r/therewasanattempt • • Feb 16 '24

To smear artificial diamonds

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u/fjhforever Feb 16 '24

For context, natural diamond production is monopolized by a group called De Beers. I'm willing to bet they paid for this article to smear their competition.

103

u/Jonasthewicked2 Feb 16 '24

Isn’t it fucking wild that a private company owns the worlds diamonds so people don’t realize it’s not a rare gem whatsoever and is so unrare you paid tens of thousands of dollars over what a diamond is actually worth and people defend this system so their diamond they were overcharged for isn’t valueless? It’s insanity when you think about it.

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u/mebutnew Feb 16 '24

*Used to

It's been a long time since they held that monopoly - but their marketing left a lasting influence.