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The falling price of diamonds (lemmy.ca)

submitted 2 months ago by [email protected] to c/[email protected]

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[–] [email protected] 20 points 2 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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[–] [email protected] 11 points 2 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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