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The diamond market is a farce, there's no scarcity, they have almost no real use and sinthetic diamonds are a thing for ages, the only reason it didn't plummet
by sudoaza 6y ago
The diamond market is a farce, there's no scarcity, they have almost no real use and sinthetic diamonds are a thing for ages, the only reason it didn't plummet is because the only artificial diamond manufacturer reached an agreement with the sellers to mark them as fake
- sukilot 6y agoWhy would sellers and manufacturers agree to something only deBeers wants?
- sudoaza 6y agoWell at the moment they were already selling everything for industrial use, now looks like there are more manufacturers of synthetic diamonds and they are indeed selling them, only they tell people... https://www.reuters.com/article/us-diamonds-debeers-synthetic-analysis/lab-grown-diamond-prices-slide-as-de-beers-fights-back-idUSKCN1OK0MQ https://www.reuters.com/article/us-diamonds-debeers-syntheti...