Diamonds are too common… kinda. Let me explain. I ran some tests a...
0:57
Diamonds are too common… kinda. Let me explain. I ran some tests a...
1 month ago
MSNDashPum4
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​Diamonds are not rare at all. In fact, they are one of the most common gemstones on the planet. So why do they cost an absolute fortune? ​In the late 1800s, massive diamond mines were discovered in South Africa, which should have made the diamonds really cheap. To stop the prices from crashing to zero, a cartel called De Beers stepped in. They bought up almost all the major mines, locked millions of diamonds in heavily guarded vaults, and created a completely fake, artificial global shortage. ​
0:08
​Diamonds are not rare at all. In fact, they are one of the most common gemstones on the planet. So why do they cost an absolute fortune? ​In the late 1800s, massive diamond mines were discovered in South Africa, which should have made the diamonds really cheap. To stop the prices from crashing to zero, a cartel called De Beers stepped in. They bought up almost all the major mines, locked millions of diamonds in heavily guarded vaults, and created a completely fake, artificial global shortage. ​
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