The thing about Diamonds is that they are artificially inflated in price. They have warehouses where they only release a certain amount at a time to keep the prices up.
The thing about Diamonds is that they are artificially inflated in price. They have warehouses where they only release a certain amount at a time to keep the prices up.
Yes, DeBeers controls 90% od the supply still. Of they release them all, they are worthless... But, they are still hard as fuck :)
True dat! 🤣
DeBeers controls 90% ? wooooooot
Yep - it used to be 100 I think, but they had to give up some control. There is a reason that Diamonds aren't stock listed as a commodity.
What da hell, makes me really wonder