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Sure but even "natural" diamonds aren't as rare as they're made out to be. There's an artificial scarcity because De Beers wants to keep the prices up: http://
by pluma 9y ago
Sure but even "natural" diamonds aren't as rare as they're made out to be. There's an artificial scarcity because De Beers wants to keep the prices up:
http://www.washingtonpost.com/wp-dyn/content/article/2010/07/02/AR2010070203990.html http://www.washingtonpost.com/wp-dyn/content/article/2010/07...
- dsacco 9y agoI’m well aware of all of that, I was just commenting on the legitimacy of peoples’ preferences with regard to natural versus artificial items.
- rhino369 9y agoThe De Beers cartel fell apart when mines in other locations were established. It was only valued at 13 billion in 2011. De Beers definitely mined cornered the market for a long time. But its over. The meme that diamonds are falling off frees if not for De Beers is not accurate. But with these artificals, it may very well come true.