer, hogs, turkey, quail, rabbits and cows...spore filled cows. Now after that was done find a vacation home and a party house in the city and live off the interest off the rest of my money.


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InvisibleLegend
RIP Sasha
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Re: So if you won the lottery how would you spend it? [Re: Ayahuascasoul]
    #19238866 - 12/06/13 10:49 PM (10 years, 1 month ago)

Give some to family, then invest in my long dreamed of ranch by buying a few acres in the west texas mountains.


--------------------
No sympathy for the devil, keep that in mind.
[url=
]Buy the ticket, take the ride. [/url]
Are you lost?


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InvisibleGilgamesh18
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Re: So if you won the lottery how would you spend it? [Re: Ayahuascasoul] * 1
    #19238867 - 12/06/13 10:49 PM (10 years, 1 month ago)

I would purchase land in a remote corner of Wyoming and build a underground bunker and stock it with 100 years of food thousands of rounds of ammunition and enough drugs to kill a thousand elephants.


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OfflineMush4Brains
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Re: So if you won the lottery how would you spend it? [Re: Gilgamesh18]
    #19238884 - 12/06/13 10:52 PM (10 years, 1 month ago)

I'd donate it all to the GOP because they obviously are the best political party ever.


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InvisibleGilgamesh18
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Re: So if you won the lottery how would you spend it? [Re: Mush4Brains]
    #19238890 - 12/06/13 10:53 PM (10 years, 1 month ago)

Quote:

Mush4Brains said:
I'd donate it all to the GOP because they obviously are the best political party ever.



:rolleyes:


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OfflineWhoManBeing
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Re: So if you won the lottery how would you spend it? [Re: Ayahuascasoul]
    #19238911 - 12/06/13 10:59 PM (10 years, 1 month ago)

first, quality cocaine.  second, VW Westfalia split window.  travels to all family, friends known spread throughout the states.  ship the VW to europe and travel around as much land as all that over there.  ship VW back to states.  drive down to south america looking into the Incas history and all what wonders there.  then, to africa to see the land.  all along the travels, buying fine pieces of art, clothe, jewerly, foods, furniture, etc., and shipping to states.  when back to states, set up on some healthy land an art-peace of a hOMe where arts of all kind be created.


--------------------
Hip, hip... WhoRAy!!!

Eye was thinking the other day...  ahh, thinking never done me no good.



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Offliner00tuuu123
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Re: So if you won the lottery how would you spend it? [Re: Ayahuascasoul]
    #19238919 - 12/06/13 11:00 PM (10 years, 1 month ago)

Simple buy a nice house in Costa Rica a Ford gt 40 a 300 winmag or 30.06 and 1000 rounds of ammo and a 21' Boston Whaler 3 trolling rods, build 2 fly rods (11/12 wt() And live off of the interest. :manofapproval:


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:kingcrankey: Please report me to a Mod for hurting your punk ass hippie feelings :flipthebird: And all time Champion thread killer.:thatsayes:


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OfflineCaptainpaps
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Re: So if you won the lottery how would you spend it? [Re: WhoManBeing]
    #19238926 - 12/06/13 11:02 PM (10 years, 1 month ago)

i would buy a house and land in northern cali, buy a house and land in mexico, get a house and land in the state im in, give some to my moms and some to my family, and put abunch of money up, and invest some


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InvisibleRiderOnTheStorm
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Re: So if you won the lottery how would you spend it? [Re: Ayahuascasoul] * 1
    #19238943 - 12/06/13 11:08 PM (10 years, 1 month ago)

I would buy japanese people and have living furniture in my brand new avant garde home overlooking the lake.


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Offlineteamkiller
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Re: So if you won the lottery how would you spend it? [Re: RiderOnTheStorm]
    #19239109 - 12/06/13 11:52 PM (10 years, 1 month ago)

i'd pay 100,000 people to come on the shroomery and make posts asking what would you do if you won the lottery.


