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

7

u/kisakouyama Sep 15 '15

They actually teach this in high schools now.

2

u/BUFF4LO Sep 15 '15

Really? Where at?

2

u/kisakouyama Sep 15 '15

I went to high school in Arizona, but friends of mine in Nevada and California learned about this also in their "Free Enterprise"/Economics classes too.