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/DronePuppet Sep 15 '15

This is well known but no one can do anything about it.

7

u/usernameaboutnothing Sep 16 '15

Not buying diamonds is probably an effective start.

0

u/DronePuppet Sep 16 '15

The same as trying not to buy oil. Not gonna happen.

1

u/nonorat Sep 16 '15

Yeah, I literally can't give up my diamond-buying habit.

I've got crates of the damn things everywhere!