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OfflineE_Z
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Re: So if you won the lottery how would you spend it? [Re: teamkiller]
    #19239127 - 12/06/13 11:56 PM (10 years, 1 month ago)

Man i'd pay off my debt and live comfortably never not high :awehigh:


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Do what thou wilt shall be the whole of the law
Love is the law
Love under will


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OfflineMisterSandman
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Re: So if you won the lottery how would you spend it? [Re: E_Z]
    #19239132 - 12/06/13 11:58 PM (10 years, 1 month ago)

drugs


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OfflineCrystal G
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Re: So if you won the lottery how would you spend it? [Re: MisterSandman]
    #19239171 - 12/07/13 12:13 AM (10 years, 1 month ago)

Well, that depends. How much is the lottery I'm winning? $100,000? $30 million?

If $30 million, then I'd end up with a little over $15 million due to taxes. I'd probably spend $4 million on two to three homes, spend another $1 million on traveling and eating and hobbies, put a million in my bank account, save $5 million in offshore accounts, and then invest the rest of the $4 million in investments and in starting up new businesses.

If I only win the $100,000 lottery, I'd probably just save all of it and help pay off my debts, since close to 50% will be taken away from taxes. I would probably spend only 10% of it on things that I want, such as new clothes and hobbies I enjoy, like skiing or wakeboarding.

Seems most people here would just waste their money and go bankrupt pretty quickly. Kind of like those one-hit wonder celebrities who grew up poor and blow all their money cause they don't know what to do with it, then end up filing for bankruptcy in 2 years and never make a famous hit song ever again.


Edited by Crystal G (12/07/13 12:22 AM)


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InvisibleBiodiversity
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Re: So if you won the lottery how would you spend it? [Re: E_Z]
    #19239184 - 12/07/13 12:19 AM (10 years, 1 month ago)

One of the things I would consider doing would be to manipulate the bitcoin market.


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OfflineAyahuascasoul
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Re: So if you won the lottery how would you spend it? [Re: Biodiversity]
    #19239866 - 12/07/13 08:33 AM (10 years, 1 month ago)

Crystal G, I asked because I just got finished playing my numbers and the jackpot was for 159,000,000. If I won 100,000 I couldn't even quit my job, lol


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OfflineThe5thElement
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Re: So if you won the lottery how would you spend it? [Re: Ayahuascasoul]
    #19239979 - 12/07/13 09:14 AM (10 years, 1 month ago)

IF I won 30 million


I would give some to certain family members, some would get nothing because they are kinda assholes. Definatly pay of my parents debt and move their asses out to BC, buy them a fucking awesome place, ect ect.

Then I would buy some more equipment to make music, buy some pedals and an acoustic guitar, maybe get another electric although I would;t need it because I have one presently. Then I would get some lessons, pretty much invest most of the next 6 months or so getting really good at guitar. In then meantime I would also buy a nice home, get some furniture and all that stuff.

I'd definatly quit my job, although honestly I'd give them two weeks notice and just work till my last day there. WTF not? I'm rich bitch.

I'd probably get drum lessons too, get myself an acoustic kit as well. I'd hire a dietician as well as a personal chef to teach me how to make some kick ass meals, I cook all the time so I don't need someone making me food for me all the time.

I'd hire a personal trainer, purchase some stuff for my home gym, buy some art. Get some clothes, buy a 1970 chevelle muscle car, I may have spelt that wrong but whatever, too lazy to double check.

Probably wouldn't travel right away, although I might just take a trip for a week randomly, I'm pretty random so I can imagine just doing whatever at any time. I'd really wanna get kick ass at playing guitar so I'd focus on that a lot. I would buy some stuff for a good friend of mine, really only one guy deserves anything out of all the people I know.

To be honest I would't want everyone to know I'd won, although that would be impossible to pull off.

I'd do a lot more stuff, defiantly hire some professional guy who knows his shit on growing weed, learn it up and then grown my own in my home. I'd probably buy a dog and maybe a cat as well. I should stop now otherwise I'll just keep going.


