It's funny that the narrative for years was "DeBeers cornered the market to create fictional high prices." I believed it myself. Most right-thinking people outs

It's funny that the narrative for years was "DeBeers cornered the market to create fictional high prices." I believed it myself. Most right-thinking people outside the diamond industry did. With Russian and Canadian mines coming online over the past two decades it's become clear that they cornered the market to keep prices stable. Volatility has gone through the roof but diamonds haven't become genuinely cheap. In retrospect this should have been obvious. Cornering the market completely for 80 years would have been impossible if diamonds weren't still pretty rare. It makes me wonder what other myths I have kicking around my head.