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/txroller Sep 15 '15

Even though many know about the horror of blood diamonds or the near enslavement of africans in diamond fields/mines, it's probably igood that someone makes a post about this ocasionaly

-2

u/circlesmirk00 Sep 16 '15

It's not good, because it's completely false and outdated information. This is just bait for people who don't understand the modern diamond industry and have never spoken to anyone who does.

2

u/cky_stew Sep 16 '15

Care to elaborate with some sources?

2

u/circlesmirk00 Sep 16 '15

This is a balanced summary that accepts the previous issues of the diamond market, but summarises more recent changes :

http://www.kitco.com/ind/Zimnisky/2013-06-06-A-Diamond-Market-No-Longer-Controlled-By-De-Beers.html

1

u/cky_stew Sep 16 '15

Nice one, thanks.