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OfflineMush4Brains
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Re: So if you won the lottery how would you spend it? [Re: Crystal G]
    #19239983 - 12/07/13 09:16 AM (10 years, 1 month ago)

Quote:

Crystal G said:
Well, that depends. How much is the lottery I'm winning? $100,000? $30 million?

If $30 million, then I'd end up with a little over $15 million due to taxes. I'd probably spend $4 million on two to three homes, spend another $1 million on traveling and eating and hobbies, put a million in my bank account, save $5 million in offshore accounts, and then invest the rest of the $4 million in investments and in starting up new businesses.

If I only win the $100,000 lottery, I'd probably just save all of it and help pay off my debts, since close to 50% will be taken away from taxes. I would probably spend only 10% of it on things that I want, such as new clothes and hobbies I enjoy, like skiing or wakeboarding.

Seems most people here would just waste their money and go bankrupt pretty quickly. Kind of like those one-hit wonder celebrities who grew up poor and blow all their money cause they don't know what to do with it, then end up filing for bankruptcy in 2 years and never make a famous hit song ever again.





You're talking about spending $4 million on three homes, $1 million on traveling, so 33% of your winnings, and you're making fun of people who go broke after getting rich?


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InvisibleAsante
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Re: So if you won the lottery how would you spend it? [Re: Ayahuascasoul]
    #19240016 - 12/07/13 09:27 AM (10 years, 1 month ago)

Buy silver by the forkliftload.  Its under $20/oz right now, its a steal. Every fiver you spend on silver now will be a tenner soon.


--------------------
Omnicyclion.org
higher knowledge starts here


Edited by Asante (12/07/13 09:27 AM)


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OfflineThe5thElement
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Re: So if you won the lottery how would you spend it? [Re: Asante]
    #19240022 - 12/07/13 09:29 AM (10 years, 1 month ago)

Buy low, sell high GO GO GO


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Offlinesanchothestoner
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Re: So if you won the lottery how would you spend it? [Re: Mush4Brains]
    #19240030 - 12/07/13 09:31 AM (10 years, 1 month ago)

I'd buy a bunch of acid, weed, and alcohol first.  Then a nice classical guitar, an orange amp, and a chill cabin that's secluded in the mountains or something.  I'd probably also buy a lot of benzos, opiates, and an acoustic guitar.

I think with everything else I have in my life right now, that's pretty much it.


--------------------
I fucking hate you... God damn, I love you...
But we both know if we stick together, we'll just tear ourselves apart
You are my sunshine, my only sunshine, you make me happy, when skies are grey
You are my heroin, but there's an abscess... God damn, I miss the vein!


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OfflineShroomslip
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Re: So if you won the lottery how would you spend it? [Re: Ayahuascasoul]
    #19240033 - 12/07/13 09:33 AM (10 years, 1 month ago)

I'd buy a house with a bunch of land, I want to have to use binoculars to see my nearest neighbor. I'd start growing my own food. With the left over I'd split it in half, half would be set aside for living expenses and the other half would get invested in low risk, but profitable investments.

I have very simple aspirations.


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With my face against the floor I can’t see who knocked me out of the way.
I don’t want to get back up but I have to so it might as well be today.
Nothing appeals to me no one feels like me, I’m too busy being calm to disappear.
I’m in no shape to be alone contrary to the shit that you might hear.


You can't wake up, this is not a dream. You're part of a machine, you are not a human being
With your face all made up, living on a screen. Low on self esteem, so you run on gasoline


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Invisiblethoughts
imagining.
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Re: So if you won the lottery how would you spend it? [Re: Ayahuascasoul]
    #19240045 - 12/07/13 09:35 AM (10 years, 1 month ago)

I'd start a business and keep stackin paper.


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I need Jesus.


