this post was submitted on 26 Jan 2025
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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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[–] Liz@midwest.social 3 points 11 months ago

You're reading the graph backwards. The lab diamonds have been cheaper for a long time. De Beers made diamonds a fashion statement so long ago that a lot of their marketing tricks are assumed to be just general lore.