> There seems to be a fundamental flaw of in the mental model of everyone predicting that diamond prices will crash. It would be interesting to hear a theory on

> There seems to be a fundamental flaw of in the mental model of everyone predicting that diamond prices will crash. It would be interesting to hear a theory on why it never happened. I would guess the flaw is the same as in the theory that bitcoin will crash to zero. If you ask me to formulate the flaw based on my way too cynical worldview, it would be something like "massively underestimating the amount of people who have zero clue about what they actually are buying"