locoghoul t1_iz147w4 wrote
Reply to comment by chemicalclarity in Scientists have analyzed the specific labor costs for producing a 1 carat diamond in mines and through artificial synthesis. The work of human turned out to be more effective: 26 minutes versus 2-3.5 hours. by Skoltech_
Similar story to Aluminum. The Empire State has a an apex at the top made out of oure Aluminum metal. Back in the day, in order to produce that amount it cost a fortune which is why it was chosen to be the apex. However, the next year electrochem made it really easy to recycle and separate Aluminum from scrap metal and what the previous year cost thousands of dollars was now worth literally 12 dollars or so
chemicalclarity t1_iz1aesw wrote
I love that! There's a lovely story on the Tiffany's fith avenue property purchase. It was bought with a string of pearls. The value of that property today is truly astonishing, I don't believe the pearls are worth much more than a million today.
I may be a little hazy on some of the details here, it's been a long time since I looked into it. I'll see if I can find a link when I get a chance.
splendid-raven t1_iz1xnrk wrote
It was the Cartier flagship in New York! Two strands of pearls worth over a million dollars for a house worth a little over $900k. I think the necklace was sold for $150k years later.
chemicalclarity t1_iz3nd5q wrote
That's it! Thank you for clarifying the details. I believe the building is worth in excess of a billion today.
Viewing a single comment thread. View all comments