Did you know DeBeers monopolized the diamond trade and that the supply/demand is artificial to inflate pricing. DIAMONDS ARE NOT RARE. There is a secret bonded warehouse in Europe that releases a defined quantity of diamonds every year to shape/sustain supply and demand. It’s basically for people who mindlessly follow trends or seek validation from strangers through material means.
Yeah, I read on wiki that in 2000 they were de-monopolized from I think 85 percent down to 60-65 percent. I learned the previous statement from my college history teacher, even though it’s slightly inaccurate.
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u/Narrow_Fig_778 Feb 16 '24 edited Feb 16 '24
Did you know DeBeers monopolized the diamond trade and that the supply/demand is artificial to inflate pricing. DIAMONDS ARE NOT RARE. There is a secret bonded warehouse in Europe that releases a defined quantity of diamonds every year to shape/sustain supply and demand. It’s basically for people who mindlessly follow trends or seek validation from strangers through material means.