Diamond Food? picturesAdvanced Photoshop Pictures Contest - 17 image entries
Contest Directions:  [ The world's most expensive wedding cake makes its debut on Monday night in Beverly Hills. The cake is worth $20 million and is studded with diamonds. ]
Diamonds are expensive. (The only time I had my hands full of diamonds is when I got a diamond flush in poker.) So it makes little sense to me to make a wedding cake with diamonds so you can eat $20 million in one go. I understand diamonds are woman's best friends, but why eat your best friends? Man's best friend is a dog, but you don't see men eating dogs (except in China), especially at weddings. Besides, if you chew and eat diamonds, a dentist will be your best friend for the next few days, followed by a proctologist who will have to catch your little friends on their way out.
In this contest you are asked to include diamonds as part of food products or meals.
[ browse best gallery pictures ] Tags: diamond food
Jackpot: 1st place: $20, 2nd place: $12 , 3rd place: $8
Started: 10/17/2006 6:00:00 AM, Ended: 10/19/2006 6:00:00 AM
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| This contest is fueled by the following news: |
| | The most expensive wedding cake in history was unveiled Monday in Beverly Hills. The cake is likely to cause indigestion, however. The $20 million wedding cake is diamond studded and was created by Mimi So Jewelers together with Nahid La Patisserie Artistique, a cake designer. The cake is the star attraction at the Luxury Brands Bridal Show to be held on Rodeo Drive. Ilona Sherman, the organizer of the show, made not that where else would you find a $20 million wedding cake but on Rodeo Drive. The wedding cake is fully protected by security guards all of the time, 24 hours a day. Plus, Sherman noted that the cake -- made of diamonds -- cannot be eaten.
Till the year 2000, Central Marketing Organization, belonging to “De Beers” dominated the market by buying diamonds on long-term agreements diamonds as “De Beers” and their other largest manufacturers — Russia, Australia, Zaire, Angola and thereby controlling up to 80 % of world production. During the times when supply is more and demand is comparatively less, Central Marketing Organization stored "surplus " diamonds in stocks thus preventing the reduction in prices.
In 90s of XX-th century, less demand of ornaments with diamonds coincided with the production growth of diamonds and lead to considerable growth of stocks with Central Marketing Organization. Not having possibilities to finance constant rise of stocks, Central Marketing Organization has reduced prices numerous times, which lead to the refusal from many diamond-mining companies to carry out trading with Central Marketing Organization. In 1996, Australia refused to have long-term agreements with De Beers. Presently, only Russia has long-term trade agreement with De Beers.
In 2000, De Beers declared transition to new market strategy, so-called “Preferred Supplier”. The company has refused to regulate market prices for diamonds. This marked the end of actually operating cartel in the world market of diamonds. Now the prices for natural
uncut diamonds are formed under the influence of market forces, that led to the price fluctuations. Considerable drop in prices of diamonds by up to 30-40 percent occurred in 2005-2006 because of local increase in supply over demand. At the same time, capacities of operating deposits, output level and expected commissioning of new mines indicate that stable increase in demand over supply in medium and long-term perspective in the world market shall be observed, which creates prerequisites for rise in diamond prices. |
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