Re:De Beers admits defeat over man-made diamonds
by paulie_a on Tuesday May 29, 2018 @09:26PM
(#17184272)
But they are not actually that rare. It's simply a controlled supply by a cartel losing its grip.
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Re:De Beers admits defeat over man-made diamonds
by hrabago on Tuesday May 29, 2018 @09:32PM
(#17184302)
Artificial scarcity successfully implemented is still scarcity. For example, trading cards printed in low numbers can drive the prices for those cards high.
Re:De Beers admits defeat over man-made diamonds
by paulie_a on Tuesday May 29, 2018 @11:43PM
(#17184894)
But they are not even artificially scarce. The price plummets after purchase immediately. Go buy a used engagement ring for instance. It is tainted for some reason but heavily discounted. Diamonds are not rare and not even that pretty compared to other gems.