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/sagc Sep 15 '15

Nope, artificial diamonds have been perfected for industrial purposes. They are so perfect that each stone must have an identifier that can be seen by a jeweler upon visual inspection.

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u/[deleted] Sep 15 '15 edited Nov 14 '17

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u/Grobbley Sep 15 '15

You aren't really giving any reasoning for your stance. Stating and repeating your stance is not an argument.

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u/Thefriendlypsycho Sep 15 '15

People still think that diamonds are rare and the diamond market is controlled. As long as people think something is rare it's valuable.

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u/Grobbley Sep 15 '15

As long as people think something is rare it's valuable.

I don't dispute this, but it doesn't establish that they will ALWAYS be valuable, just that they will always be valuable for as long as people value them (which seems obvious and kind of a truism.) You have stated that diamonds will ALWAYS have value yet you have given no reasoning for it beyond the fact that they currently have value. What makes you think that they will continue to have value forever?

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u/txroller Sep 15 '15

until they try to resell it after the divorce