this post was submitted on 26 Jan 2025
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The falling price of diamonds (lemmy.ca)
submitted 1 week ago by otter to c/[email protected]
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[โ€“] [email protected] 20 points 1 week 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.

[โ€“] [email protected] 11 points 1 week ago

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