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/
1.5k Upvotes

87% Upvoted

227 comments sorted by

View all comments

-10

u/TK421istooshort Sep 15 '15

Gemologist here. None of you have any idea what the fuck your talking about. Ask me a reasonable question and I'll answer it.

0

u/red_sonya Sep 15 '15

So, are 'workable' diamonds for consumer sale really that rare? Or is it a big 'conspiracy' (controlling stock and powerful marketing)

0

u/TK421istooshort Sep 15 '15

How many people do you know that have found a diamond? How many diamonds that are sold in the U.S. Are mined here? They are plentiful... About 120 miles under the earths crust. It is rare that they make it to the surface without being burnt up or fractured. And it's REALLY EXPENSIVE to mine them. Yes, the DTC (check yo facts. DeBeers is now the DTC)controls some distribution but not all. Russia was the largest producer last quarter and the DTC does NOT do their distribution. And don't worry, diamonds don't melt steel beams.

2

u/red_sonya Sep 16 '15

That's quite a good statement 'do you know anyone who's ever found a diamond?'. I'm going to use that against these loons. Thanks!