Artificial diamonds are frankly better in all ways to natural diamonds. The only reason natural diamonds are worth anything is massive PR bullshit campaign.Furthermore, the economic incentives of the cosmetic gemstone industry do not favor their wanting a new, cheap process entering the market. Self-interest plays in our favor there, as long as we maintain a discreet profile and small supply. And people in government arent really interested in a boutique production modality for gemstones whose scale suggests some sort of bottleneck.
Hole in the ground =/= diamond mine.So Google earth sees a hole. Holes are not hard to make or find.
Source is Alamy said:
And we are claiming a much much smaller mine. Honestly there is no disputing the claim that the diamonds were only under few shovel fulls of dirt because that has in fact happened. I really don't get how you can apply such different standards needed to investigate the two options and apply the higher standard to the option we have been told by our finance adviser should attract less attention.Hole in the ground =/= diamond mine.
Seriously, you have access to Google. Look up imagery results for diamond mines. Here's one from Sierra Leone
Thats one example of what a "hole in the ground" looks like. Those little toys? Trucks.
Not to mention that the local people who live in the area, as well as the government, will probably have opinions if you start excavating freaking pits in the ground and leaving them open.
Nor is Molly onboard with wrecking shit to no purpose.
Ours actually does for the first two ... we just assemble the industrial equipment on-the-spot.However, if you do not claim that your manufacturing process involves industrial processes, high temperature plasmas or hazardous chemicals?
On the other hand, in extremis there's always the option to shrug and go "well, can't say I didn't try to save you the nightmares of figuring out your paperwork for this Mr. inspector" and then demonstrating our process.You can't just lie on a couple of registration forms and expect everyone to shrug it off once you've caught their attention.
That's basically the regulatory version of telling a cop "you can't do this to me". They can, and now that you're being annoying they're going to make a point about it.
:sigh:And we are claiming a much much smaller mine. Honestly there is no disputing the claim that the diamonds were only under few shovel fulls of dirt because that has in fact happened. I really don't get how you can apply such different standards needed to investigate the two options and apply the higher standard to the option we have been told by our finance adviser should attract less attention.
I could go on.
1)What are they digging for?Well, Thomas is going to be heading there in person right? How hard would it be for him to just, set up a very small mining operation? Bonus points if the mining operation actually has enough output to pay operating costs. But if it's done with just hand tools the costs should be trivial enough.
Seems like he could handle things well enough for it to stand up to causal, and somewhat less then causal inspection.
Having to interview a bunch of locals who may not even speak the same language as you is a significantly higher bar of entry then "Just check google maps" or even "Take a plane trip to the other side of the world". Especially if the region doesn't have good transportation.1)What are they digging for?
If there's no profit, you have to be paying locals to just dig holes in the ground. Why?
Anyone who bothers to spend thirty minutes in a local bar buying a round of drinks will have the localss tell them all about it.
2)The local government probably has opinions about random large excavations. So might some of the locals.
3)Mining has costs. Land erosion. Water consumption and pollution. Habitat loss for animals. Just loss of beauty.
Are you going to just ruin the local landscape in order to attempt to sell a story that wont hold up to sustained scrutiny anyway?
Never mind the social consequences.
I dont think Molly would consider that ethical. She's not a Captain Planet villain, even if she could cosplay as one.
And? What's the rate at which it updates for some outback areas in Africa? I am fairly sure it's longer than once per year.
The issue here is that whatever Thomas buys still has a chance of having magical stuff there. We need to at least know about it, to avoid buying too volatile stuff.I think you're reaching. I appreciate that you try to pack as much as you can into your plans, but we don't want additional complications in our first attempt to set up some basic legal fictions to cover our operations.
Eyes on the prize; once we have RVD we can do the stuff you're talking about as a separate effort later.
There's also probably not a list exactly. One hole in the ground is as good as another, so Thomas was probably planning on flying out there and doing a few day trips while spending the rest of the time on vacation. He can't exactly look appropriate places up on Zillow or something. So we'd be delaying dealing with this until he's actually able to get out there, look around, and report back.
Not... really. No, not at all, actually. Because if you can make that stuff, and if you show that you can make that stuff... Everyone would both want it, and want you dead. That'll be ruining the global diamond trade. The innovative company won't be able to sell "real looking" diamonds if we want to keep this on the down low. Clearly artificial diamonds with cheap process is a big, but ultimately normal thing. Cheap real looking diamonds? That's the stuff that changes the global trade patterns.The thing that convinced me to go company is that we can say even those diamonds that can pass as real are artificial but not the other way around.
True. There are pros and cons to every approach but this gets our feet wet for when, not if, we start our actual company. It gives us zn idea of what to direct when the stakes are still low enough.Not... really. No, not at all, actually. Because if you can make that stuff, and if you show that you can make that stuff... Everyone would both want it, and want you dead. That'll be ruining the global diamond trade. The innovative company won't be able to sell "real looking" diamonds if we want to keep this on the down low. Clearly artificial diamonds with cheap process is a big, but ultimately normal thing. Cheap real looking diamonds? That's the stuff that changes the global trade patterns.
