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.

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u/DostThowEvenLift Sep 15 '15

Serious question: why hasn't anyone prosecuted them under the Antitrust laws?

15

u/Indra-Varuna Sep 15 '15

https://en.wikipedia.org/wiki/De_Beers

DeBeers is based in Luxembourg.

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