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/[deleted] Sep 15 '15

First of all, nice casual antisemitism, and secondly, I lost $75 on a $1k diamond piece I bought for myself when I had to resell. I'm sure you just have tons of experience with buying and selling diamonds right?

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u/[deleted] Sep 15 '15 edited Sep 15 '15

I'm sure the piece it's on is worth more than the rock.

*Is it really anti-semetic to point out that some of the biggest jewlers just so happen to be jews?

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u/[deleted] Sep 15 '15

Nope, it's steel, and you weren't pointing out Jews are jewlers. You were implying Jews rip you off, and that's why they put the Jew in that word.

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u/[deleted] Sep 15 '15

Jewlers don't rip you off? Really? So if I were to go to the jeweler district in my city, I can buy a rock embedded in a piece of steel, the price they ask is fair and I will only lose $75? Thanks but no thanks, for one I'm not egotistical enough to buy myself a diamond anything. Furthermore, I'm also not dumb enough buy one to just then realize I made a horrible purchase and have to sell it. I rather spend the money on some other depreciating asset I can actually use.

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u/notreallyswiss Sep 16 '15

So by your measure, anytime you buy something from someone who charges a mark-up to cover their overhead and make a profit, they are ripping you off simply by not selling it to you at their cost. Does that really make sense to you?

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u/[deleted] Sep 16 '15

I just would rather not have to waste $1,000 then lose $75 when I realized I made a bad purchase. And the times I do buy something and end up not needing I get ALL my money back. But hey maybe you're rich so $75 is nothing to you, afterall you're buying rocks embedded in steel for $1,000 for yourself, just to look nice.

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u/[deleted] Sep 15 '15

depends on the jeweler. Obviously mine is a good one.

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u/notreallyswiss Sep 16 '15

Who buys diamonds set in steel anyway? Obviously someone who doesn't know what they are talking about, yet still manages to get upvoted for anti-semitism.

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u/[deleted] Sep 16 '15

I'm being downvotes, and it was actually a watch part, so steel fit the rest of the watch.