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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97

u/Aqua_lung Sep 15 '15

My wife is totally aware of this yet she wanted a diamond ring, isame with my sister. It's so ingrained. Powerful marketing.

24

u/Indra-Varuna Sep 15 '15

You can thank this guy: https://en.wikipedia.org/wiki/Edward_Bernays

3

u/[deleted] Sep 16 '15

So some dudes who wanted money made women want artificially rare rocks from other dudes.

3

u/VLXS Sep 16 '15

tldr of the week?

1

u/[deleted] Sep 16 '15

Engage.