Otter@lemmy.ca to Data is Beautiful@mander.xyzEnglish · 5 months agoThe falling price of diamondslemmy.caexternal-linkmessage-square33fedilinkarrow-up1383arrow-down16
arrow-up1377arrow-down1external-linkThe falling price of diamondslemmy.caOtter@lemmy.ca to Data is Beautiful@mander.xyzEnglish · 5 months agomessage-square33fedilink
minus-squaremassive_bereavement@fedia.iolinkfedilinkarrow-up20·5 months 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-squarexep@fedia.iolinkfedilinkarrow-up11·5 months 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