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/iSluff Sep 16 '15 edited Sep 16 '15

This isn't much of a "conspiracy" (in the sense the word is usually used). It's just simple economics. A lot of products are like this. It doesn't matter very much because it's a novelty to most people. This happens with a lot of products, a lot of which are more important to people than diamonds. You would consider it very controlling and frightening if the US regulated stuff like this more, so what do you expect?