this post was submitted on 26 Jan 2025
362 points (98.4% liked)

Data is Beautiful

2540 readers
4 users here now

Be respectful

founded 1 year ago
MODERATORS
KnowledgeIsPower@mander.xyz
Beaver@lemmy.ca
WanderingPhoenix@mander.xyz
362
The falling price of diamonds (infosec.pub)
submitted 6 months ago by otter@lemmy.ca to c/dataisbeautiful@mander.xyz
31 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[โ€“] massive_bereavement@fedia.io 21 points 6 months 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€“] xep@fedia.io 11 points 6 months ago

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