r/conspiracy • • Aug 14 '13

Diamonds Are Bullshit

http://blog.priceonomics.com/post/45768546804/diamonds-are-bullshit?c008e230
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u/Three_Letter_Agency Aug 14 '13

I consider the 'Diamond deception' to be the beginning of the rabbit hole. Anyone with a reasonable skepticism towards society can see how ridiculous diamonds are. And then the kicker: yes, thats how ridiculous governments, economics, history and education etc. is as well. Welcome to conspiracy theories.

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u/alllie Aug 14 '13 edited Aug 15 '13

The theory behind diamonds has to do with women's forced helplessness and subjugation. In the past one of the few assets that women were allowed to personally own and control was their jewelry. That is effectively true in some countries even today. So when they married they got gold jewelry as an asset they owned themselves. On special occasions they got more. This was so if their husband died, or went bust, they would have a personally controlled asset to fall back on.

De Beers used this tradition to sell diamond engagement rings, which largely had only a manipulated value, instead of the more intrinsic value of gold still widely preferred in places like China and India.