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This took way longer than I hoped & expected... the DeBeers cartel in full damage control has really squeezed everything they could from it.
by MobileVet 28d ago
This took way longer than I hoped & expected... the DeBeers cartel in full damage control has really squeezed everything they could from it.
- fhn 27d agoso DeBeers just buys up all the labs that grow them and still have a monopoly. Lower the price competition appears and raise the price when competition goes bankrupt. Sort of like Amazon.
- xbmcuser 27d agoThe process to make diamonds is open to anyone and has a lot of industrial uses apart from jewelry so not possible for Debeers to monopolize the market they can crash the prices but increasing prices won't be possible.
- newyankee 27d agoHonestly it seems like they knew this would happen, but they managed to really make the most of it. If anything it is an example of how important marketing is in influencing culture and choices
- xbmcuser 27d agoDebeers has been trying to sell their mines for years now unsuccessfully the public might not have known but the financial people did.
- bostik 27d agoWell, they have at least one way to extend their market's lifespan at this point. They can double down on the provenance and openly claim the flag "product of artisanal slavery". I'm sure there are enough hard-right wingers who will happily flaunt their wealth and disdain for other human beings.