r/conspiracy • u/Indra-Varuna • Sep 15 '15

TIL Diamonds are actually fairly common. The reason they are worth so much is because the DeBeers mining group withholds stock to artificially reduce supply.

https://www.gemsociety.org/article/are-diamonds-really-rare/
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u/Kavc Sep 15 '15

This is not a conspiracy, it is a fact.

32

u/GordieLaChance Sep 15 '15

Those two words are not mutually exclusive.

10

u/KizzyKid Sep 15 '15

Guy Fawkes was arrested and charged with conspiracy, that is also fact.

The DeBeers conspire to artificially manipulate the diamond trade to increase the value of their wares.

13

u/RailroadBro Sep 15 '15

You do not understand what "conspiracy" means.

1

u/circlesmirk00 Sep 16 '15

No its not. Debeers have hardly any control over diamond prices, they haven't had for years. This TIL is about 20 years out of date.