What I don't understand is how De Beers hasn't gone bankrupt yet : > According to industry estimates, the average one-carat flawless diamond had fallen in valu

What I don't understand is how De Beers hasn't gone bankrupt yet : > According to industry estimates, the average one-carat flawless diamond had fallen in value by 50 percent since January of 1980. In March of 1980, for example, the benchmark value for such a diamond was $63,000; in September of 1981, it was only $23,000. https://diamondssuck.com/ https://diamondssuck.com/ > Diamond: Via Blue Nile: 1.00-Carat Round, Very Good-cut, I-color, and VS1-clarity diamond comes accompanied by a diamond grading report from the GIA. Price: $4,565 https://news.ycombinator.com/item?id=38252743 https://news.ycombinator.com/item?id=38252743 So, converting to today's dollars, that's : 1980 : $235.3k/1ct 1981 : $ 77.9k/1ct 2006 : $ 7.0k/1ct 2023 : $ 3.5k/1ct (and 1.3k/1ct for lab-grown) Also, why the HELL would investors think that's a store of value, like here ?!? https://news.ycombinator.com/item?id=37508058 https://news.ycombinator.com/item?id=37508058 I guess it's more «investors» + speculators instead, which only looked at recent values ??