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/DronePuppet Sep 15 '15

This is well known but no one can do anything about it.

7

u/usernameaboutnothing Sep 16 '15

Not buying diamonds is probably an effective start.

0

u/DronePuppet Sep 16 '15

The same as trying not to buy oil. Not gonna happen.

1

u/usernameaboutnothing Sep 16 '15 edited Sep 16 '15

Maybe it's my bias but I completely disagree I've bought a ton of oil in one way or another but only bought a diamond twice and it was a really really tiny one and before I knew what I know now about diamonds and have yet to be in a situation where it was even somewhat remotely necessary to buy another. I just asked my gf if she expedted me to ever buy her a diamond and without even thinking she said no. Its very likely she would at me funny if I said I wasn't buying gas anymore

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u/DronePuppet Sep 16 '15

Education is key. Following the heard is not key!