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The falling price of diamonds (lemmy.ca)

submitted 11 months ago by otter@lemmy.ca to c/dataisbeautiful@mander.xyz

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[–] massive_bereavement@fedia.io 21 points 11 months ago (1 children)

Natural diamonds pricing is controlled by an oligopoly, so even if demand is down they might keep the price high for the purple of keeping diamonds as an expensive thing.

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[–] xep@fedia.io 11 points 11 months ago

Yes, De Beers has manipulated the prices of natural diamonds before: https://en.wikipedia.org/wiki/De_Beers#21st-century_changes

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