Otter to Data is [email protected]English • 1 month agoThe falling price of diamondslemmy.caimagemessage-square33fedilinkarrow-up1381arrow-down15
arrow-up1376arrow-down1imageThe falling price of diamondslemmy.caOtter to Data is [email protected]English • 1 month agomessage-square33fedilink
minus-squaremassive_bereavementlinkfedilink18•1 month agoNatural 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.
minus-squarexeplinkfedilink11•1 month agoYes, De Beers has manipulated the prices of natural diamonds before: https://en.wikipedia.org/wiki/De_Beers#21st-century_changes
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.
Yes, De Beers has manipulated the prices of natural diamonds before: https://en.wikipedia.org/wiki/De_Beers#21st-century_changes