Leading article: A real gem?

Friday 02 October 2009 00:00 BST
Comments

Your support helps us to tell the story

My recent work focusing on Latino voters in Arizona has shown me how crucial independent journalism is in giving voice to underrepresented communities.

Your support is what allows us to tell these stories, bringing attention to the issues that are often overlooked. Without your contributions, these voices might not be heard.

Every dollar you give helps us continue to shine a light on these critical issues in the run up to the election and beyond

Eric Garcia

Eric Garcia

Washington Bureau Chief

You have to give them credit for imagination. The name "The Gem of Tanzania" made it sound like the Koh-e-noor. It's the kind of title that might have been lifted from the pages of King Solomon's Mines. But an even greater stroke of genius by the auditors of Wrekin Construction was in valuing the ruby at £11m. No one would dream of making a fraudulent valuation of that size would they? Well, actually, they would. And it turns out that the Gem of Tanzania is a pretty ordinary piece of crystal, probably worth in the region of £100.

What better emblem could we have for these turbulent times than an asset that can go from almost priceless to worthless overnight?

We should bury the Gem of Tanzania, along with Wrekin Construction's financial reports, so that future archaeologists might dig them up and learn something of the way we lived. Alternatively, we could donate it to a worshipper of New Age crystals. At least then someone might, finally, get some value out of the thing.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in