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OfflineThe5thElement
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Re: So if you won the lottery how would you spend it? [Re: sanchothestoner]
    #19240047 - 12/07/13 09:35 AM (10 years, 1 month ago)

Quote:

sanchothestoner said:
I'd buy a bunch of acid, weed, and alcohol first.  Then a nice classical guitar, an orange amp, and a chill cabin that's secluded in the mountains or something.  I'd probably also buy a lot of benzos, opiates, and an acoustic guitar.

I think with everything else I have in my life right now, that's pretty much it.




Doode, if we both get rich we should start a band :sip:


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OfflineIrfan
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Re: So if you won the lottery how would you spend it? [Re: Asante]
    #19240060 - 12/07/13 09:37 AM (10 years, 1 month ago)

Quote:

Wiccan_Seeker said:
Buy silver by the forkliftload.  Its under $20/oz right now, its a steal. Every fiver you spend on silver now will be a tenner soon.




What makes you say that?  Silver and gold have both been in a steady decline since their height in early 2011.  If you look at the prices of precious metals during the 1980's recession it peaked and fell off dramatically as the economy recovered and faith was restored in the dollar.  Why would you think anything different is happening now?


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OfflineLuSiD enthusiast
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Re: So if you won the lottery how would you spend it? [Re: Irfan]
    #19240082 - 12/07/13 09:42 AM (10 years, 1 month ago)

I'd probably set up an investment, and years down the road end up scammed out of it with my luck.


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I'm addicted to coke, weed, booze, ludes and speed.
Not LSD, you can't get addicted to LSD, it was built by scientists.

I ain't got no demons that gonna get woke.


In erowid we trust.

Just take your damn pills and don't ask any questions, you'll be fine.


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Offlinesanchothestoner
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Re: So if you won the lottery how would you spend it? [Re: The5thElement]
    #19240103 - 12/07/13 09:49 AM (10 years, 1 month ago)

Quote:

The5thElement said:
Quote:

sanchothestoner said:
I'd buy a bunch of acid, weed, and alcohol first.  Then a nice classical guitar, an orange amp, and a chill cabin that's secluded in the mountains or something.  I'd probably also buy a lot of benzos, opiates, and an acoustic guitar.

I think with everything else I have in my life right now, that's pretty much it.




Doode, if we both get rich we should start a band :sip:




Down :hook:


--------------------
I fucking hate you... God damn, I love you...
But we both know if we stick together, we'll just tear ourselves apart
You are my sunshine, my only sunshine, you make me happy, when skies are grey
You are my heroin, but there's an abscess... God damn, I miss the vein!


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InvisibleAsante
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Re: So if you won the lottery how would you spend it? [Re: Irfan] * 1
    #19240112 - 12/07/13 09:52 AM (10 years, 1 month ago)

Quote:

If you look at the prices of precious metals during the 1980's recession it peaked and fell off dramatically as the economy recovered and faith was restored in the dollar.  Why would you think anything different is happening now?




Because back then there WAS recovery of the economy and now all news to that effect is hype and spin.

Mr Bernanke's printing press is spewing out $85 billion every month in QE3 to borrow the illusion of current prosperity from tomorrow. And meanwhile one in six americans is near bankrupt on the perconal level, cities are bankrupt, states are bankrupt and the federal government is in hopeless deficit.

Its a house of cards and rather than strengthening the base they frantically build it higher and higher. Growth! Growth! Growth! Borrow from the future to spend today!

That will all come tumbling down, and people will hold onto other things than dollars and euros and guess what? Silver will be among the options left.

Economic recovery today, unlike the 80s, is entirely bogus.

Expect clusterfucks in your near economic future and prepare by having a good supply of food and drink in your house cause it may be a bumpy ride.

We are in the endgame of the scam of fractional reserve banking and fiat currency, and there will be no pacifying the by now all devouring beast of deficit and debt.


