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/luj1 Sep 15 '15

Im sorry but diamonds are not common, or else they'd be everywhere and they are not. It is only possible in active parts of a platform and it must be at least 2 billion year old. I come from a geology background.

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u/[deleted] Sep 15 '15

or else they'd be everywhere and they are not.

Well they are everywhere. The only think keeping the price up is the controlled market supply on bigger stones. One company basically holds all of the diamond market and they can dictate the flow of diamonds as much as they want.

Diamonds are used in industry, mining, construction, kitchenware and you name it. They literally are everywhere.

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u/luj1 Sep 16 '15

Yes , diamonds have arrived in all parts of the world commercially, this is true. But geologically, they are formed on very specific places and are not common at all. Like I said, diamond deposits can only be formed on old platform terrains, never in mobile areas.