Subsaharan African literacy rates are in the 65%+ range for English or French.Having to interview a bunch of locals who may not even speak the same language as you is a significantly higher bar of entry then "Just check google maps" or even "Take a plane trip to the other side of the world". Especially if the region doesn't have good transportation.
You know what has no profit? Investigating random minor diamond mining operations.
The plan already includes Thomas heading there in person. I don't think anyone is going to be objecting to some planned small excavations. Especially if it gets them money.
It's not like we are going to be staring a major industrial mining operation here. So concerns about land erosion or like are incredibly premature.
And if we really want to, we could use the crown to scan the property listings for unclaimed mineral wealth instead of magical activity.
This is all already down a big hypothetical anyway. Thomas doesn't think anyone is going to investigate much in the first place and I'm willing to trust him. This is all just a legal cover. There are a hundred and one shady businesses out there. The fact that we are actually showing up with the diamonds and not ripping people off should put us well ahead of the competition.
On the other hand an artificial diamond creation business is both far more notable, and far easier to investigate by simple merit of being more nearby. Anyone who is willing to go to the other side of the world to try to find a specific hole in the ground and interview a bunch of locals could find suspicious things about us far closer to home.
Where are the Very advanced and expensive machines? Laboratory grade reagents? Property for laboratory space? Commercial electricity cost?
All far harder to fake then a plot of dirt on the other side of the world.
No, they won't. You bribe a local clan in power, probably shoot some raiders and put their corpses on display as a sign of intimidation. All it takes is finding a sufficiently dysfunctional state.The more I think of it, the idea you can just fake a plot of dirt, and make tens of millions of it in the modern day.... what happens when it gets back to the local African government that you are claiming to be making a killing off them and they are barely getting a taste? Wont they make a stink?
Subsaharan African literacy rates are in the 65%+ range for English or French.
It really isnt especially difficult to get people to talk to you. The more so if you are paying for them to talk to you.
That I can speak from experience, if you'll believe a rando on the Internet.
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Thats not true. A profitable small diamond mine means there's diamond bearing geography there to be exploited.
Thats why, in all those photos I posted upthread, the small diamond mines came first. Which drew the attention of big diamond companies with surveyors and big plan proposals to the government. Which resulted in big diamond mines.
The only way that doesnt happen is if the locals KNOW there are no diamonds there, and you somehow have the shittons of money to pay them enough to keep their mouths shut when a megacorporation like Anglo-American shows up and starts talking hundreds of millions of dollars worth of mining contracts.
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The Watsonian explanation is that Thomas can be wrong. Or just without context. Thats why he's supposed to be going.
Its entirely possible to get there and find out that nope, it wont work.
Dude is learning on the job; you expect a couple fumbles.
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An artificial diamond business has no obligations to reveal their process to anyone.
And like I've said previously, on due consideration Id rather deal with the regulators and local journalists in the US, than with the diplomats and spies of every major economy with interests in Africa, as well as the local government of the African nation.
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I mean, mines get inspections from local regulators. Pay for mining permits. Employ people.
Pay export duty from the country of manufacture. Are subject to local regulations.
Hell, most African countries I know hew to the principle that mines are property of the government; if you buy land and there's subsurface mineral deposits of oil or minerals, its not private property, but public. The government can give someone else the permits to mine it, with or without compensation to you.
US rules dont apply.
The more I think of it, the idea you can just fake a plot of dirt, and make tens of millions of it in the modern day.... what happens when it gets back to the local African government that you are claiming to be making a killing off them and they are barely getting a taste? Wont they make a stink?
I mean, to do things legit, let's look at Angola.
Angola, which is a major diamond exporter, charges 30% on diamond mining(25% industrial tax + 5% diamond tax), and thats in addition to the land fees, capital gains tax, personal income tax, stamp duties, social security, and contributions to the Mining Development Fund and Environmental Fund.
Source:
At a glance: mining duties, royalties and taxes in Angola
A concise guide to applicable duties, royalties and taxes for mining activities in Angola.www.lexology.com
In total, the estimated tariff on diamonds in Angola in 2018 was 50%. Source:
Thats BEFORE US Customs and the IRS.Diamonds in Angola | OEC
Find the latest exports, imports and tariffs for Diamonds trade in Angola.oec.world
Botswana takes a 15-25% equity in significant mining operations, and charge 10% royalties on top of that for diamond operations.
Source:
Thats before US Customs and the IRS.
And those are two of the stabler nations in play.
I cant find comprehensive numbers for Sierra Leone or South Africa.
The juice is not worth the squeeze my friend.