713
What's a scam that's so normalized that we don't even realize it's a scam anymore? (lemm.ee)
submitted 3 years ago by to c/asklemmy@lemmy.ml
1082 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[โ€“] 3 points 3 years ago (1 child)

Here's an informative video on the subject: https://youtube.com/watch?v=PYUMKRwJzNg&feature=share9

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 1 child comment
    •
  • [โ€“] 2 points 3 years ago

    The short answer is, diamonds are controlled by a cartel with literal warehouses of diamonds kept off the market to maintain artificial scarcity, compounded by very successful marketing to increase the perceived value above actual value, raising demand. If you are buying new diamonds, you are always paying too much, although how much extra varies.

  • permalink
  • fedilink
  • source
  • parent