--------------------
Omnicyclion.org
higher knowledge starts here


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OfflineAyahuascasoul
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Re: So if you won the lottery how would you spend it? [Re: Asante]
    #19240135 - 12/07/13 09:58 AM (10 years, 1 month ago)

Seeking alpha says prices of precious metals will drop in 2014 so......wait


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InvisibleAsante
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Re: So if you won the lottery how would you spend it? [Re: Ayahuascasoul]
    #19240187 - 12/07/13 10:12 AM (10 years, 1 month ago)

They cant foresee sudden adverse events emerging, no one can, but they are getting more and more likely week after week.


--------------------
Omnicyclion.org
higher knowledge starts here


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OfflinePatlal
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Re: So if you won the lottery how would you spend it? [Re: Asante] * 1
    #19240273 - 12/07/13 10:41 AM (10 years, 1 month ago)

Most of my winnings would be invested in real estate.

My dream house:

A big victorian house on a big parcel of land. There would be a massive staircase at the entrance, a big library on the left, a big kitchen on the right, the rooms would be upstairs, of course they wouldn all be bedrooms, I would have a boudoir (for ze ladies), a drinking room, a arts room, etc etc. The cellar would be filled with wine and spirits and there would be a home theatre connect to a wicked man cave

Dream car:

Don't give a fuck

Dream cottage:

Overseas, by the beach somewhere. I would also have some land in Europe.

Dream wife:

I would have her custom built to my favorite measurements and wouldn't live with me. I would see her on occasion maybe 3 times a week.


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OfflineCrystal G
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Re: So if you won the lottery how would you spend it? [Re: Mush4Brains]
    #19240718 - 12/07/13 12:39 PM (10 years, 1 month ago)

Quote:

Mush4Brains said:
Quote:

Crystal G said:
Well, that depends. How much is the lottery I'm winning? $100,000? $30 million?

If $30 million, then I'd end up with a little over $15 million due to taxes. I'd probably spend $4 million on two to three homes, spend another $1 million on traveling and eating and hobbies, put a million in my bank account, save $5 million in offshore accounts, and then invest the rest of the $4 million in investments and in starting up new businesses.

If I only win the $100,000 lottery, I'd probably just save all of it and help pay off my debts, since close to 50% will be taken away from taxes. I would probably spend only 10% of it on things that I want, such as new clothes and hobbies I enjoy, like skiing or wakeboarding.

Seems most people here would just waste their money and go bankrupt pretty quickly. Kind of like those one-hit wonder celebrities who grew up poor and blow all their money cause they don't know what to do with it, then end up filing for bankruptcy in 2 years and never make a famous hit song ever again.





You're talking about spending $4 million on three homes, $1 million on traveling, so 33% of your winnings, and you're making fun of people who go broke after getting rich?




Ummmm, are you not aware that real estate accrues equity over time? You make money off BUYING homes, plus you get a hefty tax deduction. You don't make shit from renting. People use real estate all the time as part of a financial plan.


Edited by Crystal G (12/07/13 01:52 PM)


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OfflineCrystal G
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Re: So if you won the lottery how would you spend it? [Re: Mush4Brains]
    #19241039 - 12/07/13 01:52 PM (10 years, 1 month ago)

Quote:

Mush4Brains said:
Quote:

Crystal G said:
Well, that depends. How much is the lottery I'm winning? $100,000? $30 million?

If $30 million, then I'd end up with a little over $15 million due to taxes. I'd probably spend $4 million on two to three homes, spend another $1 million on traveling and eating and hobbies, put a million in my bank account, save $5 million in offshore accounts, and then invest the rest of the $4 million in investments and in starting up new businesses.

If I only win the $100,000 lottery, I'd probably just save all of it and help pay off my debts, since close to 50% will be taken away from taxes. I would probably spend only 10% of it on things that I want, such as new clothes and hobbies I enjoy, like skiing or wakeboarding.

Seems most people here would just waste their money and go bankrupt pretty quickly. Kind of like those one-hit wonder celebrities who grew up poor and blow all their money cause they don't know what to do with it, then end up filing for bankruptcy in 2 years and never make a famous hit song ever again.





