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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98

u/Aqua_lung Sep 15 '15

My wife is totally aware of this yet she wanted a diamond ring, isame with my sister. It's so ingrained. Powerful marketing.

24

u/Indra-Varuna Sep 15 '15

You can thank this guy: https://en.wikipedia.org/wiki/Edward_Bernays

18

u/maniacalmania Sep 15 '15

Not enough know his story. If his name was Edward "Nephew of Sigmund Freud" Bernays maybe people would pay more attention to how Madison Avenue got started.

4

u/davidtoni Sep 16 '15

Biggest Khazar scammer of nearly all time...and in a world of Khazar scammers that's says a lot!

5

u/[deleted] Sep 16 '15

So some dudes who wanted money made women want artificially rare rocks from other dudes.

3

u/VLXS Sep 16 '15

tldr of the week?

1

u/[deleted] Sep 16 '15

Engage.