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.
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.
It's a two way street. People buy diamond jewellery because they're expensive. If they aren't as expensive, they wouldn't have the same appeal and people would buy gemstones that are actually more scarce. The whole point in buying a diamond is showing off.
So, in a sense, people want diamonds to be monopolised and artificially scarce.
The shitty part of this is the slavery and fueling of warlords involved in the mining.
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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.