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"There will always be a market for stones from 1 carat to 10 carats, but at 50-100 carats we are looking at an elite buying field, and the rarer they are, the better they fare," Mr. Kadakia said.
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During her year working at the beer garden, Uy saw firsthand how the country's male elite bought virgins with entitled ease.
"The market forces are such that unless government intervenes, countries will follow that path because the elites buy the cars, the elites run the government and industry, so there's a lot of pressure to build more roads," he says.
At the bar, the young sons of Burma's elite are buying bottles of Jack Daniel's and Johnnie Walker with thick wads of dirty kyat notes.
The U.S. stock market is rigged, with elite traders buying access to a high-speed network that allows them to figure out what you've just ordered, order it first, then raise the price before your order is complete.
If an elite customer buys a full-fare coach seat, for example, that person will typically trump another elite in the same tier who has not when it comes to an upgrade.
In other words, elite quarterbacks buy time to throw.
Such rents, he argues, are used to provide a temporary cushion against economic pressures, preserve the privileges of the elite and buy continued loyalty to the state.
Because many old firms were trying to sell non-core businesses, there was much for the new black elite to buy.
Elite quarterbacks buy time by sliding and stepping up in the pocket, all the while maintaining their readiness to fire in a split second.
"Over the last 20 years it was the elite that bought these properties and a lot didn't live in them but might come over two or three weeks a year.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com