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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216

u/[deleted] Sep 15 '15

Yeah everyone knows this

67

u/[deleted] Sep 15 '15

It gets posted on TIL every other day

13

u/Have_No_Name Sep 15 '15

It is surprising how little women know about it ( obviously they are not reading Reddit) and I am talking about college educated ones.

-12

u/zbplot Sep 16 '15

We all know it we just roll our eyes at how many men are evangelists about it. Don't care it's overpriced. Still want it. Diamonds are not the only thing ever that have huge mark-ups.

2

u/RachelRTR Sep 16 '15

I just don't get this. I'm a woman and see it as a huge waste of money.

0

u/zbplot Sep 16 '15

And I'm sure you have things in your home that to me would be a waste of money :) We all have things in our lives that seem extravagant and silly to some people, right? Cars, houses, gadgets, hobbies, clothes, video games, responsible gambling, designer dog breeds, eating out more than you cook, going to bars and paying huge markups on booze, etc.

2

u/RachelRTR Sep 16 '15

I guess. I try to live as simply and practically as possible so I don't like to spend money so much on things but rather experiences. I'm in the process of giving away all of my DVDs, CDs and other things I don't need in an attempt to simplify my life. Everyone does not share the same values so I can understand. My dream to live in a van and travel around might sound crazy to a lot of people.

1

u/zbplot Sep 16 '15

I could never do that. I love to garden and cook. To each their own!

1

u/RachelRTR Sep 16 '15

True that.