You're talking about spending $4 million on three homes, $1 million on traveling, so 33% of your winnings, and you're making fun of people who go broke after getting rich?




Ummmm, are you not aware that real estate accrues equity over time? You make money off BUYING homes, plus you get a hefty tax deduction. You don't make shit from renting.


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InvisibleGilgamesh18
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Re: So if you won the lottery how would you spend it? [Re: Crystal G] * 1
    #19241050 - 12/07/13 01:54 PM (10 years, 1 month ago)

Real estate can also lose equity!


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OfflineIrfan
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Re: So if you won the lottery how would you spend it? [Re: Gilgamesh18]
    #19241162 - 12/07/13 02:19 PM (10 years, 1 month ago)

Quote:

Gilgamesh18 said:
Real estate can also lose equity!




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OfflineCrystal G
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Re: So if you won the lottery how would you spend it? [Re: Gilgamesh18]
    #19241255 - 12/07/13 02:34 PM (10 years, 1 month ago)

Quote:

Gilgamesh18 said:
Real estate can also lose equity!




Yes it can, which is why in the financial industry we say, "Don't put all your eggs in one basket."

It is not a wise choice to be putting almost all of your money investing into real estate. You should actually put a little bit in real estate, a little bit in stocks, a little bit in mutual funds/bonds, a little bit in universal or whole life insurance, a little bit in savings, a little bit in starting new businesses, and this way your portfolio will be much more stable.

Putting in 20% of your lottery money in real-estate and the other 30% in starting new businesses and investments is really not a terrible choice. Currently the real-estate market has been picking back up, and market prices are really low, so now is actually the best time to buy. $4 million for 3 houses is not out of the question, especially not in this state. You can't even get a house in a gated community for under $2 million here.

I personally wouldn't even quit working if I was going to make $15 million, because by the time I'm 60 the inflation would have made it probably only worth $6 million or so. And I'm certain that $6 million would have been spent it by then. I'm not going to spend my retirement years as a greeter at Costco or Walmart.

On the other hand, spending all your money on things that are GUARANTEED to devalue over time, such as extravagant parties, fur coats and leather jackets, drugs, or luxury cars... that is definitely a good way to 100% waste your money. And many one-hit wonder celebrities have gone broke this way, by buying Louis Vuitton bags and Chanel dresses, spending it on lovers and escorts, by buying thousands of dollars worth of drugs every single day, by hosting expensive parties every single night, dining in at expensive restaurants and ordering thousand dollar wine and champagne every day, and by buying Ferrari's and Lamborghini's, and giving away lots of money to relatives.

Things that accrue in value slowly over time are diamonds, firearms, gold, stocks, bonds, and real-estate. Usually.


Edited by Crystal G (12/07/13 03:07 PM)


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InvisibleTrentBoyett
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Re: So if you won the lottery how would you spend it? [Re: Ayahuascasoul]
    #19241303 - 12/07/13 02:43 PM (10 years, 1 month ago)

I'd buy drugs, a lot of guns, a car, a house, and make it so none of my close friends/immediate family had to work anytime soon.


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OfflineRickyBobby
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Re: So if you won the lottery how would you spend it? [Re: TrentBoyett]
    #19241379 - 12/07/13 03:00 PM (10 years, 1 month ago)

A house in Switzerland, a bunch of braods, a bunch of guns and im not sure what else.


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InvisibleKhii Khwaay
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Re: So if you won the lottery how would you spend it? [Re: Ayahuascasoul]
    #19241381 - 12/07/13 03:00 PM (10 years, 1 month ago)

I'd probably have some minefields cleared or something like that. I don't want any more stuff.


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InvisibleRobo
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Re: So if you won the lottery how would you spend it? [Re: Ayahuascasoul]
    #19241414 - 12/07/13 03:10 PM (10 years, 1 month ago)

White sports car, like a porsche or smaller engine ferrari, loads of technology and toys, clothes, bunch of cool drugs, nice place to stay in a few major cities, and I'd give some to my family.


