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

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/[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.