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Interesting read concerning that topic: https://www.theatlantic.com/magazine/archive/1982/02/have-you-ever-tried-to-sell-a-diamond/304575/ https://www.theatlant

Interesting read concerning that topic: https://www.theatlantic.com/magazine/archive/1982/02/have-you-ever-tried-to-sell-a-diamond/304575/ https://www.theatlantic.com/magazine/archive/1982/02/have-yo... Its quite old (from 1982), but some things might still be relevant today. The article leaves you with the strong impression that the market is highly controlled by a few players, and a diamond is not really an asset you would like to invest in.

toomuchtodo 6y ago
This is all true today still. Just as OPEC controls oil supply, De Beers Group controls the diamond supply.
- dmurray 6y ago
  Equally true, all right. The US is the world's biggest oil producer, and numbers 3, 4 and 5 on the list are non-OPEC members Russia, China and Canada [0]. Similarly, Wikipedia attributes to De Beers a 36% market share in rough diamonds [1] [0] https://www.worldometers.info/oil/oil-production-by-country/ https://www.worldometers.info/oil/oil-production-by-country/ [1] https://en.m.wikipedia.org/wiki/De_Beers https://en.m.wikipedia.org/wiki/De_Beers
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throwaway888abc 6y ago
On same note, Blood Diamond is good movie about the topic. https://www.imdb.com/title/tt0450259/ https://www.imdb.com/title/tt0450259/
- fred_is_fred 6y ago
  Per usual the book is better. https://www.barnesandnoble.com/w/blood-diamonds-revised-edition-greg-campbell/1127660878?ean=9780465029914 https://www.barnesandnoble.com/w/blood-diamonds-revised-edit...