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OfflineJacksonMetaller
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Re: So if you won the lottery how would you spend it? [Re: Robo]
    #19241428 - 12/07/13 03:14 PM (10 years, 1 month ago)

I'd buy a million lottery tickets


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InvisibleRiderOnTheStorm
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Re: So if you won the lottery how would you spend it? [Re: Crystal G]
    #19241570 - 12/07/13 03:51 PM (10 years, 1 month ago)

Quote:

Crystal G said:
Things that accrue in value slowly over time are diamonds, firearms, gold, stocks, bonds, and real-estate. Usually.




I thought diamonds were a terrible investment. De Beers lost it's monopoly years ago and slowly but surely their decades of market manipulation are unwinding. Diamonds are worthless, they can be flawlessly manufactured in labs and there are huge stockpiles held back from the public. Those stockpiles will eventually be dumped.


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OfflineCrystal G
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Re: So if you won the lottery how would you spend it? [Re: RiderOnTheStorm]
    #19241664 - 12/07/13 04:17 PM (10 years, 1 month ago)

Quote:

RiderOnTheStorm said:
I thought diamonds were a terrible investment. De Beers lost it's monopoly years ago and slowly but surely their decades of market manipulation are unwinding. Diamonds are worthless, they can be flawlessly manufactured in labs and there are huge stockpiles held back from the public. Those stockpiles will eventually be dumped.




The value of diamonds and firearms both increase over a long span of timetime. Haven't you noticed? When I was a kid in the 80's a 2 carat engagement ring could easily be purchased from Tiffany's for under $3,000. Now it would cost at least $10,000.

Diamonds can indeed be manufactured now, however there are numerous methods that labs use, and while ordinary people can't tell the difference professionals can.

The most realistic-looking "fake" diamond labs still use mined diamonds to create their finished product, by combining mined diamonds with synthetic diamonds.  The cheapest labs won't even use diamonds, they just use high-quality silver or cubic zirconia that have lots of density and radiance and hardness to it, and then simply market it as "synthetic lab diamonds," when there's really no diamonds in it at all. I know this because I did lots of studying online from various studies, from stores such as Blue Nile, Diamond Nexus, and Carat, and I corresponded through email with all these manufacturers to find out exactly what their diamonds were made out of.

One UK-based manufacturer who was called Carat markets so-called "lab diamonds." When I emailed them, they were very evasive about what their diamonds were made out of. It wasn't until I emailed back and forth that they finally admitted to me their products are cubic zirconia. No wonder 4 carats was only going for $2,000! That seemed WAY too cheap for even "synthetic" lab diamonds. Anything above $200 is a RIP-OFF if your "lab diamond" ends up being cubic zirconia!

I still have yet to find a lab that creates 100% "REAL" synthetic diamonds for a cheap price. The "real" ones are not much cheaper than mined diamonds. The cheapest but best quality lab diamonds will be, at best, cubic zirconia or some other stone in the middle of the core, with a real diamond coating layered on the very outside surface.

I also went to jewelry stores in person, and their synthetic diamonds were not much cheaper than the real diamonds. They were still $1,000 per carat. And that wasn't even for engagement rings, that was just for earrings and necklaces, and other types of jewelry that are supposed to be way cheaper than engagement rings.

Diamonds are still very much in demand, and it appears that lab diamonds have not influenced the value of mined diamonds at all. Even if DeBeers has competition now, I don't see diamonds getting much cheaper. Maybe a little bit, but not to less than a thousand per carat.

Competition tends to price their items relatively close to the other competition. Look at gas companies. They always differ by cents, not by increments of dollars. Gym memberships as well. When LA Fitness got word of the fact that 24 Hr Fitness was increasing their rates from $39.99 to $49.99, LA Fitness also increased their membership prices by $10.


Edited by Crystal G (12/07/13 04:45 PM)


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