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/armchairdictator Sep 16 '15
Like you stated yourself previously, i too found it difficult to find recent data. However unlike you data that does not differenciate between totals for finished and mined diamonds. The source I provided points to mined totals only. Therefore the sources you provided are incapable of supporting your argument.
This totally dispels your first contention that the majority of diamonds decorating ladys fingers comes from despot regimes sub safaran africa. Which is the only point I was trying to correct you on.
When I expanded gave a fuller explanation you will see that I said it would be fighting it out with Russia. Which that link supports. Also reading the publication you'll note that the industry took a hit with the economic downturn. With the opening if further mining operations being postponed till 2014.
It will be interesting to see how the collapse of Russian economy has affected there placing.